Portugal confirmed NOT a crypto tax haven

If i cashout from wester union,

Soon enough we'll be able to form our own country and buy our own nukes.

>be me
>hold Portuguese citizenship
>planning to go to Portugal to live, never been
>got $500k in crypto in a third world shithole where I regular folk don't pay taxes

I definitely won't be paying tax on money I made before I went to Portugal, do I cash out before moving to Portugal or in the first few days of being there?

>You have no buyer/consumer protections but you are eligible to pay tax??
>You have no regulations in place but you can still get taxed??
Yes that's generally how it works

They tell you not to disclose your gains but then you can get hit with a 28% rape fee on your income tax??
Yes

>they can't do anything. Its not fucking legal.
Enjoy prison

Probably not but it's your risk to take

How can they know if it isn't declared? Besides it's all too uncertain/unclarified as I've seen a response from the Autoridade Tributaria that states bitcoin trading can't enter any of the categories for technical reasons, and it should be declared only if the frequency of trading and obtaining gains is so high that it signifies professional activity. The state probably won't pursue people till it's clearly defined in the law.

THIS

stay poor

>I've seen a response from the Autoridade Tributaria that states bitcoin trading can't enter any of the categories for technical reasons,
Can still go under category B

>and it should be declared only if the frequency of trading and obtaining gains is so high that it signifies professional activity.
Nope, there is no minimum frequency or volume requirements for declaration. You always have to declare

>The state probably won't pursue people till it's clearly defined in the law.
>probably
Good luck with that. They can always pursue you with failure to declare in previous years

well no idea about portugal but e.g. in germany banks have to inform finance authority as soon as suspicious activity happens on any account.

>it's not true because I don't want it to be true
enjoy getting prosecuted by AT

I said this a few days ago in another thread about Germany taxing 50%+.

The government will take a piece of the pie independent of a law being in place or not.
They will just quickly scramble a few words and make you pay retroactives.

I wonder if it's a part of the plan. Taxes and greed preventing big holders from cashing out will ensure crypto stays alive.

According to whitepaper a lot of Bitcoin concepts are based on personal greed and game theory, I wonder if this was a secret one.

statue of limitation in Portugal is 4 years.

also,
>The state probably won't pursue people till it's clearly defined in the law.

they will. get atleast 100k in your bank account and you'll be fucked. they don't fucking care.
READ
depends on the bank

Merda. Sou brasileiro e pretendia me mudar para Portugal com meus pais levando o dinheiro da senpaiília em BTC para não pagar impostos. Eles só cobram os impostos quando você troca BTC -> fiat então?

parece-me que tens que declarar no IRS os teus ganhos no final do ano.
acima de 100k pagas 48% lol

at the end of the year you have to declare it. above 100k€ you pay 48%

Every single trade I'm afraid

taxes and greed preventing big holders?

>what is offshore accounts
big holders do not care, unless you mean

I mean, when there are millions of euros leaving Portugal to offshores, it stays unnoticed. But gaining some thousands of euros and suddenly they will be at our legs? Knowing the portuguese justice, I seriously doubt they will go after people, especially when the law doesn't predict this bitcoin situation. Good luck for them if they try, because they will be dealing with people with enough money to cover law expenses.

buy and hold

You'd get rekt by whales harder than you would by AT

Welp, guess I'm fucked then. Thanks
Not going to cash out until a solution comes up

Actually, while it is still a gray area, you should cash out. Because later the law will be clearly defined and you'll have to pay accordingly.

How do you know that for sure? I've seen an official response letter from the AT in which it clearly states that there is no category in which bitcoin trading can enter. Even a news from Jornal de Negocios states it. How can you be so sure how it works when there are clearly contradictions from the authority?

We're not moving to Portugal yet, though. But I'll probably try, even if we just cash out a little at a time.
Might just go "fuck it" and move to Paraguay lel
It's the most ancap country in south america, just a border away

ALL MOVE TO THE NETHERLANDS < ALSO A FUCKING SHITTY COUNTRY, BUT ONLY 1.67% over 25k+ gains.

Don't you mean "under" 25k? Or are the taxes even lower under 25k? Sound pretty good

EGAS has a 13 mil max coin supply and the price is sub 10cents right now. Even if it turns out to be a scamcoin it will definitely get pumped to $1 before then and that will only put it at 13m market cap.
Take a look@ coinmarketcap.com/currencies/ethgas/

What 3rd world shithole may this be user?

Go to Slovenia and get your crypto converted into real money and transferred on your bank account with 6% fee.

What the fuck, i planned to live there. Is it real? 48% are you kidding?

Everyone here is talking out of their ass.