The Portuguese consumer protection association DECO proposes introducing a tax for cryptocurrency investors. This tax, according to the association, should be the same as for the tax on profits received by shareholders, that is, 28%
The organization considers it unfair that traditional investors have to give away almost a third of their profits, while cryptocurrency investors do not have to pay anything.
“All forms of savings and investment are generally taxed at 28%. It is unfair that cryptocurrency investments are exempt from taxation,” said DECO chief economist Andre Javiera.
“Currently, the sale of Bitcoin is not subject to accounting in the Portuguese tax system, neither in category E (capital) nor in category G (capital gains), said Portuguese Finance Minister Jornal de Negue. However, taxpayers who deal with Bitcoin must pay taxes if their crypto transactions represent constitute a professional or business activity.”
Portuguese fiscal authorities are betting that a change to the European anti-money laundering and counter-terrorism financing directive, which is set to be included in the agenda of the next G20, will bring some clarity to EU regulators.
Portuguese banks, in turn, confirm that cryptocurrency is regulated at this stage by this European directive (EU). 2015/849) is designed to control legal acts with cryptocurrencies through cooperation and regulation of exchange platforms and crypto-wallets that work with investors in crypto-coins.
It was previously reported that the Portuguese government plans to tax Bitcoin users, despite the fact that the legislation does not even contain the concept of cryptocurrency, and this state of affairs seems to us quite contradictory, but quite symptomatic of the current situation in the markets.
Government. regulators do not understand how they can legitimize something that is essentially decentralized and cannot be subordinated to national jurisdictions, but they are also unable to indifferently watch how the population earns capital, ignoring the state treasury.
The General Directorate for Consumer Affairs of Portugal DECO was created in 1981 and today has a very significant influence in the field of tax regulation in Portugal.
According to http://www.sabado.pt
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