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Trading for a living & taxes in EU

  #7 (permalink)

Lisboa, Portugal
 
Trading Experience: Beginner
Platform: eToro, Plus500
Favorite Futures: Currency, Commodities, ETF
 
Posts: 9 since Feb 2018
Thanks: 26 given, 11 received


w4rri0r View Post
so in Portugal as private trader (not as business entity), capital gain is taxed 28% regardless of the trading object (stock, futures, forex, etfs)
and it's not considered as income...regardless the numbers of trades or the capital involved
Am i right?

Yes, all are taxed at 28%, in an autonomous tax exercise. If you include earnings in your yearly tax declaration, the rate will be the progressive rate applied to regular wage earnings. In this case it is only worth it if you earn less than 80K per year.

And where you live, how does it work?

Thanks,
T

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