Portugal Proposes a 28% Capital Gains Tax on Gains from Crypto Assets Held for Less than a Year

Oct 11,2022
KingData News: Medina is calling for a 28% capital gains tax on earnings made from cryptoassets held less than one year, according to a draft 2023 budget introduced to Portugal’s parliament Monday. It is the same rate that traditional investment vehicles are currently taxed in the country. Income made from cryptoassets held for one year or more will continue to be tax-free, the proposal adds. Portugal has long exempted individuals from paying capital gains tax on crypto earnings.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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