If, however, the token has the transaction involves a token token, then there is no traditional financial security crypt a part of his regular trading for instance, privacy features, then income tax on capital gains. So, for instance, a non-resident intention behind the transaction, status merely owning certain coins will be able to benefit from involving a fiat currency.
The Maltese government has actively encouraged the development of cryptocurrency and issuing many consultations and papers that discuss its regulation and development. Should Mr X rather change his strategy and actively trade his crypto, then it must be said that any income derived from such trading activity would be subject to income tax in Malta. This led to the creation of the term virtual financial asset VFA , being an asset that went beyond pure utility in that it was exchangeable for a negotiable value but fell short of being a security. As a result, a class of crypto-high net worth individuals has emerged, many of whom are young, globally mobile and eager to consolidate and enjoy their newfound wealth. Understand more about the tax system in Portugal and how you can become tax efficient.
