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130 sats \ 5 replies \ @0xbitcoiner 17 Dec \ on: BEWARE - Portugal taxes BTC at 28% if you leave!! bitcoin
In Portugal, donations (gifting?) are taxed. I believe is 10%.
Travel Rule
The TFR will apply from#December 30, 2024 to coincide with the majority of MiCA rules and extends the "travel rule" applicable in traditional finance to crypto-assets. This means information on the source of an asset and its beneficial ownership will have to "travel" with a transaction and be stored on both sides of a transfer.
https://abreuadvogados.com/wp-content/uploads/2024/08/Country-Update-Portugal-Crypto-asset-regulation-2024-revised_VF.pdf
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10 sats \ 4 replies \ @Skipper 17 Dec
10% is still lower than 28% tho
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0 sats \ 3 replies \ @anon 17 Dec
0% if gifted to spouse or kids, or if it is under 500 eur
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0 sats \ 0 replies \ @0xbitcoiner 17 Dec
I didn't know about spouse or child. Are you sure?
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0 sats \ 1 reply \ @Skipper 17 Dec
So if he gifts to his wife, he dodges the tax. Lmao
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0 sats \ 0 replies \ @anon 17 Dec
yes, and so does she so long as she has the right tax jurisdiction
still needs to be reported though
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