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The current capital gains tax rate for financial investment in Portugal is 28%.
Portugal's changed stance on taxes brings the country in line with many other nations around the globe. Among them are Australia – where earlier Monday that country's tax office warned investors of the need to report capital gains and losses on crypto each year – the United Kingdom and the U.S.
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Portugal was previously considered a tax haven for cryptocurrency investors, in part due to an effective capital gains rate of zero.
"There is no specific law, it is just a lack of regul...
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What’s a taxable event?
A taxable event is a transaction or activity you're required to pay taxes on.
- A taxable event in one country might not be one in another.
- Typically, transactions involving the sale of commodities, investments, and other capital assets are all taxable.
- Selling or tradi...
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