What if you cash out of a crypto you hold for less than a year, but you trade it for a stablecoin like Tether or BUSD? Can it also be taxed?

Very sexy interview 👌

Wish the US would implement common sense taxes like these here. Hold for over a year…. No capital gains. Win. Also we need crypto to crypto trades exempt from any taxes. This part here is total BS.

Obrigado pela informação !!!

Damn Heidi I think I love you. Your so damn beautiful and you have the best smile. Much xoxo 😘, and let me know if you ever want to have a beautiful night out

…crazy good to be in Andorra (not a sudden feeling) w/ consistant freedom of activities on light tax, based legal long-term stability guaranteed, clear crypto regulatory framework releasing & small local dynamism (blockchain association, conference). Regarding Portugal: now definitely a craphole!

Is the 5 years retrospective, for those that have lost in 2022?

So if you sell your crypto to usdt.. you don't pay taxes, only when you deposit back to euro onto your bankaccount you pay taxes
Is this right?

Imagine this…. Tax of 2.5% applied ONLY on Cryptos that are being hold for more than a year if the value exceed a certain threshold (eg, equivalent to 1kg of Gold). Anything below that is not taxable. Any transaction is not taxable. Also imagine this: This tax will not imposed by the govt, but by the Crypto algorithm itself at the wallet. The collected "tax" shall be put back into mineable pool…. Imagine that….

Glad i am still in Dubai. While Portugal is nice place i rather stay in Dubai as I can see many things be changed again later down the road on this once things get ramped up in regulation. I say give it another 5 years and then see what happends with all of this.

so moving to portugal is attractive again 🙂 see you there soon 😉

Your very knowledgeable Maria good job

IF Crypto-to-Crypto trades would NOT be included as a taxable event and they consider everything Crypto, wouldn't that mean we could just trade into and out of Stablecoins like USDT and EURT? Any thoughts about that?

How will they track individual miners?

how does the house purchase thing work, that slightly confused me. if I want to purchase a property and have the full amount in crypto whats the tax scenario?

so if I hold BTC for 8 months then sell to USDT when it moons. If I then cash out then I pay tax, but if I want to pay zero tax do I have to hold that USDT for 12 months? very rare that happens in crypto and normally you will use that USDT to trade something else, how does that work? lets say uou use that USDT to buy something else, then sell at profit, use that for another trade….each time does the 12 months reset?

thanks for your videos, it was good to see Maria as well

Great info as always! please also cover taxes on staking income next time

For EU citizen, is it still possible to have 10 year tax free when moving to Portugal?

Thanks Maria and Heidi for the great info

If you're only taxed when you go back to FIAT, then they won't tax you for staking, because your profit will be in crypto. If you convert your gains to stable coins and wait for 365 days, you can then come back to fiat if you please… This is sad when ignorant people legislate. Portugal could be the crypto paradise in Europe, but these stupid people, decide to ruin it…

So Ethereum staking is not legaly comtemplated under this proposed legislation??

Great video and fairly clear. However, very confused by the example of a property purchase at 200k – didn't really understand at all!

I have never been good in taxes and the fact that crypto is taxed as well makes me sad. I do a lot of operations converting fiat to usdt, usdt to some coins and then back to usdt… I don't get how much tax I will have to pay for my operations

Sounds like good news for DEX users with an off ramp outside of Portugal.

We have the 5 year loss rule on hobby business in Sweden .. like my dog kennel (Which oh by the way is in HUGE Loss EVERY YEAR 🙂 ) .. if you want to be rich .. DO NOT BREED DOGS 🙂 … but the rule is handt for the year you actually have a good profit, so you gain a little of all the time/money spend in the previous years .. nice rule!

So I buy 1 bitcoin when the price is going up, after a couple of months I see the bitcoin price is going down and I decide to sell that bitcoin for a stablecoin like usdt, usdc or busd with a 25% profit, and I hold that amount of stables for over a year in my wallet, then I wouldn't have to pay any taxes for the bitcoin to stablecoin transaction?

That would be too good to be true, and that's not how the law works in Germany afaik, there you are taxed for every crypto to crypto transaction and you have to hold for over a year to avoid being taxed, or that's what I read about Germany's crypto laws, someone corrects me if I'm wrong. Otherwise everybody would sell their crypto for stables and would hold for over a year to avoid being taxed.

Hope this can be clarified or confirmed in the next video, thank you.

And what about the staking rewards? and the rewards of play to earn?

Informative and unique subject matter not covered by others, kudos.

I want to chill and have a drink with Maria! I have a feeling she is hilarious!

Our corporate-led governments are tightening the leash in order to prevent the people from having the idea of ​​governing themselves while shedding the illusion of democracy maintained by our leaders and affiliates.📺📺📺🦮. A few years ago I liked the idea of a European Union.. but now it feels like the centralization of Europe was a trap.

F*ck the state. Here is the value in X*MR.

Thank you Maria! Obrigado!
Great info on the proposal.
I foresee NFTs and other contracts representing avatars of physical properties being the source of many questions. For instance if I own an NFT for the proof of ownership on a collectible car or private estate and hold it for over 1 year, is the resale actually tax free? Could you imagine the rush to convert all property of value to NFTs for that kind of protection?
This will be interesting.
Until next time. Stay real Maria.
And thanks for hosting Heidi!

Thank you Maria.

This proposal completely sucks, im moving to Spain.

Taxes is still stealing. People should have the right to choose their own destiny without being robbed, or threatened with a cage. 😢

Why not just use Monero & live off crypto? 😊🎉

Where is the option to have less government?

Maria, então e se nunca venderes as tuas cripto e usares um cartão como o binance que gastas cripto diretamente de lá? Isso tambem é taxado? Pelo que percebi so é taxado o que é passado de cripto para eur, correto?

Obrigado

If every 5 minutes someone send airdrops to me without I know?

Which South American country to invest or move to ,that is the ?

Very informative. Thank you Maria, thank you Heidi

I am wondering if we are going to pay tax on the last crypto transaction (the one when we are converting back to EURO)? It would not make sense because everybody would convert to USDC first, then EURO

Great content, thank you so much!!! I have a question for Maria.
Normally people use and trade with Stable Coins. Let say that I buy BTC and after holding it for 365 days I decide to sell it to USDT. 2 month later I decide to cash out (I sell my USDT to EURO) would I be taxed 28% of the amount of the EURO that I am cashing out even though I don't have Capital Gain on the Stable Coin?????? Thank you.

A taxable event only occurs when you exchange for fiat! There's no Legal Tender attached to crypto. Anyone saying anything else is lying to you!

cryto tto crypto usdt not being taxed sounds good

The USA Government should follow this plan from Portugal. Heck, the cryto communities are well informed now what guidelines are than the US citizens. Here, we get involved in example, nft's, and 5 years later the Sec says were breaking a law, fine us handsomely a law that was never in existence.

Well, that'd be great if converting crypto to crypto was not taxed but only converting into Euro would be, if I understood that correctly.
Which means stablecoins are also crypto but they are stable, which means one can always exchange for stablecoins and hold in stablecoins for the period of one year before exchanging into euro if you don't want to pay taxes.

Omg I have Europa passport and I can sell in Portugal my crypto

Obrigado Maria🙏