shutterstock 2107969145 Portugal to Tax Cryptocurrency Income According to Minister of Finance News Bitcoin News

Portugal to Tax Cryptocurrency Income According to Minister of Finance News Bitcoin News

-Portugal is preparing to change its policy on crypto taxation.
-Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains following the principles of justice and efficiency.
-The government had already given signs of its future direction regarding cryptocurrency taxation. The Ministry of Finance asked the Portuguese Tax Authority to study how crypto assets were taxed in other regions in 2021.
-While the models by which cryptocurrency gains will be taxed are still unclear, Medina stated that these would be set up following the principles of justice and efficiency, aiming for a tax system that would not scare cryptocurrency investments out of the country.

 

 

shutterstock 2107969145 Portugal to Tax Cryptocurrency Income According to Minister of Finance News Bitcoin News
Portugal to Tax Cryptocurrency Income According to Minister of Finance News Bitcoin News 3

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