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.
The tax figures
Tax wedge
39.34 %
Of every €100 an employer spends on an average single worker, about €39 goes to tax and social contributions before pay-out.
19 of 36 countries that publish it · 2025 · see the ranking →
What this measures, and what it does not
The OECD tax wedge: income tax plus employee AND employer social contributions as a share of total labour cost, for a single person at exactly the average wage. It is a comparable type case between countries — not your personal tax rate.
Tax on pay
24.93 %
Of every $100 of gross pay at the average wage in Portugal, about $25 goes to income tax and employee social contributions.
19 of 37 countries that publish it · 2025 · see the ranking →
What this measures, and what it does not
The OECD net personal average tax rate: income tax plus the EMPLOYEE’s social contributions as a share of gross wage earnings, for a single person with no children at exactly the average wage. This is the rate you can apply to a salary. It is deliberately smaller than the tax wedge on the same page, which measures a wider bite (it adds the employer’s contributions) over a wider base (total labour cost) — two honest answers to two different questions.
Take-home pay
$33,734 PPP
The average job in Portugal pays about $33,734 a year (PPP) after income tax and the employee's social contributions.
30 of 37 countries that publish it · 2025 · see the ranking →
What this measures, and what it does not
Our own calculation: the OECD average annual wage multiplied by (1 − the OECD net personal average tax rate). Both legs share the same denominator — gross wage earnings — which is what makes the multiplication valid; the tax wedge, which is measured against total labour cost including the employer’s contributions, cannot be used this way. It is a comparable type case for a single average earner: not your salary, and not a full net-income figure, since it excludes benefits, deductions and consumption taxes.
Top income tax
53.00 %
32 of 37 countries that publish it · 2025 · see the ranking →
What this measures, and what it does not
The top statutory rate on wage income — what the last euro of a very high salary is taxed at, combining central and typical sub-central rates (OECD). Almost nobody pays this on their whole income: it applies only above the top threshold.
Corporate tax
28.00 %
79 of 96 countries that publish it · 2026 · see the ranking →
What this measures, and what it does not
The statutory (headline) corporate income tax rate from OECD Corporate Tax Statistics. Effective rates after deductions and incentives are typically lower; this is the rate on paper that companies plan around.
The rules, in words
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