ICYMI: Portugal’s Parliament rejects crypto tax proposals amidst budget negotiations
Earlier this month, the country's minister of finance, stating that the government would work on the regulatory framework, but declining to commit to any time frame.
He also argued that there shouldn't be any"gaps" resulting in certain gains not being taxed in the country. Livre's proposal would see gains above €5,000 be taxed. Prior to the vote, Mariana Mortágua, a member of parliament with Bloco de Esquerda — who has been very vocal about crypto taxation — criticized the government for failing to find a way to tax crypto.
"Regardless of necessary future crypto regulations, our contribution to put an end to this offshore is to subject crypto assets to the same rate applicable to capital gains on equivalent income," she said.
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