Economy
CMVM proposes tax-exempt savings account for assets held for three years
The securities market regulator (CMVM) has proposed to the government a new savings account mechanism that would offer tax exemptions for investments held for at least three years. The proposal includes a maximum limit of 250,000 euros, no minimum investment, and covers a wide range of OECD-listed assets like stocks, ETFs, and bonds, but explicitly excludes crypto-assets. The plan would shift reporting responsibilities to the banks rather than individual investors.
Why it matters
This is a proposal currently under government review; if enacted, it could create a tax-efficient way for residents to hold medium-term investments without the burden of manual tax reporting for those assets.Diário de NotíciasRead original ↗
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