How is cryptocurrency taxed in Portugal?

Portugal applies a mixed crypto-tax regime — gains can be treated as capital gains or as income depending on how you hold and use the assets.

“As mais‑valias decorrentes de operações com criptoativos passam a ser enquadradas na categoria G de IRS, quando não sejam consideradas rendimentos empresariais e profissionais. […] A exclusão de tributação aplica‑se às mais‑valias resultantes da alienação de criptoativos detidos por período igual ou superior a 365 dias.”

This reflects guidance from Autoridade Tributária e Aduaneira (AT - Portuguese Tax and Customs Authority), as of 2023-01-01.

See the full Portugal crypto policy profile for legal status, VASP licensing, stablecoin rules and more — or compare Portugal with another country. New to the categories? Read how crypto is taxed, explained.

Data basis: Autoridade Tributária e Aduaneira (AT - Portuguese Tax and Customs Authority), as of 2023-01-01