CoinTaxList

taxes, simplified. Find the most crypto tax friendly country to relocate with our database.

[CoinTaxList @cointaxlist]

https://t.co/zkNthxuR7C is a reliable database on the existing crypto tax overview and tax authorities guidance of 30 countries. We only look at trustworthy and official sources and put it in a handy table to help you DYOR.

[sealaunch intelligence @sealaunch_]

1/
web3 products are exploring protocol incentivised usage (points, referrals, revenue share, affiliates, etc).

An example is @ourZORA Protocol Rewards, launched in last August.

So far, +1400 ETH was distributed to creators, referrals, first minters and Zora itself

🧵
@DuneAnalytics dashboard in the last tweet

[CoinTaxList @cointaxlist]

@DielanBB @nftjorge From the interpretation of the draft law, crypto to crypto transactions don't seem to be included under the scope (since they aren't expressly considered). Regarding NFT's, the definition presented for crypto assets is very broad so it seems they should be considered.

[CoinTaxList @cointaxlist]

cc. @blockworks @bitcoinarchive @decryptmedia

[CoinTaxList @cointaxlist]

Portugal State Budget law proposal foresees the taxation of crypto assets at an individual level at a rate of 28%. Assets held for more than one year are exempt.

State Budget Law will be discussed in parliament during the next 1,5 month and changes enter into place on 2023.

[CoinTaxList @cointaxlist]

Some questions are still not clear such as:
- Are crypto to crypto operations subject to taxation? At a first glance, since they are not explicitly expressed, they may not be included.

[CoinTaxList @cointaxlist]

@_Hugo_Ramos_ @bitcoinarchive No official source of when or how there will be taxation.

Only that the government is looking at it.

Crypto taxation should be expected in any OECD country.

The only question is if the taxation is fair and simple or high and burocratic.

[CoinTaxList @cointaxlist]

@ndiogo @blockworks

[CoinTaxList @cointaxlist]

@KTCrypto_eth Each proposal is voted individually and then the final draft law is the sum of all individual proposals voted. Final draft law is presented Friday. Highly confident that no changes will happen. The government already stated their position

[CoinTaxList @cointaxlist]

BREAKING NEWS:
Portugal parliament rejects the proposal to tax cryptocurrencies

Source: https://t.co/6IBGzbUMTT

CC: @blockworks @bitcoinarchive @BitcoinMagazine @DefiantNews @decryptmedia

[CoinTaxList @cointaxlist]

@KTCrypto_eth Each proposal is voted individually. Final voting is on Friday. No changes should occur that weren’t voted individually.

[CoinTaxList @cointaxlist]

Nevertheless, government is studying a way to regulate crypto currencies in Portugal in all its dimensions (legal, regulatory, tax) that is not negative for the investors that moved to Portugal

[CoinTaxList @cointaxlist]

Two proposals were voted:

1. Creation of a reporting mechanism of digital assets above 5.000 EUR and taxation of digital assets.
2. Taxation of capital gains on digital assets.

Both proposals were denied by the majority of the parliament

[CoinTaxList @cointaxlist]

@levelsio A background story on the flashy news title

[CoinTaxList @cointaxlist]

@levelsio https://t.co/1aOriUCFyZ

[CoinTaxList @cointaxlist]

@blockworks Most left wing party suggested a change to the State Budget under discussion where crypto should be subject to taxation.

Under this discussion, this party pressured the Minister of Finance if this types of income will be subject to taxation.

[CoinTaxList @cointaxlist]

@blockworks Last week a house was sold in Portugal using directly bitcoin as payment

This transactions was done with the regulation that currently exists and some adaptations from the regulators that allowed this.

This should be seen as a positive signal.

https://t.co/pkCQ8VXMpq

[CoinTaxList @cointaxlist]

@blockworks https://t.co/YR6zlhJd0z

[CoinTaxList @cointaxlist]

Portugal should create a friendly tax regime for crypto, what does that mean:

- Fair taxation (not too high, not too low);

- Clarity on the taxation of all types of income (DeFi, NFTs and adaptable to what comes next);

- Simple reporting rules (reporting can't be a nightmare)

[CoinTaxList @cointaxlist]

Doing this and welcoming the industry with a long term vision and Portugal would position better than 99% of the countries worldwide and still comply with EU and other external pressures.

[CoinTaxList @cointaxlist]

Portugal should create a friendly tax regime for crypto, what does that mean:

- Fair taxation (not too high, not too low);

- Clarity on the taxation of all types of income (DeFi, NFTs and adaptable to what comes next);

- Simple reporting rules (reporting can't be a nightmare)

[CoinTaxList @cointaxlist]

https://t.co/V0vN6qLYM3

[CoinTaxList @cointaxlist]

@blockworks Most left wing party suggested a change to the State Budget under discussion where crypto should be subject to taxation.

Under this discussion, this party pressured the Minister of Finance if this types of income will be subject to taxation.

[CoinTaxList @cointaxlist]

This news come out in Portugal last friday. If you want to understand the full story, follow the 🧵 below

[Blockworks @Blockworks]

JUST IN: 🇵🇹 Portugal's Finance Minister plans to tax crypto