Crypto Taxes Portugal: Your Guide to the 2025 Changes
Portugal is widely considered one of the most pro-crypto countries in the world, but understanding the current crypto tax landscape is crucial. While previously known for its tax-free crypto environment, In 2025, Portugal introduced new cryptocurrency taxes. This guide breaks down the new regulations and answers your pressing questions about crypto taxes in Portugal.
Is Crypto Tax Free in Portugal? The 2025 Update
For many years, a key highlight of Portugal’s crypto tax laws included no tax on long-term crypto holdings. However, this changed in 2025. Since 2025, Portugal has imposed a 28% capital gains tax on crypto held less than 365 days. Coins held longer *may* remain tax-free, depending on the specific asset and how it\'s classified, especially concerning securities-like tokens. Always consult with a tax professional for personalized advice.
Understanding the 28% Capital Gains Tax
The key takeaway: Portugal started applying a 28% tax on short-term crypto gains from selling crypto held for less than a year. Specifically, Short-term capital gains (if you sell/dispose of crypto after less than 365 days) are subject to a 28% tax. This applies to profits made from selling or disposing of cryptocurrencies held for less than one year.
Non-Residents and Crypto Taxes in Portugal
Additionally, individuals who are non-tax residents in Portugal are only taxed on Portuguese-sourced crypto income at a flat rate of 25%. Crypto assets and income generated within Portugal\'s borders are subject to this tax. This can be particularly relevant if you\'re actively trading or providing crypto-related services in Portugal.
Long-Term Crypto Holdings: Tax-Free No More (Always Check with a Professional)
Long-term crypto holdings (over one year) *may* still be tax-free, but with the changes implemented in 2025, it\'s vital to consult a tax advisor to ensure compliance. Certain types of crypto assets, particularly those classified as securities, might be subject to taxation regardless of holding period.
Important Questions About Crypto Taxes in Portugal
Navigating crypto taxes can be complex. Here are some frequently asked questions:
- Is Crypto Tax Free in Portugal?
- When Will I Be Taxed on My Cryptocurrency in Portugal?
- Will I Be Considered A Trader in Portugal?
- How Can I Move to Portugal?
- What Is The Portugal Non-Habitual Residence Program?
- Do I Still Have to Pay Taxes in My Home Country If I Move to Portugal?
- What Other EU Countries Are Crypto Tax Friendly?
- What Other Crypto Tax Havens Are there?
Disclaimer
This information is for general guidance only and should not be considered professional tax advice. Crypto tax laws are complex and can change. Always consult with a qualified tax professional in Portugal for personalized advice based on your specific circumstances.