ETX

Comic book freak and Crypto enthusiastic

[Tax guy 🇵🇹 @cryptaxpt]

🇵🇹 Portugal: AT binding opinion regarding Crypto-to-Stablecoin Swaps🫴

Binding tax ruling (Processo 28969) from the Portuguese Tax Authority (AT), has clarified the tax treatment for investors using stablecoins as a technical bridge to cash out.

If you’ve ever had to swap a token for USDC or USDT simply because there wasn't a direct Euro (EUR) trading pair, this update is for you🫵

🔍 The Key Takeaways:
1⃣No Tax on Crypto-to-Crypto Swaps: The AT confirmed that swapping one cryptoasset for another (including stablecoins like USDC) is not a taxable event. The tax liability is deferred until you convert to fiat currency (like EUR).

2⃣The 365-Day Rule Remains Strong: Capital gains from crypto held for 365 days or more are exempt from IRS (Personal Income Tax).

3⃣Technical Swaps Don't Reset the Clock: If you hold a token for over a year and perform an immediate "technical swap" to a stablecoin just to facilitate a final sale to EUR, the exemption still applies. The AT views this as a single continuous process of realization.

4⃣A Caveat on Jurisdiction: ⚠️This deferral and exemption only apply if the entities involved (like the exchange) are resident in the EU, EEA, or a jurisdiction with a tax information exchange agreement with Portugal.

💡 Why This Matters
This ruling reinforces Portugal's "Realized Gains" principle. It acknowledges the technical realities of the crypto market, where direct fiat pairs aren't always available, ensuring that investors aren't unfairly penalized for the lack of market liquidity.

The Bottom Line: If you've held your assets for over a year, you can navigate through a stablecoin to reach EUR without losing your tax-exempt status, provided the move is immediate and technical.

✉️ If you want to have a copy of this binding opinion. Please drop me your email, as X does not support PDF.

[ETX @cryptoetx]

Imagine gold falls over 50% overnight 🤔

[ETX @cryptoetx]

@WesVeve I never got into VeVe because of Omi.
Honestly speaking i was against Omi being connected to VeVe until they made everyone cash out only in Omi.
I joined VeVe for the digital comics, not even the collectibles.
Of course i have some collectibles that i like to have.

[ETX @cryptoetx]

The day that China invades Taiwan, will be the trigger of the biggest economic crisis that everyone will see in their lifetime.

[RussiaNews 🇷🇺 @mog_russEN]

🚨⚡️A strange festival in Indonesia.

If you capture a young man from the village, you can do whatever you want to him for one day.

[I Meme Therefore I Am 🇺🇸 @ImMeme0]

🚨BREAKING: The EU agrees to EXEMPT Poland from migrant-relocation obligations starting in 2026 🇪🇺🇵🇱

The EU migration pact allows member states to either accept relocated migrants from frontline countries or pay EUR 20,000 for each individual they decline to take.

Interior Minister Marcin Kierwiński: “We achieved what we promised — no refugees, no compensation.”

Polish citizens have rejected the influx of refugees and the illegal migration policies imposed by the overreaching EU. Citizens across Europe should likewise challenge the EU and its unlawful migration agenda.

BE LIKE POLAND!🇵🇱

[Elon Musk @elonmusk]

The EU Commission should be disbanded in favor of an elected body and the EU President should be directly elected.

The current system is rule by bureaucracy, not democracy.

[Massimo @Rainmaker1973]

Some kids were throwing snowballs at the window of a bus, and this is what the driver did.

[ETX @cryptoetx]

@WesVeve How can you still share and give attention to this guy? I believe you're smarter than that 😅😉

[naiive @naiivememe]

Crypto Guys problem in 2027

[ETX @cryptoetx]

Where's this girl now 🤔😄

[Metal Pay @metalpaysme]

She was ahead of her time.

Do you think she's still holding?

[ETX @cryptoetx]

@WesVeve Stop doing drugs dude.

[ETX @cryptoetx]

@CrypJoto @DGCgrading @veve_official Looks that you're better informed than the majority.
Explain to me and others what's the criteria, due to the collectibles don't wear off and how you will transform a nft into other nft? Are you allowed to burn them.
This project is a flop even before launching.

[ETX @cryptoetx]

@Stynray01 @DGCgrading @CrypJoto They're bs project.
How you can grade collectibles that doesn't wear off.
Stinks scam from the other side of the Atlantic 🤦🏽‍♂️

[ETX @cryptoetx]

@thekidarcade Are not all digital collectibles grade 10 at veve?
This project stinks scam.

[ETX @cryptoetx]

@Mrcryptoxwhale 'done'.

[𝐏𝐇𝐎𝐄𝐍𝐈𝐗🐦‍🔥𝐃𝐑𝐀𝐆𝐎𝐍 @XPHOENIXDRAGON]

NEVER drink carbonated beverages with a meal and HERE IS WHY❓️

[ETX @cryptoetx]

@WesVeve How a channel that can't reach 1k views per video can be worth 1M$?!?!

[ETX @cryptoetx]

@s0undmoney @VeveInsights That clearly shows his skills.
I don't understand how people can still give attention to this dude.

[Ash Crypto @AshCrypto]

BREAKING: 🇺🇸 NASDAQ FILES WITH U.S. SEC TO ENABLE TRADING OF STOCKS IN TOKENIZED FORM.

THIS IS ABSOLUTELY MASSIVE 🚀