Portugal Could Be a Tax Haven — Not Only for Crypto Traders By Cointelegraph

Portugal Could Be a Tax Haven — Not Only for Crypto Traders

The Portugal Tax Authority (PTA) announced last month that cryptocurrency trading and payments in crypto would not be subject to value-added tax (VAT).

According to the announcement, cryptocurrency payments that are subject to the provision of services under Article 9 (27) (d) of Portuguese tax law are exempt from VAT. This applies only to individuals, as Portugal-based businesses are still subject to several taxes such as VAT, social security and income taxes.

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