Cómo declarar criptomonedas en Portugal
Portugal ceased to be a total crypto paradise in 2023, but it maintains a very strong incentive: if you hold your crypto assets for more than 365 days, capital gains from their sale are exempt from IRS.
Quick Tax Summary
- Tax type
- Capital gains, category G
- Tipo aplicable
- 28% if held for less than 365 days; 0% if held for longer
- Tax-exempt minimum
- Full exemption after 365 days of ownership
- Crypto-to-crypto
- Exchanging for another crypto asset is not taxable
- Staking y recompensas
- Category E, 28% withholding tax
- Losses
- Offsettable for 5 years
- Filing deadline
- April – June of the following year
- Formularios
- Modelo 3, Annex G, and Annex J if there is foreign income
- Sanciones
- Fines from €150 and up to double the tax evaded
- Autoridad fiscal
- Autoridade Tributária e Aduaneira (Tax and Customs Authority)
The 365-day threshold
Sales of crypto assets held for less than a year are taxed at 28% in category G, with the option to opt for progressive tax rates. After 365 days of ownership, capital gains are exempt.
The exemption does not apply to crypto assets considered securities or to operations carried out by residents in privileged tax jurisdictions.
Staking, mining, and professional activity
Passive remunerations such as staking are taxed in category E at 28%. Mining and trading carried out regularly and professionally fall into category B, with business activity rules and specific coefficients.
If you trade very frequently, the Autoridade Tributária can reclassify your gains as professional activity, which completely changes the taxation.
Before filing: have your history in order
The first step to a proper tax declaration is to download the complete transaction history from each platform you use. MiCA-licensed exchanges often provide ready-to-use annual reports, which significantly simplifies the filing process.
See exchanges with MiCA licenseFrequently Asked Questions
Other countries in the same region · Europe
This guide provides general information and does not constitute tax advice. Rules change frequently: always confirm details with your country's tax authority or a tax advisor.