Portugal Crypto Tax Calculator

Tax Treatment in Portugal

Since January 1, 2023, Portugal taxes cryptocurrency gains under specific rules. Short-term capital gains from the disposal of crypto assets held for less than 365 days are taxed at a flat rate of 28%. Gains from crypto assets held for 365 days or longer are exempt from taxation, providing a significant incentive for long-term holding. This applies to gains from selling, exchanging, or otherwise disposing of crypto assets. Income earned from crypto mining or validation activities is treated as self-employment income (Category B) and taxed at the progressive IRS rates. Crypto-to-crypto swaps are considered taxable events if the holding period of the disposed asset is less than 365 days.