Tax guy 🇵🇹
@cryptaxpt
Followers
3,448
Following
850
Media
1,070
Statuses
7,030
⚖️ Crypto & Taxes Degen-to-Degen since 2017🇵🇹 ❌Not offering legal or financial advice | *featured on @coinbureau , @KoinlyOfficial | Finance @tedcrypto_ 🐻 ,
Lisbon
Joined April 2020
Don't wanna be here?
Send us removal request.
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Pinned Tweet
Centre-right won🏆! 🇵🇹
This is good for crypto regulation!
"AD"(winner 🏆) Expending the scope of current regulations, creating a digital entrepreneurship talent hub and having Portugal in the top 10 "digital advancer countries" en the EU
"PS"(nr 2⃣) Implement a Web3
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@Duck_Outa_Cluck
@AmericaFlrst1
@DailyLoud
It seems to be real but the elephant is forced and punished if he does not draw.
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If you cashed out your crypto...
and haven´t been flagged🚩
⚠️You are not there just yet👀
🇵🇹 has a rule Manifestação de fortuna, translated "Manifestation of fortune".
This means the government can ask you for an explanation of funds, if you make one of the following
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Been living here almost 10 years.
These sunsets will never get boring 🌅
📍Almada 🇵🇹
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HAPPY 25th of APRIL🌺 🇵🇹
Portugal marks 50 years of freedom from dictatorship 🎆
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@Alphafox78
@JebraFaushay
Same counts for a bodybuilder. If you choose to be that size, pay for that size!
Im tall myself 6.3. I did not choose that, but I still have to pay for my own extra leg space.
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@Blockworks_
The hurricane is already fully destroying some countries. Sri Lanka and Turkey. Western worlds have some insurance but we will soon feel the hurricane coming closer.
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Crypto Mondays Lisbon 🇵🇹
If you choose Portugal as your base, Lisbon is the place with the biggest crypto community🙌
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Choose sun☀️
Portugal has a great Proof-of-Sun consensus mechanism.
If you stake with Portugal you will get paid VitaminD every second🇵🇹
Absolutely TAX FREE🙌
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GM - Bom dia🫐
This is one of the reasons I moved to Portugal 🇵🇹
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🎬 Yesterday, I had a great chat with
@vhictorry
about crypto in
#nigeria
. She will also talk about
@0xpontys
, the
@coursera
of
#Web3
. The video will be released Sunday. Stay tuned!
If you want to be interviewed, send me a PM🗣
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@BasheerTK_
@PicturesFoIder
Well with her attitude I would also not tip her. There is hard working people that deserve it more. Does she really need to tip driving a Tesla Model Y?
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IRS crypto taxation in Portugal 2024 eBook finally finished!📕🙌
I think the editor has outdone himself with the cover!!
⚡️WHATS NEW?
Few updates, more examples, more practical terms👀
FREE for people who bought the 2023 version.
Please email me and attach the 2023 copy or a
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GM☕️
The most common question I receive is regarding the 365 tax-free Capital Gain (category G) holding period.
Quoted from my new "not yet released" eBook:
There is 3 ways to look at the 365-day-rule set by the Portuguese government🇵🇹
1⃣The government only takes in
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GM 🪙
🔥 This one is for the diversifiers!!
In Portugal there is NO capital gains taxes on gold bars and gold coins 💰
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⚡️8 reasons why I am bullish on Portugal for digital nomads in Web3 🇵🇹🚀
1⃣Loads of sun and vitamine D🌞
2⃣Great food! Never heard anyone complaining about Portuguese food 🍲
3⃣Great direct flights to US, UAE and etc.✈️
4⃣High level English speakers. The Portuguese are great at
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Just spoke to a Turkish company that wants to start a crypto city in Portugal🇵🇹 called "Lidia", for 30.000 residents. Crypto will be accepted everywhere!
Would you move there?
Exact location is still unknown.
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GM ☀️
0.1 $SOL for this🙌
📍Oficina da Carne, Cacilhas 🇵🇹
The friendly waiter is included in the price!
🔥 PRO TIP: Reserve online for the 30% discount🤫
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We did it! 👏🏻
We passed 3.000 followers🙂
Glad you find our content helpful! 🙏
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It was a new experience to speak on stage at LISBON BLOCKCHAIN CONFERENCE 4.0 hosted
@NovaSBE
It’s great to hear lawyers passionate about blockchain technology📚
I was impressed that the whole conference was organised by students😱
I’m super bullish on Portugal 🇵🇹 🚀
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Been overloaded with work and colabs for the past 2 months…
BUTTT…
Recorded 4 new videos today!🎬
Because you guys🫵🏽 keep telling me that you find lots of value in my videos🙏
Topics:
- Off-ramping and tax paradises 🏝️
- Tips on calculating your Capital Gain
- Crypto tax
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🐻 Bear Market TAX TIP 💡
(Save and share this one)🙌
Imagine you buy $BTC at €120.000 this year(2024). A few months later your $BTC is worth €60.000.
On paper you made a 50% loss, €60.000✍🏻
Now you SELL your $BTC and BUY back at the same price.
This means for 2024
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⚡️ TAX FREE crypto creditcard NEXO 💳
❌I have no affiliation with
@Nexo
. Other crypto credit cards work in the same way😉
If you like this FREE content, please subscribe to our socials ✍🏻 :
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⏰7 years ago…
I walked into
@TheBlockLisboa
to learn more about crypto. It was the first physical crypto meetup space in Lisbon🇵🇹
Now, 7 years later, hosting my own event at the place where my crypto journey started, with all seats filled.
Memorable night🙏
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Win for Portugal🏆🇵🇹
While Portuguese is the
#9
most spoken language in the world. The Portuguese are extremely proficient in the English language🏴
From all the south European countries, Portugal is the BEST in English language proficiency🏆
This is one of the reasons
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⚠️IMPORTANT INFO🇵🇹
The Portuguese government also requests you to file crypto capital gains which you sold and held longer than 365 days in IRS 2023.
Sharing is caring🙏
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GM ☀️ from 📍 Costa da Caparica 🇵🇹
Today I felt like getting one of those “hipster coffee’s”.
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@fasc1nate
How does the process work of turning into stone? I thought only Medusa could do this.
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Wash-trading is legal in Portugal 🇵🇹
Example:
1⃣You buy $BTC at the top for €100k.
2⃣Your $BTC drops to €50k.
3⃣You sell for €50k, book the loss of €50k and buy back.
4⃣You hold the newly bought $BTC for 365 days.
✅Now you realised a 50k loss and TAX FREE(365) capital
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In my last 2 MONTHS, I made an annual Portuguese wage in $ATOM airdrops!! 👀 🇵🇹
Here is how ⬇️
1️⃣ Buy and stake the following:
• >$250 $ATOM
• >$250 $OSMO
• >$250 $TIA
• >$250 $KUJI
• >$250 $INJ
🚨 Don’t stake with CEX validators ‼️
2️⃣ Stake through
@tedcrypto_
and
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And we are live!🔥🔝
Thank you
@coinbureau
, for inviting us (me &
@daniella_defi
) to write an article about Crypto & Taxes Portugal on your page.
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Working on the best foreign company structure to pay the least income tax in Portugal 🇵🇹
Stay tuned 👀
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The low class wants to tax the high class🤑
When you tax the high class, they invest less or simply leave to places like Dubai. They might take the jobs they provided with them.
Let’s hope the new Portuguese government understands that 🇵🇹
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CRYPTO TAX TIP PORTUGAL💡🇵🇹
When you off-ramp (CRYPTO➡️FIAT), choose an exchange that is not registered in a tax paradise🏖️
BOOKMARK this one🔖
Income in the form of Capital Gains or Capital Income coming from tax paradises might be taxed for 35%!!
So before you cash out,
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💡 What triggers a taxable event in Portugal?🤔
1️⃣ Selling for FIAT
2️⃣ Spending crypto incl debit cards
3️⃣ Receiving crypto as a payment
If you like this FREE content, please subscribe to our socials ✍🏻 :
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I will not stop working until every single crypto holder in Portugal is my client 🇵🇹
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Selling your crypto is the hardest part of being in crypto.
Do you agree?
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@incalstory
That dude was actually my favourite character of the whole episode. An absolute CHAD, no simping.
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Portuguese version of "Crypto IRS 2024 Portugal guide" is coming 🇵🇹👀
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⚡️Today is the day!
Presentation finished✅
Included:
- Portuguese income categories;
- 365-day rule explained
- Crypto Debit vs Credit card
- Staking rewards with FIFO
- Selling initial investment
- Crypto Tax software (+ discounts)
@cryptaxptpt
will talk about crypto real
Next week, on May 9th we will have the presence of Thomas Maas,
@cryptaxpt
for answering wuestions about Taxes here in Portugal!
This is the moment for IRS, so the perfect moment for understanding the best practices!
JOIN US!
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Explaining crypto to someone now, is like explaining someone in the 1950's that in the future we no longer have a gold standard and nearly all transactions happen digitally with the use of a debit/credit card made out of plastic 🤨.
@TheCryptoLark
@MMCrypto
@PrestonPysh
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⚡️ Exited to share that I´m working on a Crypto & Taxes AI agent. which will be available 24-7 for your questions🤖
AI will eventually be better at doing what I do.
Goals:
1⃣It will be directly able to forward you to sources provided by the Portuguese government institutions.
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I created a ChatGPT version of my eBook. Basically you can ask it all questions related to Crypto & Taxes in Portugal. It will answer the way I will answer.
Soon it will be available in the
@OpenAI
app store. The AI will come free if you purchase my eBook👀
I am really amazed
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As the state was actually to late to come up with crypto activity codes in Portugal🇵🇹
You can now basically declare your DeFi rewards in the form of an "Acto Isolado" instead of reporting it at the moment you cash out.
I can recommend you to make an overview on Excel and figure
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@mimicracyy
@introvertsmemes
The question is, do you need more. I think with $5k per week you have an amazing life in Portugal. You can still save and invest if you wish.
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GM ☀️
In school, we learn that having debt is bad ❌
This while the most billionaires are using their assets to get debt. Why is that?🤔
That’s because selling your assets is a taxable event in which you pay Capital Gain tax, while getting a debt is not.
Depending on the
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The Portuguese government is launching their first NFT collection through their mailorder company CTT.📫✉️
The 40.000 digital "stamp"
#NFT
´s are the first legal digital stamps in Portugal.🖼
Bora!🇵🇹
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HAPPY BIRTHDAY
@Cryptocito
🥳
To the nicest guy in crypto and one of the worst FIFA players 🎮 (just kidding)🤣
Have a great day with lots of sisha!🕌
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⚡️Living on your staking rewards TAX FREE based on FIFO🏝️🇵🇹
Example:
1⃣On 1/1/2024 you buy 100 $ETH
2⃣On 1/1/2024 you stake those 100 $ETH
3⃣On 31/12/2024 you have 106 $ETH 6 $ETH as staking rewards (6% return)
4⃣ On 1/1/2025 you decide to live of your staking rewards. You take
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I’m that boring friend, that likes to talk about taxes and doesn’t drink alcohol 🤓
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⬅️Before I was introduced to crypto, I looked up to people wearing suits.
➡️After I got introduced to crypto, I look up to people wearing basic t-shirts and have a 7-figure crypto portfolio.
Did you experience the same?🤔
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🎉 Exciting News! 🎉
Thank you, amazing X frens! 🙌
Almost at 2.500 followers! 🚀
To celebrate this milestone, I´ll give away 1 copy of my eBook to a lucky winner! 📚✨
🎁 GIVEAWAY DETAILS:
Prize: A FREE copy of our eBook! (40 copies sold)
Duration: 24-hours
How to
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I am not against paying my taxes and paying my contributions for living in this safe country🇵🇹
I am against not knowing where my hard earned tax payments are going😕
I little more transparency would help💪
What I like about Portuguese IRS, is that you can donate 0,5% of your
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As of 2023, Capital Gains > €75.000 and helt less than 365 days. are taxed 48% ⚠️ 🇵🇹
PRO TIP 👀
Hold your Capital Gains in stablecoins for 365 days, before you off-ramp.
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💡TIP for people with NHR
If you are planning to earn interest on your stable coin, make sure the exchange is located in another country.
When you cash out these interest rewards, they are tax FREE in Portugal, which gives the country of origin the right to tax them.
This
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Tonight I was at a meet-up about Web3 regulation in Portugal. 🗣️
A professor from Católica university stated:
"Don't expect disruptive ideas from non-disruptive people."
This one stuck with me🤔
I think our expectations from the EU and Portuguese regulators are to high.
We
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GM ☕️
Next Thursday I’ll be speaking at
@TheBlockLisboa
🗣️
I’ll be speaking about:
- The 365-day TAX-FREE capital gains
- Crypto Debit vs Credit card 💳
- Crypto tax software providers, included 20% off discount codes🙂
- Q&A
@cryptaxptpt
will also be talking about some
Next week, on May 9th we will have the presence of Thomas Maas,
@cryptaxpt
for answering wuestions about Taxes here in Portugal!
This is the moment for IRS, so the perfect moment for understanding the best practices!
JOIN US!
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Some numbers of Crypto & Taxes Portugal:
1️⃣ 50+ copies of the Ebook sold 📕
2️⃣ 200+ readers of the quarterly newsletter 🤓
3️⃣ Helped 45+ people moving to Portugal
4️⃣ Saved €2.000.000+ in taxes
5️⃣ Growth on Social Media 20%+ per month
We won’t stop until every single crypto
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Through Spaces, I have learned that some of the Crypto influences focus so much on influencing that they are actually lacking fundamental knowledge about crypto and economics.
Conclusion, someone with 25k followers does not have to be smarter than someone with 100 followers.
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GM
As a 🇳🇱 living in🇵🇹, I can confirm.
Hospitality in Portugal does not have limits🙌
I´m a Portugal shiller, deal with it.
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Portugal is planning to charge VAT (23%) on cashed out DeFi rewards. 😱😨
Except staking rewards of newly minted tokens or interest payments.
This will push so many private individuals away 🧳
The only way to make sure that this does not happen is if DeFi rewards will be
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COSMOS🫶
Bought $ATOM
Staked $ATOM for $TIA airdrop
Staked $TIA for $DYM airdrop
Staked $DYM for $NIM airdrop
Stake $NIM for…
I’m not smart. I’m just lucky to have met some $ATOM OG’s early.
(You know who you are)👌
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⚡️NFT taxation in Portugal🇵🇹
The Portuguese government has described NFT´s the following:
"NFTs, short for non-fungible tokens, represent digital assets that encapsulate both tangible goods and intangibles, such as artworks, music, video game items, and real estate. These
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Yesterday a friend told me they are developing real estate condo's in Comporta, Setubal with a price tag of €40.000.000!!😳🇵🇹
How? This is Portugal, where minimum wages are still €830,- per month...
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Help X frens 😟
My brother got scammed out of his $ETH by someone who acted as customer service for
@MXCfoundation
I was able to trace his transaction until he moved them to the
@binance
14 Hot Wallet.
The scammers wallet: 0x8B9e6E39976a49Bb012356b59AE30ddA3d6eee1c
My
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Has anyone noticed that there are more and more luxury and electric new cars on the road in Lisbon?🚗🤔
I thought this meant that the economy is crushing it…
But actually the opposite is true😕
Real estate prices have risen so much, that locals gave up on owning real estate.
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💡 TAX TIP:
If you are holding an NFT trading on a loss, HODL it until NFT’s become regulated🤓
If you sell it now, you can’t deduct the loss, if you sell it when NFT’s become regulated, you can deduct the capital loss🤙
Follow me for me Crypto & Tax tips ✍🏻
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GM ☕️
If you are new in Lisbon and look for crypto communities to join, these are the communities:
@TheBlockLisboa
@chilibangs
@basedinlisbon
@offchainglobal
@PoolsideCo
@icphub_PT
@AlgoPortugal
@Oneportugaldao
Crypto Mondays
If I have missed any please comment
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I´m not offering B2B or B2C services.
I offer D2D services Degen-2-Degen.
This is my USP.
Drop the 🎤
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