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No tax levied for cryptocurrency trading and payments in Portugal

No tax levied for cryptocurrency trading and payments in Portugal

Crypto transactions and payments are exempt from Value Added Tax (VAT). Users don’t have to pay any income tax for income generated from the sale of crypto. Jornal de Negócios – a Portuguese business newspaper – reported that the country’s Tax and Customs Authority had exempted crypto transactions and payments from Value Added Tax (VAT).








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