If it a external raster: no, for this you must use gdalwarp parameters
-crop_to_cutline : use -cutline and -csql for cutting
-cutline : dame of spatialite-database
-csql a valid sql to retrieve the Polygon to use as cutline
Sample:
-crop_to_cutline -cutline Berlin_Liebenow.maps.gcp.db -csql "SELECT cutline_polygon FROM create_cutline_polygons WHERE ((id_gcp_coverage = (SELECT id_gcp_coverage FROM gcp_coverages WHERE (raster_file LIKE '1867.Berlin_Liebenow_5_Pariser_Platz.6250%'))) AND (cutline_type=77));
As a RasterLite2 image use the export commands.
Mark