The tax authorities in Portugal with the new rules for the trade in and pay with bitcoin (BTC) and the other cryptovaluta. In a minor breakthrough, because there is no tax, and federal income tax purposes, it is.
Contents
The authorities are going about these activities, not to collect taxes, says of the Spanish-language version of the Cointelegraph, on its website, which relies on the business paper Jornal de Negócios. First of all, there is no vat (value added tax (vat) value added tax, ed.). applies to a transaction, and paying with BTC, or any other cryptovaluta.
The authorities have come up with this answer in response to a question from a company that has cryptomunten delft, the netherlands.
The official register (PDF), reports that in the next cryptomunten to fiat money, free from tax. Baanbrekender is that traders are no income taxes have to be paid on the profits made by cryptovaluta.
The european court of justice
The Portuguese tax authorities, referring to a ruling by the European Court of Justice, in 2015 ” (PDF). The Court then determined that bitcoin as a currency free from paying tax.
Also, as other countries flirt with the idea of including, for example, a city-state of Singapore.
At an earlier stage, Portugal has decided that the cryptovaluta with no load it would stay on. already in 2016, it has been determined that income earned from the sale of a bitcoin, or any other cryptomunten are free of income tax.
What’s it like in Holland anyway?
In the Netherlands, the owners will be required to pay taxes on their property computer. Our cryptojurist the Same time Cabell has a number of tips in a row, in the filling of the tax declaration about the end of 2018. It may be best to be as complex.
Income tax return in 2018: 4 tips to indicate, bitcoin, and other crypto
Image: Flickr.com
New and Bitcoin News all over: Bitcoin hodlers are in the positive, Binance Lending, and “Satoshi”, the lid on the nose
To have a say about anything that has to do with bitcoin, altcoins, and the market that surrounds it? Come and visit us on Facebook, Twitter, or by Telegram.
Thank you for signing up