2024-12-31 00:46:46
The post claims 0% tax on the sale of cryptocurrencies. This was true before 2023. Now, short-term capital gains (crypto held for less than a year) are taxed at 28%, while long-term holdings remain tax-free. So, the statement about 0% tax on crypto sales is outdated cc: [Link] CURRENTLY_RATED_HELPFUL(15-0-1) Author
2024-12-31 01:50:13
Short-term Capital Gains: Crypto held for less than 365 days has flat tax rate of 28% on the capital gains when sold for fiat currency. However, if the income is received by a Portuguese tax resident who chooses to aggregate it, progressive tax rates between 14.5-53% [Link] NEEDS_MORE_RATINGS(2-0-2) Author