Crypto tax in Portugal
How is cryptocurrency taxed in Portugal?
Cryptocurrency is taxed specially in Portugal. Capital gains are taxed at 28%, though long-term gains may be exempt.
Common questions
- What is the capital gains tax rate on crypto in Portugal?
- The capital gains tax rate on cryptocurrency in Portugal is 28%.
- Are long-term crypto gains taxed in Portugal?
- Long-term cryptocurrency gains may be exempt from taxation in Portugal.
- Does Portugal tax worldwide income from crypto?
- Portugal operates a worldwide tax system, meaning income from cryptocurrency may be subject to taxation.
Portugal is crypto-friendly.
Treatment
taxed under a special / mixed regime
Long-term
Tax-free (>365 days)
Headline rate
28%
For an individual relocating to Portugal, private crypto gains are taxed at 28% if the asset is held less than 365 days, but gains on crypto held more than 365 days are fully exempt, with additional special rules for business‑like activity and staking income.
“Gains obtained with the transfer for a consideration of crypto assets that are not securities are regarded as capital gains (Category G) for tax purposes. A relief from taxation applies in the case of crypto assets held for 365 days or more. Moreover, no taxation arises on crypto assets held for less than 365 days whose consideration on a transfer is also crypto assets.[7]” — Autoridade Tributária e Aduaneira (via PwC summary of 2023 PIT framework on crypto‑assets)
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.