Tax guy 🇵🇹

🌟 Portugal just won “Economy of the Year 2025” according to The Economist! 🇵🇹 For the first time ever, Portugal tops the magazine’s annual ranking of the 36 largest advanced economies, overtaking last year’s winner (Spain) and leaving powerhouses like the US, Germany or Japan far behind. What made the difference? ✅ Stronger-than-expected GDP growth (projected 1.9–2.3 %, well above the eurozone average) ✅ One of the lowest inflation rates in Europe ✅ A soaring stock market (PSI-20 among the best performers globally in 2025) ✅ Record tourism numbers and foreign investment ✅ Attractive tax regimes pulling in high-net-worth individuals and digital nomads In the words of The Economist: “Portugal combined solid growth with tame prices and a buoyant stock market better than any other rich country.” From the country that was bailed out little more than a decade ago to the best-performing advanced economy of 2025! 🎉

@_CycleEnjoyor_ That might be considered a security and thats not the "real" asset.

@cryptaxpt How about crypto tokenized gold or silver? E.g. Tether XAUT?

🚨TAX TIP of the day: Hold the real asset! 💎🙌 ❌Capital Gains on a Commodity index are taxed. ✅Capital Gains on physical Gold/Silver are tax free for personal income taxes. ❌Capital Gains on the Bitcoin ETF, are taxed. ✅Holding Capital Gains on physical $BTC for 365 days are tax free.

@diaryinthewest @PlanBpassport You can absolutely offshore housing assets.

@cryptaxpt @PlanBpassport You can’t offshore housing assets and the EU will be perfectly fine ending up owning all of those within a few generations and filling it with Third World voters and scab labour

The European Commission literally just dropped a research on how to collect more taxes without making you angry enough to leave. TLDR: higher wealth taxes, inheritance taxes + exit tax is coming

@DavidovaSamuela Please save us some Georgian wines🍷

@cryptaxpt see you all in Georgia w 0%

🚨Germany's Crypto Tax Shift: A Warning Sign for Portugal's Remaining Exemptions?🇩🇪➡️🇵🇹 🇩🇪Big news from Germany: Vice Chancellor and Finance Minister Lars Klingbeil has confirmed plans to reform the taxation of Bitcoin and cryptocurrencies as part of the 2027 budget. The widely anticipated change is expected to abolish the popular 1-year holding period exemption, which currently allows tax-free gains on crypto held longer than 12 months. This move aims to broaden the state's revenue base and close what policymakers see as a loophole, potentially generating significant additional income alongside efforts to combat financial crime. ⚠️Why does this matter for Portugal? Portugal stands out in Europe with its own 365-day rule: long-term crypto gains (held over 1 year) remain largely tax-exempt (0%), while short-term gains are taxed at a flat 28%. This has helped keep the country attractive for long-term crypto investors, digital nomads, and blockchain professionals even after the 2023 reforms ended the full tax-free era. If Germany successfully removes its 1-year exemption, it could create real pressure on Portugal's regime: 1⃣Competitive dynamics: Harmonization trends across the EU (with ongoing discussions at the European Parliament level) may push more countries toward uniform taxation of crypto gains, regardless of holding period. 2⃣Policy precedent: Seeing a major economy like Germany tighten rules could embolden calls for similar changes in Portugal, especially amid budget pressures or efforts to align further with EU standards. 3⃣Investor migration signals: Crypto capital is highly mobile. Tightening in one jurisdiction often highlights (and stresses) the advantages, or vulnerabilities, of others.

@dacostacrypto So do I:)

@cryptaxpt Good faith, lol. I like that.

⚡️Transaction proof: Screenshots📉🇵🇹 One of the most common questions I've been asked is: "What the Portuguese government accepts as proof for transactions?" The Portuguese government is asking for screenshots, but due to a limited understanding of cryptocurrency transactions, there is no further details on what screenshots. This means you could submit screenshots from crypto tax software, exchanges, or a block explorer. However, you'll need to accompany these with a detailed letter guiding the government on what they're looking at. ⚠️Altering screenshots using AI, or other tools, is illegal, so you should only provide original documents and act in good faith.

@togha11 Heard about that...

@cryptaxpt Meanwhile the Czech Republic;) coindesk.com/policy/2025/02…

@mowbin62497 @wander_investor Go try and tell me I´m lying🤣🤣

@cryptaxpt @wander_investor Hahahahah

Outrageously low prices for drinks in Lisbon. Cheaper than in Eastern Europe, Latam and most of Asia

@Assane__ndoye The real question is: Did the customer leave a tip?

Après avoir installé le « filet de protection pour enfants » sur le balcon au 28e étage, l'ouvrier démontre au client la solidité du filet

🚨 Big Shifts Ahead: Is a Harmonized EU Crypto Tax on the Horizon? 🇪🇺🪙 The European Parliament is signaling a major shift in how digital assets are treated across the bloc. Based on recent legislative discussions (specifically referencing TA-10-2026-0111), there is a growing push to move away from national tax laws toward a more unified EU framework for crypto capital gains. Here are the key takeaways from the proposal (specifically Section 123): 🔹 Ending Tax Arbitrage: Currently, a crypto investor in Germany might face different rules than one in Portugal or Italy. The EU aims to level the playing field to prevent "tax shopping" between member states. 🔹 Fair & Efficient Collection: The focus is on creating a streamlined system that ensures capital gains from crypto-assets are taxed effectively, providing much-needed revenue for national budgets while ensuring fairness compared to traditional financial instruments. 🔹 Cross-Border Cooperation: Expect increased transparency. The proposal emphasizes better administrative cooperation and data sharing to ensure that digital wealth doesn’t stay "under the radar." 🔹 Support for Innovation: While the goal is taxation, the Parliament acknowledges the need to remain competitive. The challenge lies in building a tax regime that is robust but doesn't stifle the burgeoning European Web3 ecosystem. Source: europarl.europa.eu/doceo/document… 🙏Special thanks to @kanmihalli for bringing it up!

@CorPaolo Lets see, we just need to prepare a plan B.

@cryptaxpt They will mandate a tax range from 20% to 30% Forget 0% tax

@grandalfxbt @TimHaldorsson 👊

@cryptaxpt @TimHaldorsson Lisbon sucks, Almada goated

out touching grass with my dog in Alcanatara, Lisbon 🇵🇹 taking some time away from the screens and getting ready for another intensive week in the AI world. what have you done this weekend?

@TimHaldorsson You can go there for a walk with dogs for sure, but the place where people sit down might be very crowded.

@cryptaxpt Good for dogs?

@DIELAN_B @basedBPDqueen Ofc. A plan B

@basedBPDqueen @cryptaxpt Should already be planning

@basedBPDqueen I don’t think this will be approved on a European level. I think Portugal will create more clarity around the crypto laws, but I think it’s unlikely to drastically change.

@cryptaxpt How long would you say that we have until we need to leave Portugal?

@BullBoss5 I think they will realise this is a mistake before that…

@cryptaxpt We all know how this will end. They'll tax us to hell and the richest will leave.

@0xCyberbeggar Inflation on itself is enough theft.

@cryptaxpt Harmonizing, sweet term for "more theft" They won’t harmonize it to lowest tax rates like eastern EU or Portugal But probably 36%

@40cardinal40 Signs of bankruptcy😉

@cryptaxpt Tax cartel.