Taxes · PRT
Taxes in Portugal
Portugal overhauled its crypto tax rules effective January 2023 under the State Budget Law 2023. Individual holders pay 28% capital gains tax on crypto disposed within 365 days of acquisition, while gains on assets held longer than one year remain tax-free. Crypto income from mining and staking is treated as self-employment or professional income and taxed at progressive rates.
Income tax
Income from crypto activities such as mining, staking, and professional trading is taxed as Category B self-employment income at progressive rates up to 48%, plus surtaxes. Occasional crypto income may fall under Category G at 28%.
VAT / GST
Exempt. Consistent with EU Court of Justice ruling (Hedqvist case), exchanging cryptocurrency for fiat currency is VAT-exempt for individuals.
Capital gains
Gains from crypto held less than 365 days are taxed at a flat 28% rate. Gains from crypto held 365 days or more are exempt from capital gains tax. Losses can offset gains within the same category.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap