Money with Manny 🇵🇹

Funciona 🤟🏻

🚨My Experience with Crypto-Related Audits in Portugal So Far🇵🇹 Most people are terrified of receiving a “divergência” (audit notification) from the Portuguese tax authorities (AT). The fear usually doesn’t come from having done something wrong, but from not knowing exactly what documentation they’ll need to provide. What if I told you that, in reality, these audits are often not as bad as people fear? From what I’ve seen, many of these audits seem driven more by curiosity and the government’s desire to better understand the crypto ecosystem than by an aggressive hunt to “catch” taxpayers. Here’s what I’ve learned so far: 1⃣There are no specialized crypto auditors If you get audited by the AT, you’ll be handled by the regular tax services team for your area. This usually means the person assigned to your case is not a crypto expert, quite the opposite. It’s often someone who may have only recently heard about Bitcoin. 2⃣They follow standard procedures They typically ask for the same documents they would request in any other audit (screenshots, transaction history, etc.). With all due respect, it often feels like they don’t fully understand what they’re looking at. It doesn’t seem like they’ve received any specific training on crypto yet. 3⃣Many audits are triggered by missing activity codes A large portion of crypto-related divergences happen simply because the Portuguese government still hasn’t created specific tax codes for crypto activities. People get flagged because the system doesn’t know how to categorize the transactions. 4⃣Most responses go unanswered In many cases, after you submit your response and documentation, you hear nothing back from the AT. I’ve had crypto audits that I replied to more than two years ago and they’re still listed as “open” with no further feedback.

Well...quem não arrisca, não petisca

>I called out a manager during an interview for that when he started questioning me. >It was an entry level HR position and he said he had concerns on the lack of civilian experience in HR that I had (I was in the army for 18 years and have a degree in human resource management and have pretty much every certificate needed for the field). >I said instead of putting entry level maybe you should take it out of the job description.

🎬What is the difference between AT’s binding opinions and the Portuguese income tax law?👨🏻‍⚖️ Liking and subscribing are absolutely free and much appreciated!! 🙏 x.com/cryptaxpt @cryptaxpt" target="_blank" rel="nofollow noopener">tiktok.com/@cryptaxpt @cryptaxpt" target="_blank" rel="nofollow noopener">youtube.com/@cryptaxpt

If someone, 4 years ago, would have asked me: “Do you think you will ever receive fan mail as a crypto tax specialist.” I would laugh at him so hard!😂 Super grateful! They will get a nice place in my home office 💻

@cryptaxpt @TrendingBitcoin Same old, same old. It's as old as X ( Twitter) itself

@TrendingBitcoin This is becoming a "Meme". Engagement farming by repeating that the Portuguese 1 year holding rule is "NEW".

🇵🇹 PORTUGAL NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN HELD FOR OVER 1 YEAR 🚀

🚨If you haven't found a crypto tax professional yet, now is the time to start looking for one! 👀🇵🇹 ❌This isn't self-promotion, I'm genuinely urging everyone to get prepared. In 2027, Portuguese authorities will start receiving detailed information about your exchange activity through DAC8 (the EU's crypto reporting directive, which builds on MiCA). Exchanges and crypto service providers will report data on your transactions starting from 2026 onward, with the first automatic exchanges of information between EU tax authorities occurring by September 30, 2027 (for the 2026 reporting year). This means they'll know exactly how much you've sold, the proceeds, and even how long you've held assets on those platforms. I know that, percentage-wise, very few people currently declare their crypto capital gains. I spoke with a friend who works for the tax authorities, and he told me they're already gearing up to process this incoming data. If they don't comply and handle it properly, they could face fines from the European Union. My personal expectation is that, just like with undeclared dividends or interest income, the government will likely send emails to people asking: "Why haven't these capital gains been declared in your tax return?" So, keep a close eye on your inbox, especially now that the Autoridade Tributária (AT) has shifted from physical mail to mostly digital communication.

@BlockExtreme @cryptaxpt Im not sure on the protection from LLC's side but I can definitely help you with LDA's. My DMS are open

@cryptaxptpt @cryptaxpt Can you benefit from LDAs the same protection you mentioned as LLCs?

💸You've probably heard the phrase floating around in wealth circles: “Own nothing. Control everything.” It's a time-tested principle used by ultra-high-net-worth families (think Rockefeller-era strategies still in use today) and sophisticated business owners to protect wealth across generations. The core idea is simple: ❌ Personal ownership = personal exposure → Lawsuits, creditors, divorce claims, excessive taxation, probate headaches ✅Strategic control = protection + flexibility → Assets live in properly structured entities (trusts, LLCs, holding companies, irrevocable structures) while you retain decision-making power, benefit streams, and economic enjoyment. It is even possible to borrow to yourself and pay interest to yourself🙂 Common legitimate implementations include: 🔸Real estate held in LLCs (with layered holding entities in some jurisdictions) 🔸Investment portfolios in irrevocable trusts or private foundations 🔸Business interests governed via voting / non-voting shares or trusteed structures The result? Assets become dramatically harder to reach in personal legal or financial attacks, while you continue to enjoy income, use, and growth. How about crypto? Yes, crypto is tax free in Portugal, if you hold the asset for longer than 365-days, but the ultra wealthy don´t want to hold it personal. They don´t want to report over 1 million in tax free capital gains to the government due to privacy matters, therefor they choose one of the above structures. Done correctly, “own nothing, control everything” isn't about looking broke, it's about building bulletproof wealth architecture so you can take intelligent risks, scale faster, and sleep better at night. ⚠️Disclaimer: This post is for education purposes only. I personally do not provide these services, but I have partners who do. If you are interested in knowing more, feel free to reach out ✉️

@BlockExtreme @cryptaxpt While not exactly the same, the best comparison would be a Sociedade Por Quotas (LDA) which you can open in Portugal by yourself.

@cryptaxpt What are LLCs called in Portugal?

@cryptaxptpt Thanks for all the editing work man! Shout out to you!

Pursue your mountains.

>good character design >good animation >soundtrack fits the scene >Biblically accurate number of fingers on Goliath's hands >no subversive bullshit or breaking down David's character >no pointless humor because the writer felt awkward about composing the scene A movie about the Bible is taking fat shit on Disney and Pixar. The vibe shift is real.

💡What triggers the taxable event or your crypto assets?🤔 ✅What needs to be reported: 1⃣Selling your crypto assets for fiat currency, such as Euros, Dollars, or other fiat currencies. 2⃣Using your crypto assets to purchase real-world goods or services. For example, if you bought a house or car with crypto assets that weren’t borrowed, you need to report this. 3⃣Using a crypto debit card. When you use a crypto debit card, the provider isn’t responsible for capital gains taxes, you are🫵 ❌What doesn’t need to be reported: 1⃣Holding crypto in cold storage or on a regulated exchange. 2⃣Selling crypto that was part of a loan you opened and are obligated to repay. 3⃣Crypto-to-crypto transactions. ❓If you have any questions, feel free to drop them in the comments below so others can benefit from the discussion

🚨This is one of those cases that reminds me why I love what I do: helping people avoid (or fix) massive tax headaches. A client contacted me in a panic: the Portuguese tax authorities (Autoridade Tributária e Aduaneira — AT) were demanding €175,000 in capital gains tax (mais-valias) on the sale of his apartment in Portugal back in 2021. He had fully reinvested the proceeds into buying a new primary residence in another EU country in 2022, which should have qualified for the full exemption under Portuguese tax rules. He had trusted his local registered accountant to handle everything correctly. The accountant even emailed him confirming that the taxes were "all dealt with." Fast-forward four years: a sudden tax assessment arrives, with payment due in just 15 days. €175k staring him in the face. The accountant? Completely unreachable. Radio silence. The issue boiled down to a critical oversight: the reinvestment itself was not properly declared in the 2022 IRS return. Portuguese rules require you to: Declare the actual reinvestment (typically in the return covering the year the reinvestment occurs, or via replacement declarations if needed). ❌Without that proper declaration and proof, the AT treats the gain as fully taxable, no exemption applied, even though the reinvestment happened. ✅The good news: After we stepped in, prepared the correct replacement/substitute declaration with all supporting evidence (sale docs, purchase docs from the new EU home, proof of primary residence use, timelines, etc.), the AT was surprisingly collaborative. They accepted the corrected filing quickly and confirmed before the tight deadline that the €175,000 bill was canceled, zero tax due! ⚠️Key takeaway for anyone selling a primary residence in Portugal and reinvesting (especially if moving elsewhere in the EU/EEA):

🎬I've just recorded 6 new videos! They'll be dropping gradually over the coming weeks so stay tuned! Here's a quick overview of the topics covered: 1⃣No major changes to Portuguese crypto income taxes, but important updates on European reporting requirements (think DAC8/CARF kicking in from 2026, with exchanges sharing more data with tax authorities). 2⃣The interplay between the Personal Income Tax Code (Código do IRS) and binding government opinions (informações vinculativas). 3⃣All the different ways to trigger a taxable event in crypto. 4⃣Donation taxes (stamp duty implications) versus income taxes when dealing with crypto gifts or transfers. 5⃣Practical ways to leverage AI for handling tax-related questions and staying on top of complex crypto scenarios. 6⃣Step-by-step guide on preparing your crypto income taxes ahead of the IRS 2025 declaration (filing for 2025 income).

🗞️Crypto & Taxes Portugal Q4 2025 Newsletter: No crypto income tax changes in Portugal for 2026!🥳 1⃣ Time to celebrate: No changes to crypto income tax rates in Portugal for 2026! 2⃣Key highlights from 2025 3⃣3 Tips for preparing your 2025 IRS declaration if you want to receive the newsletter in your e-mail, please PM me.

At the Base Founders Afterwork in Lisbon to learn something new 👀

STOP ASKING CHATGPT THINGS YOU CAN GOOGLE (index culture) STOP GOOGLING THINGS YOU CAN LEARN FROM THE TV (spectacle culture) STOP WATCHING TV FOR THINGS YOU CAN READ IN BOOKS (literate culture) STOP READING BOOKS ABOUT THINGS YOU CAN HEAR FROM THE TOWN BARD (oral culture) STOP LISTENING TO THE TOWN BARD ABOUT THINGS YOU CAN PERCEIVE DIRECTLY (embodied culture)

🔥4 valuable lessons from lawyers In my circle, I spend a lot of time with lawyers. Sometimes it feels intimidating, but more often than not, it’s incredibly valuable. Their mindset is just completely different from someone who, like me, studied accounting and lives in the world of numbers. Fun fact: I originally wanted to study law at university because I’m extremely curious by nature. But dyslexia made that tough. Reading takes me a lot longer than most people. A book you might finish in a week could easily take me a month. That’s ultimately why I ended up studying “numbers” instead. Anyway, here’s what I actually wanted to share: 4 key lessons I’ve picked up from hanging out with lawyers. 1⃣Never say more than you need to. Extra information just invites more questions. Stick to answering only what’s asked. 2⃣The law is often open to interpretation. The same rule or text can mean different things to different people, and reasonable, intelligent professionals can genuinely disagree on what it requires. 3⃣A legally binding opinion issued by the state (or a court) is binding only in that specific case. We often treat such opinions as if they establish the law broadly, but that’s not always accurate. A binding ruling in one case doesn’t automatically mean the state or court would reach the same conclusion in a different case with different facts. It remains an interpretation of the law by the government or judiciary. Useful guidance, but not equivalent to the law itself. 4⃣Your network is your net worth Connections open doors that stay locked for others. Not everyone has equal access. Some people have more “keys” because they own more properties, cars, or opportunities. Is that unfair? Maybe, but it’s reality. 5⃣What you write matters more than what you say. Anything in writing can be held against you later. Spoken words are fleeting (with the exception of recorded calls). I’ve noticed that professionals often speak casually and confidently off the record, but the moment you ask them to put something in writing, the tone and details can shift dramatically. If you really want certainty, get it in writing, even if it costs extra.

The EU Approved Chat Spying?