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Portugal

Q: Is cryptocurrency taxed in Portugal?

Portugal imposes 28% tax on cryptocurrency capital gains for holdings under 365 days. Gains from assets held 365 days or more are exempt. Staking and passive income taxed at 28%; professional mining or trading at progressive rates 14.5-53%.

Q: What is the capital gains tax rate on crypto in Portugal?

The capital gains tax rate for cryptocurrency in Portugal is 28% (short-term <365 days); Exempt (long-term ≥365 days). • Classified under Category G (capital gains).

Q: How do I report crypto taxes in Portugal?

• Report gains (Annex G), passive income (Annex E), pro income (Annex B) in Modelo 3 IRS.

Q: Are crypto-to-crypto trades taxable in Portugal?

In most cases, crypto-to-crypto trades are taxable events in Portugal. When you exchange one cryptocurrency for another, you may realize a capital gain or loss based on the difference between your cost basis and the fair market value at the time of the trade.

Cryptocurrency Tax Information

Updated March 18, 2026

Capital Gains: 28% (short-term <365 days); Exempt (long-term ≥365 days)Income Tax: 28% (passive staking/mining); 14.5-53% (professional activities)

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Tax Summary

Portugal imposes 28% tax on cryptocurrency capital gains for holdings under 365 days. Gains from assets held 365 days or more are exempt. Staking and passive income taxed at 28%; professional mining or trading at progressive rates 14.5-53%.

Quick facts

Capital Gains Tax

28% (short-term <365 days); Exempt (long-term ≥365 days)

Income Tax Rate

28% (passive staking/mining); 14.5-53% (professional activities)

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Capital Gains Tax

28% (short-term <365 days); Exempt (long-term ≥365 days)

• Classified under Category G (capital gains).
• Taxable at 28% if held less than 365 days before disposal.
• Exempt if held 365 days or more (non-security tokens).
• Crypto-to-crypto swaps non-taxable but reset holding period.
• Losses offset short-term gains in same year; no carryforward.
• NFTs capital gains exempt.

Income Tax

28% (passive staking/mining); 14.5-53% (professional activities)

• Staking rewards and lending interest: Category E at flat 28%.
• Casual mining/airdrops: Category E at 28% on receipt value.
• Professional mining/trading: Category B progressive 14.5-53%; simplified regime for <€200k.
• Crypto salary: Category A at progressive rates.
• Businesses: Corporate tax 17-21% + surtaxes.

Reporting Requirements

• Report gains (Annex G), passive income (Annex E), pro income (Annex B) in Modelo 3 IRS.
• File annually via Portal das Finanças from April 1 to June 30.
• Use FIFO cost basis per wallet/exchange.
• Pay taxes by August 31; calendar year basis.

Special Notes

• No wealth, inheritance, or VAT tax on crypto typically.
• Wallet-to-wallet transfers tax-free.
• Security tokens ineligible for long-term exemption.
• NHR closed Jan 2024; new IFICI regime for incentives.
• EU MiCA regulations upcoming; consult for blacklisted jurisdictions.
• Gifts >€5k may incur 10% stamp duty.

Portugal crypto tax 2026: IRS, 365 days, and filing

Outlines IRS Modelo 3 reporting for crypto tax residents, the 365-day holding rule, and classification under Categories G, B, E.

March 5, 2026

Taxation of crypto holdings in Portugal in 2026

Reviews Portuguese Tax Authority's 2026 functional approach to taxing crypto transactions for individuals and companies.

February 7, 2026

Portugal Crypto Taxes 2026: Expat & Nomad Guide

Provides guide on crypto tax classification and compliance for expats and digital nomads in Portugal by 2026.

January 26, 2026

Crypto-Assets in Portugal: Current tax Framework and Key Developments

Discusses current tax framework and October 2025 guidance on technical swaps for crypto-assets.

January 13, 2026

Crypto Tax Loopholes Portugal Has Closed and That Still Exist in 2026

Explains closed loopholes like short-term gains tax and remaining ones for foreign-sourced income.

January 13, 2026

Portugal Crypto Tax Guide 2026

Updated guide on short-term 28% tax, long-term exemptions, and other crypto transactions.

January 6, 2026

Supportive Policies Boost Portugal's Crypto Adoption

Highlights 2025 policies exempting most foreign crypto income and taxing domestic at 20%.

February 6, 2026

Blockchain & Cryptocurrency Laws and Regulations 2026 – Portugal

Covers capital gains tax at 28% for <1 year holdings and regulatory updates.

October 21, 2025

Portugal Crypto Tax FAQ

Is cryptocurrency taxed in Portugal?

What is the capital gains tax rate on crypto in Portugal?

The capital gains tax rate for cryptocurrency in Portugal is 28% (short-term <365 days); Exempt (long-term ≥365 days). • Classified under Category G (capital gains).

How do I report crypto taxes in Portugal?

• Report gains (Annex G), passive income (Annex E), pro income (Annex B) in Modelo 3 IRS.

Are crypto-to-crypto trades taxable in Portugal?

In most cases, crypto-to-crypto trades are taxable events in Portugal. When you exchange one cryptocurrency for another, you may realize a capital gain or loss based on the difference between your cost basis and the fair market value at the time of the trade.

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Disclaimer: This information is AI-generated and for educational purposes only. Tax laws are complex and subject to change. Always consult with a qualified tax professional for advice specific to your situation.