Portugal Makes Bitcoin and Crypto Trading Tax-Free

Portugal Makes Bitcoin and Crypto Trading Tax-Free

An official announcement has been published by the Portugues Tax Authority (PTA) that they have decided that both trading and payments in cryptocurrencies will not be taxed in the country. The tax authorities also confirmed that crypto transactions are exempted from Value Added Tax (VAT), already the nation only charges capital gains tax. With this move, Portugal has become a crypto-tax haven for cryptocurrency users.

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