Legal Definition of Crypto Assets According to Law No. 24-D/2022 (State Budget Law for 2023), a crypto asset is defined as “any digital representation of value or rights that can be transferred or stored electronically using distributed ledger technology or similar.” It’s important to note that this definition excludes explicitly unique and non-fungible crypto assets… Continue reading Tax Framework for Cryptocurrencies in Portugal: Detailed Analysis for 2024
Tag: Tax
How to escape from Brexit?
With all the instability provoked by the possibility of the United Kingdom (“UK”) to activate article 50 º of the Lisbon Treaty, commonly known as “Brexit”, and leave the European Union, many British nationals are considering other options in order to keep their benefits as European citizens. Many of them live already outside of the… Continue reading How to escape from Brexit?
EU and Monaco agree to fight tax evasion
Similar to what previously Switzerland, Liechtenstein, San Marino and Andorra did, the EU and Monaco have concluded an agreement that will improve tax compliance by private savers. To help prevent tax evasion, EU member states and Monaco will exchange information automatically. Tax administrators will also get better cross-border access to information. This is one more… Continue reading EU and Monaco agree to fight tax evasion