🇪🇺 Europe
Crypto & taxes in Portugal
- Short-term capital gains
- 28% (held under 365 days)
- Long-term exemption
- Tax-free after 365 days
- Tax-haven counterparties
- 35%
- Staking (Category E)
- 28%
Crypto regulation
Portugal implemented MiCAR via Leis 69/2025 and 70/2025, in force since 27 December 2025, with a dual-authority model: Banco de Portugal authorises CASPs and handles prudential supervision, while the CMVM covers market conduct. The transition period ends 1 July 2026.
Taxation
Since 2023 (Lei 24-D/2022) residents' crypto gains are taxed at 28% under Category G if the asset is held less than 365 days, while they are tax-free if held 365 days or more. A 35% rate applies if the counterparty is resident in a "privileged tax regime" jurisdiction (blacklist).
Useful information
The old reputation as a zero-tax "crypto haven" ended in 2023; passive staking is taxed at 28% (Category E) and professional activity falls under Category B (with a reduced coefficient in the simplified regime). From 2026 the automatic DAC8 data exchange also applies.