Portugal Could Be a Tax Haven — Not Only for Crypto Traders

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The Portugal Tax Authority announced tax-free cryptocurrency trading, adding to the tax benefits already offered by the national government. The Portugal Tax Authority (PTA) announced last month that cryptocurrency trading and payments in crypto would not be subject to value-added tax (VAT).According to the announcement, cryptocurrency payments that are subject to the provision of services under Article 9 (27) (d) of Portuguese tax law are exempt from VAT. This applies only to individuals, as Portugal-based businesses are still subject to several taxes such as VAT, social security and income taxes.This announcement follows another Portuguese tax benefit for cryptocurrency traders: Ruling 5717/2015,…
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Portugal Could Be a Tax Haven — Not Only for Crypto Traders

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