Portugal prepares tax regime for cryptocurrencies

Portugal is going to create a tax regime for cryptocurrencies that eliminates the legal void that currently exists, which would be “fair”, but without harm Competition To attract this type of investment.

“The intention of the government is to make a law on this matter. We will not maintain zero position on taxation”, assured the Finance Minister today, ferdinand medinaAt a meeting with foreign correspondents in Lisbon.

Competition

Medina clarified that the new regime will take into account the “question” justicethat it be done in equitable and proportionate terms”, but it would also retain “a concern for international competition”.

“Portugal shall adopt a regime that is effective and fair and which is within best practices from the point of view of International and the competitive position of the country”, he insisted.

currently not fixed time frame As for presenting the measure: “This will be the fastest we can get it,” the minister said.

from finance They are analyzing experience in other countries to prepare their proposal, but “this is a relatively new field, with only a few years of experience and results,” Medina recalled.

Portugal is one of the few European countries where cryptocurrency transactions are not taxed, unlike others. Spain hey France,

The Portuguese country has attracted international interest in this type of investment and is the first country in Europe to register a domestic sales transaction with bitcoin,