Are you an EU citizen? if yes then there are a few options where Crypto is TAX FREE.
You mix two things that have nothing to do with each other - VAT (value added tax) is something that is paid throughout the EU for all products and services, and the percentage depends on each country. When it comes to Germany, they only passed a law according to which no additional tax (VAT + extra tax) is paid on payments with BTC.
As for income tax, their law says that if you buy a crypto and keep it for at least 1 year, you can sell it without paying any tax - although someone mentioned that the crypto must be kept in a custodial wallet.
As for Portugal and their decision regarding the crypto tax :
Portugal has taken the opposite tack: it made clear that buying or selling cryptocurrencies would not be subject to capital gain taxes or value-added tax (VAT). The PTA previously clarified in 2016 that buying or selling cryptocurrency in Portugal would not be considered a taxable event which means that it’s not subject to tax. There are exceptions: the receipt of cryptocurrency in exchange for goods or services doesn’t change the tax treatment of the original transaction, and taxpayers who deal in cryptocurrency as a professional or business activity are still subject to some taxes.
I dont follow you Lucius, I'm looking at your post and I'm thinking, thats what I posted anyway.
The OP isnt going to be earning Bitcoin, he has it for a number of years and wants it in FIAT
FYI, if you are a resident or citizen of U.S.A, then you are required to pay taxes on capital gains, regardless of where you spend or sell your bitcoins.
Someone pointed this out to me recently too, I'm amazed by that. Does that mean as a U.S
citizen living abroad if you are liable to pay tax locally and to the U.S?
