PRA

José Moreira Simões

Associado | Fiscal

April 10, 2024

Capital gains from crypto assets must be declared, but AT does not help

José Moreira Simões collaborated on an ECO article about the declaration of capital gains generated with cryptoactives to the IRS, and the difficulty of the declaration process for the taxpayer.

“Currently it is not possible to declare these income [with cryptoassets] in Annex G if the managing entity does not have a Portuguese NIF (which will be the overwhelming majority of cryptoasset situations).”

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