The controversial tax proposal sought to make users pay taxes on trading transactions with digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies if they exceed the EUR5,000 threshold. Community calls this a triumph for the crypto ecosystem in Portugal.
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- Assembly rejected the proposal to tax commercial activities with cryptocurrencies.
- Portugal approaches cryptocurrencies as a form of money.
- Crypto companies will continue to pay taxes, but users will not have to.
The Assembly of the Republic of Portugal, the country’s main law-making body, rejected in today’s session the controversial proposal that taxes and imposes the payment of taxes on the use and trade of cryptocurrencies.
Assembly of Portugal rejects proposal to tax cryptocurrencies
This was published by the local news agency ECO, la cual está haciendo seguimiento a la sesión que actualmente tiene lugar en la Asamblea del país europeo. En una actualización realizada en el hilo de publicaciones, el medio portugués indicó:
Let’s keep in mind that the controversial proposal comes from the Portuguese tax agency, which was analyzing a new tax framework applicable to cryptocurrencies at the request of the local government. A source familiar with the matter commented at the time:
“The Government supports a concerted position on this issue at European level. However, it determined, by order of the Secretary of State for Tax Affairs dated 2021, that the Tax and Customs Authority should study the framework of crypto-asset instruments in the light of international best practices”.
The idea as such was to tax trading profits for cryptocurrencies and their profits, as long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. as they exceeded the threshold of EUR 5,000. It was also under consideration to apply taxes such as the payment of the VAT (value added tax) among others.
Is Portugal a tax haven critpo?
Seen in a good light by many investors and enthusiasts, it is common to hear that the European country appears as a kind of tax haven for all those who wish to operate with cryptocurrencies, precisely because the country legally approaches these assets as if they were a currency. This condition imposes tax obligations on companies that facilitate the trading of cryptoassets, but leaves free of this requirement to those who buy, sell and / or use digital currencies.
Los analistas señalan que esta condición viene a lugar por una especie de vacío regulatorio, el cual ha sido especialmente provechoso para los criptousuarios que viven dentro del país. Vale destacar que el impuesto más cercano que aplicaría para estos activos, que sería el de capitales financieros, está fijado al momento de edición en un 28%.
The rejection of the tax proposal is considered by many as a victory for the crypto ecosystem. However, given the relevance and hype that these assets are generating, there is a possibility that regulation is back on the table. It remains to be seen what will be the next initiative that government and/or political parties will try to introduce later on.
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Source: Blockworks Twitter , Eco.sapo.pt
Version by Angel Di Matteo / DiarioBitcoin
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