Portugal Proposes 28% Crypto Tax in 2025 Budget: Is the Tax Haven Closing?

😲 Portugal has drafted a budget for 2025, proposing taxation on short-term crypto-related investments. The crypto landscape in Portugal is undergoing a significant shift. Long considered a cryptocurrency tax haven, Portugal’s government has proposed a 28% tax on capital gains from cryptocurrencies held for less than a year.

According to the 2025 State Budget, a new era of crypto taxation is dawning. The Portuguese government has proposed a new cryptocurrency tax policy that would take effect as part of its 2025 national budget, according to a government-issued statement.

Portugal, known for its favorable taxation policies on cryptocurrency and its inviting climate, has recently shifted from a period of minimal taxation to introducing more structured tax guidelines. Portugal’s government submitted a 2025 budget draft, which among other things, offers to implement a 28% tax on crypto gains. According to the 2025 State Budget, this marks a major policy change.

According to the plan presented to parliament on Monday, a clause in the nation’s projected 2025 budget would tax gains on crypto holdings held for less than a year at a rate of 28%. It calls for a 28% income tax for all cryptocurrencies held for less than a year.

This proposed 28% crypto tax in Portugal's 2025 budget has significant implications for investors. Is the window of opportunity for tax-free crypto gains in Portugal closing? Stay updated on the latest developments and understand how this new regulation might affect your crypto investments.