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Tax guy ๐Ÿ‡ต๐Ÿ‡น Profile
Tax guy ๐Ÿ‡ต๐Ÿ‡น

@cryptaxpt

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Crypto & Taxes Degen-to-Degen since 2017 โŒNot offering legal or financial advice *featured on @coinbureau , @KoinlyOfficial | Finance @tedcrypto_ ๐Ÿป

Lisbon
Joined April 2020
Don't wanna be here? Send us removal request.
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
7 months
Centre-right won๐Ÿ†! ๐Ÿ‡ต๐Ÿ‡น This is good for crypto regulation! "AD"(winner ๐Ÿ†) 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 2โƒฃ) Implement a Web3
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@TicTocTick She is right though. She does not think.
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@coinmamba You either vote for Trump or against Trump. There is no such thing as voting for Harris.
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@BubblewrapPants @coinmamba So basically you are voting against Trump.
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@PicturesFoIder She probably got caught stealing someones heart multiple times.
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@RadarHits "managing the exchange" He will be just telling Richard Teng what to do, he manages Richard Teng, not the exchange.
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@WowTerrifying So that is where they shot the Lion King. I was wondering.
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@Health00810 @InternetH0F Guess who pays for this mistake. ๐Ÿซต Your tax money.
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@RealEmirHan Maximus - The Gladiator First time I cried๐Ÿ˜ข
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@smith_john54937 @BubblewrapPants @coinmamba Thatโ€™s the same as saying you vote against Trump.
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@SadPuppies_ @Globalstats11 @PicturesFoIder A triple net lease (triple-net or NNN) is a lease agreement on a property where the tenant promises to pay all expenses, including real estate taxes, building insurance, and maintenance. So it makes sense that after she asks him about his property lease agreement, he moves
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@itsdeaann I enjoyed that debate due to the mutual respect shown while closing it.
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@PicturesFoIder She wanted him to come after her. She took a risky trade and hit the stop-loss.
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@Culture_Crit The real artist is the one who cleans it!
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@wallstreetbets Isnยดt that just a man with an Asian background working in the US?
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@chrisorzy Lumberjack Robin hood Marco Before you even play the game
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@AltcoinDailyio Greg is a legend now.
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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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@cryptaxpt
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@CFCWaneyn @TrollFootball You are comparing yourself with a football player and just the fact that he sits besides a girl does not mean he is dating her.
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@DailyLoud This is not real, is it?
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@PicturesFoIder Sorry I am slow. She makes a living out of selling feet pictures to simps?
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If you cashed out your crypto... and havenยดt been flagged๐Ÿšฉ โš ๏ธYou are not there just yet๐Ÿ‘€ ๐Ÿ‡ต๐Ÿ‡น has a rule Manifestaรงรฃo 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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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Been living here almost 10 years. These sunsets will never get boring ๐ŸŒ… ๐Ÿ“Almada ๐Ÿ‡ต๐Ÿ‡น
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HAPPY 25th of APRIL๐ŸŒบ ๐Ÿ‡ต๐Ÿ‡น Portugal marks 50 years of freedom from dictatorship ๐ŸŽ†
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@PicturesFoIder I had to search for โ€œBad Dragonโ€ to understand the joke, who else?
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@HumansNoContext That burger is so American it deserves a pasport๐Ÿ‡บ๐Ÿ‡ธ
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GM to everyone based in Portugal!โ˜•๏ธ๐Ÿ‡ต๐Ÿ‡น & Everyone else๐Ÿ™Œ
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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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@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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@RealEmirHan Guess the movie...
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@cb_doge I suggest Good Boy city
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Crypto Mondays Lisbon ๐Ÿ‡ต๐Ÿ‡น If you choose Portugal as your base, Lisbon is the place with the biggest crypto community๐Ÿ™Œ
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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GM - Bom dia๐Ÿซ This is one of the reasons I moved to Portugal ๐Ÿ‡ต๐Ÿ‡น
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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๐ŸŽฌ 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 PM๐Ÿ—ฃ
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Choose sunโ˜€๏ธ Portugal has a great Proof-of-Sun consensus mechanism. If you stake with Portugal you will get paid VitaminD every second๐Ÿ‡ต๐Ÿ‡น Absolutely TAX FREE๐Ÿ™Œ
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@MatthewEmbers @coinmamba A blank vote still goes to one of them in the end.
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@coinbureau Portugal? The flowers and the way the building is structured
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@voxportugal Ele namorou com um transgรฉneroโ€ฆ
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@cryptaxpt
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๐Ÿ’ก TAX TIP ๐Ÿ‡ต๐Ÿ‡น Imagine a situation where you trade passively. You need โ‚ฌ, but you did not hold any cryptocurrency more than 365 days. You obviously donโ€™t want to pay the 28% income taxes!๐Ÿ˜ฃ You can use your crypto as collateral to borrow โ‚ฌ against it. ๐Ÿคซ You leave the loan
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
6 months
I found Cryptopunk #3591 ๐Ÿ˜Ž ๐Ÿ“Cacilhas Portugal ๐Ÿ‡ต๐Ÿ‡น Lisbon on the background.
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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This is what โ‚ฌ15 looks like in Portugal! ๐Ÿ“ Sesimbra ๐Ÿ‡ต๐Ÿ‡น
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@wallstwolverine Comboio linha de Sintra
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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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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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
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IRS crypto taxation in Portugal 2024 eBook finally finished!๐Ÿ“•๐Ÿ™Œ I think the editor has outdone himself with the cover!! โšก๏ธWHATS NEW? Few updates, more examples, more practical terms๐Ÿ‘€ FREE for people who bought the 2023 version. Please email me and attach the 2023 copy or a
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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GM โ˜•๏ธ Who needs Ibiza ๐Ÿ๏ธ, if you have Costa da Caparica ๐Ÿ“ ๐Ÿ‡ต๐Ÿ‡น Bullish on Margem Sul ๐Ÿš€ โœ‰๏ธ New newsletter soon ๐Ÿ”œ
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@HumansNoContext Thatโ€™s the India Ron Jeremy there!๐Ÿคฃ
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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GMโ˜•๏ธ 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 government๐Ÿ‡ต๐Ÿ‡น 1โƒฃThe government only takes in
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@cryptaxpt
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I just became an uncle๐Ÿ™‚ Is $BTC a good gift for a new born?
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@PlzMacey @PicturesFoIder What do you think is the bigger problem. The fact that she sells feet pictures or the fact that there is SIMPS who buy them?
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Spoke with a bank manager in Costa da Caparica. I asked her how her bank looks at funds coming from crypto exchanges and if she could give advise on off-ramping. Her answer was that banks have no process in place regarding transactions coming from exchanges. The first AML
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
6 months
GM ๐Ÿช™ ๐Ÿ”ฅ This one is for the diversifiers!! In Portugal there is NO capital gains taxes on gold bars and gold coins ๐Ÿ’ฐ
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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@itsme_urstruly @IdiotsInCamera I have seen this in Portugal with my own eyes. There really is people like this. Everyone was just standing and laughing (Included me).
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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โšก๏ธ8 reasons why I am bullish on Portugal for digital nomads in Web3 ๐Ÿ‡ต๐Ÿ‡น๐Ÿš€ 1โƒฃLoads of sun and vitamine D๐ŸŒž 2โƒฃGreat food! Never heard anyone complaining about Portuguese food ๐Ÿฒ 3โƒฃGreat direct flights to US, UAE and etc.โœˆ๏ธ 4โƒฃHigh level English speakers. The Portuguese are great at
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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GM โ˜€๏ธ 0.1 $SOL for this๐Ÿ™Œ ๐Ÿ“Oficina da Carne, Cacilhas ๐Ÿ‡ต๐Ÿ‡น The friendly waiter is included in the price! ๐Ÿ”ฅ PRO TIP: Reserve online for the 30% discount๐Ÿคซ
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Just spoke to a Turkish company that wants to start a crypto city in Portugal๐Ÿ‡ต๐Ÿ‡น called "Lidia", for 30.000 residents. Crypto will be accepted everywhere! Would you move there? Exact location is still unknown.
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@CedYoungelman John(28 November 2017): I got 99 problems but a bitch ainยดt one.
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We did it! ๐Ÿ‘๐Ÿป We passed 3.000 followers๐Ÿ™‚ Glad you find our content helpful! ๐Ÿ™
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I bought some more $ATOM today.
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The Dubai of Portugal ๐Ÿ‡ต๐Ÿ‡น๐Ÿ˜
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It was a new experience to speak on stage at LISBON BLOCKCHAIN CONFERENCE 4.0 hosted @NovaSBE Itโ€™s great to hear lawyers passionate about blockchain technology๐Ÿ“š I was impressed that the whole conference was organised by students๐Ÿ˜ฑ Iโ€™m super bullish on Portugal ๐Ÿ‡ต๐Ÿ‡น ๐Ÿš€
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Been overloaded with work and colabs for the past 2 monthsโ€ฆ BUTTTโ€ฆ Recorded 4 new videos today!๐ŸŽฌ Because you guys๐Ÿซต๐Ÿฝ keep telling me that you find lots of value in my videos๐Ÿ™ Topics: - Off-ramping and tax paradises ๐Ÿ๏ธ - Tips on calculating your Capital Gain - Crypto tax
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
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โฐ7 years agoโ€ฆ I walked into @TheBlockLisboa to learn more about crypto. It was the first physical crypto meetup space in Lisbon๐Ÿ‡ต๐Ÿ‡น Now, 7 years later, hosting my own event at the place where my crypto journey started, with all seats filled. Memorable night๐Ÿ™
@TheBlockLisboa
The Block Lisboa | Crypto Hub
5 months
Letโ€™s learn about Crypto taxes in Portugal with @cryptaxpt ๐Ÿ”ฅ
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Win for Portugal๐Ÿ†๐Ÿ‡ต๐Ÿ‡น While Portuguese is the #9 most spoken language in the world. The Portuguese are extremely proficient in the English language๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ From all the south European countries, Portugal is the BEST in English language proficiency๐Ÿ† This is one of the reasons
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๐Ÿป Bear Market TAX TIP ๐Ÿ’ก (Save and share this one)๐Ÿ™Œ Imagine you buy $BTC at โ‚ฌ120.000 this year(2024). A few months later your $BTC is worth โ‚ฌ60.000. On paper you made a 50% loss, โ‚ฌ60.000โœ๐Ÿป Now you SELL your $BTC and BUY back at the same price. This means for 2024
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@cryptaxpt
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โšก๏ธ TAX FREE crypto creditcard NEXO ๐Ÿ’ณ โŒI have no affiliation with @Nexo . Other crypto credit cards work in the same way๐Ÿ˜‰ If you like this FREE content, please subscribe to our socials โœ๐Ÿป :
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@cryptaxpt
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@Lagos111O Ela sabe que morreram pessoas neste incรชndio?
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โš ๏ธIMPORTANT INFO๐Ÿ‡ต๐Ÿ‡น 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 caring๐Ÿ™
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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GM โ˜€๏ธ from ๐Ÿ“ Costa da Caparica ๐Ÿ‡ต๐Ÿ‡น Today I felt like getting one of those โ€œhipster coffeeโ€™sโ€.
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Wash-trading is legal in Portugal ๐Ÿ‡ต๐Ÿ‡น Example: 1โƒฃYou buy $BTC at the top for โ‚ฌ100k. 2โƒฃYour $BTC drops to โ‚ฌ50k. 3โƒฃYou sell for โ‚ฌ50k, book the loss of โ‚ฌ50k and buy back. 4โƒฃYou hold the newly bought $BTC for 365 days. โœ…Now you realised a 50k loss and TAX FREE(365) capital
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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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In my last 2 MONTHS, I made an annual Portuguese wage in $ATOM airdrops!! ๐Ÿ‘€ ๐Ÿ‡ต๐Ÿ‡น Here is how โฌ‡๏ธ 1๏ธโƒฃ Buy and stake the following: โ€ข >$250 $ATOM โ€ข >$250 $OSMO โ€ข >$250 $TIA โ€ข >$250 $KUJI โ€ข >$250 $INJ ๐Ÿšจ Donโ€™t stake with CEX validators โ€ผ๏ธ 2๏ธโƒฃ Stake through @tedcrypto_ and
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And we are live!๐Ÿ”ฅ๐Ÿ” Thank you @coinbureau , for inviting us (me & @daniella_defi ) to write an article about Crypto & Taxes Portugal on your page.
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Working on the best foreign company structure to pay the least income tax in Portugal ๐Ÿ‡ต๐Ÿ‡น Stay tuned ๐Ÿ‘€
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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GM โ˜•๏ธ From Taxguy to Relaxguy ๐Ÿ๏ธ Always bullish on living in Portugal ๐Ÿ‡ต๐Ÿ‡น ๐Ÿ“ Arrabida, Setubal ๐Ÿ‡ต๐Ÿ‡น
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GM frens โ˜€๏ธ PRO TIP for living in Portugal ๐Ÿ‡ต๐Ÿ‡น If you are ever treated badly by a company or if you ever have the idea someone tries to scam you๐Ÿ˜ค Ask for the โ€œLivro de Reclamaรงรตesโ€ translated into Book of Complains. Every company is obliged to have it and give it on
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@TheSun 2025? I think we are already there. Or isn't this a robot?
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๐Ÿ”ฅReasons I am bullish on crypto in Portugal๐Ÿ‡ต๐Ÿ‡น๐Ÿš€๐Ÿš€๐Ÿš€ 1โƒฃ Itยดs now possible to get a VISA by indirectly investing 500k in $BTC. 2โƒฃ Crypto-to-Crypto transactions are NOT taxed as long as you are not considered a full-time trader. 3โƒฃ If you hold your crypto capital gains for 1 year
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
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CRYPTO TAX TIP PORTUGAL๐Ÿ’ก๐Ÿ‡ต๐Ÿ‡น When you off-ramp (CRYPTOโžก๏ธFIAT), choose an exchange that is not registered in a tax paradise๐Ÿ–๏ธ BOOKMARK this one๐Ÿ”– 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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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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The low class wants to tax the high class๐Ÿค‘ 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. Letโ€™s hope the new Portuguese government understands that ๐Ÿ‡ต๐Ÿ‡น
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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๐Ÿ’ก What triggers a taxable event in Portugal?๐Ÿค” 1๏ธโƒฃ Selling for FIAT 2๏ธโƒฃ Spending crypto incl debit cards 3๏ธโƒฃ Receiving crypto as a payment If you like this FREE content, please subscribe to our socials โœ๐Ÿป :
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
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I will not stop working until every single crypto holder in Portugal is my client ๐Ÿ‡ต๐Ÿ‡น
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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Selling your crypto is the hardest part of being in crypto. Do you agree?
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
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๐Ÿ”ฅOne of my most popular content is the 3-ways to look at the 365-day rule๐Ÿ‡ต๐Ÿ‡น This is coming from my eBook: "There is ๐Ÿฅ‰ ways to look at the 365-day-rule set by the government. 1โƒฃThe government only takes in consideration the transaction from FIAT to crypto asset and from
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Tax guy ๐Ÿ‡ต๐Ÿ‡น
2 months
๐Ÿ”ฅ My personal opinion on the future of crypto income taxes in Portugal ๐Ÿ‡ต๐Ÿ‡น What regulatieve changes are you expecting in the upcoming years? ๐Ÿ‘€
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
4 months
@incalstory That dude was actually my favourite character of the whole episode. An absolute CHAD, no simping.
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
12 days
GM One of my favourite expressions in Portuguese is: โ€œUma mรฃo lava a outraโ€, basically meaning taking care of each other. Living in Portugal more than 10 years, I have experienced that Portugal is much more community driven, than the Netherlands.
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
4 months
โšก๏ธ Exited to share that Iยดm working on a Crypto & Taxes AI agent. which will be available 24-7 for your questions๐Ÿค– AI will eventually be better at doing what I do. Goals: 1โƒฃIt will be directly able to forward you to sources provided by the Portuguese government institutions.
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
5 months
โšก๏ธToday is the day! Presentation finishedโœ… 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
@TheBlockLisboa
The Block Lisboa | Crypto Hub
5 months
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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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
7 months
Portuguese version of "Crypto IRS 2024 Portugal guide" is coming ๐Ÿ‡ต๐Ÿ‡น๐Ÿ‘€
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
7 months
As the state was actually to late to come up with crypto activity codes in Portugal๐Ÿ‡ต๐Ÿ‡น 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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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
1 month
๐Ÿ’ก Instant liquid Euroโ€™s, without having to pay taxes directly! Example: You bought a Memecoin like $MUMU, sold it for $USDT and made 1000% profits. While scrolling over Standvirtual (Portuguese second hand car market place) you come across a good deal! ๐Ÿš— If you would sell
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
8 months
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 eBook๐Ÿ‘€ I am really amazed
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
3 years
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 ๐Ÿคจ. @TheCryptoLark @MMCrypto @PrestonPysh
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@cryptaxpt
Tax guy ๐Ÿ‡ต๐Ÿ‡น
6 months
GM โ˜€๏ธ In school, we learn that having debt is bad โŒ This while the most billionaires are using their assets to get debt. Why is that?๐Ÿค” Thatโ€™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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