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1000 sats \ 0 replies \ @anon 9h \ on: BEWARE - Portugal taxes BTC at 28% if you leave!! bitcoin
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Yes, if you just purchased BTC on the same year, and you leave or sell them before one full year. Foreigners residents or nationals leaving the country.
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Yes, if you are holding for less than one year, you are a Portuguese national resident for over 5 years in Portugal.
And…
All this if you have declared them, and they are on an Exchange under MiCA regulation. And…
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No, if you own them more than one year.
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All taxes are subject to changes at this moment not only in Portugal but in the whole EU.
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There is an Exit tax, not only for BTC but for all the other assets traded in financial markets, as an BTC ETF, 28%, over the potential gains of all of them. if you are a Portuguese national planning to leave, and you have over 5 years resident in Portugal.
There are a couple of special tax regimes for foreigners in Portugal. The NHR in his new model after last year changes includes the exception to taxes over capital gains, that is an improvement over the previous model.
Countries with Exit tax in the EU, are many, and they are switching rules not recognizing former conditions, meaning retroactivity
Run Forrest, run 🏃
As nationals have worst tax rates than the special regimes for foreigners, regulations are being changed in short notice. If you are planning to move, be careful.