Portugal's Assembleia da Republica says no to two crypto tax bills
Cointelegraph
Published May 26, 2022 05:05AM ET
Updated May 26, 2022 06:40AM ET
The Portuguese congress, Assembleia da Republica, has rejected two bills that would have imposed a tax on cryptocurrencies.
Portugal has long been regarded as a cryptocurrency tax haven, and the trading of cryptocurrencies has been tax-free since 2018. In addition, trading digital assets is not considered investment income in Portugal. This has attracted crypto startups and events to Lisbon, despite the fact that businesses that accept Bitcoin must pay income tax on it.
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Written By: Cointelegraph
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