How is crypto taxed if it's held within a Portugal company?
If you are considered a tax resident in Portugal you will need to define if and how to pay taxes on your gain on cryptocurrencies, especially when you sell them.
One must analyze if the Gain you earn from selling the cryptocurrencies fits in any of the income categories under the Portuguese Tax Law. Capital Yield (βEβ type), Capital Gains (βGβ type), or Self-employed Worker (βB Typeβ). Cryptocurrencies in Portugal are only taxable if you do it as a professional trading activity and therefore you need to open an activity as a trader and pay taxes according to your profit, otherwise they are considered non-taxable in Portugal as they do not fit in any category.
--------------------------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7 and 8 figure International Entrepreneurs, Expats, Digital Nomads and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon best-selling author, Derren Joseph, in exploring the offshore financial world.
SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/DGAnFCsQ_Lg
https://youtu.be/SSd1BFyH8Ss
https://youtu.be/3kvARTVLoUs
--------------------------------------------------
Here are 4 ways we can help you:
SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.
FOR MORE DETAILS, CONNECT WITH US:
β Contact us on help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:
π Check our website: https://htj.tax/
ποΈ Listen to our podcast: https://podcast.htj.tax/
πΈ Add us on Instagram: https://www.instagram.com/htj.tax/
π¦ Add us on Twitter: https://twitter.com/derren43/
π Add us on Facebook: https://www.facebook.com/htj.tax
πΌ Contact Derren on LinkedIn: https://www.linkedin.com/in/derren-joseph-ea-0345332/
#cryptoportugal #taxesportugal #portugal #HTJpodcast #internationaltax #taxplanning #taxes #internationalbusiness #offshore #expats #investors #offshorecitizen #nomadcapitalist #flagtheory #InternationalEntrepreneur #irs #offshorebanking #ibc #offshorecompany