As of January 1, 2020, Portugal has implemented a new crypto tax policy. This policy includes a number of changes, including a new tax on capital gains from the sale of cryptocurrency and a new value-added tax (VAT) on the purchase of cryptocurrency. The purpose of this blog post is to provide an overview of the key changes and what they mean for Portuguese taxpayers.

Portugal has become the latest country to introduce a tax on cryptocurrency trading. The Portuguese Tax Authority has announced that a new tax on cryptocurrency trading will be introduced from January 1st, 2020. The tax will be levied at a rate of 10% on all gains from cryptocurrency trading.

This is similar to the capital gains tax that is applied to other investments such as stocks and shares. The introduction of this tax comes as no surprise given the recent surge in popularity of cryptocurrencies. Portugal is not the first country to introduce a crypto tax, with countries such as the US, UK, Japan and South Korea all having similar taxes in place.

However, Portugal is one of the first European countries to do so. This move by the Portuguese authorities is likely to be met with some resistance from the cryptocurrency community. Many proponents of cryptocurrencies argue that they should be exempt from taxation as they are not subject to government control or regulation.

However, it seems that Portugal is keen to get ahead of the curve and start taxing these activities before they really take off. What do you think about this new tax? Do you think it will help or hinder the growth of cryptocurrencies in Portugal?

Let us know your thoughts in the comments below!

Crypto tax in Portugal. Can I avoid crypto tax in Portugal? 0 tax on crypto? The cold hard truth!

Do I Need to Declare Crypto in Portugal?

Yes, you need to declare your crypto in Portugal. The Portuguese tax authorities require that all income, including from cryptocurrency transactions, be declared. This includes both gains and losses.

If you don’t declare your crypto, you may be subject to penalties, including fines and interest charges.

Can I Move to Portugal to Avoid Crypto Taxes?

Cryptocurrency taxes can be a bit confusing because there are many different types of digital assets and each country has its own tax laws. So, the short answer to this question is “maybe.” It depends on your specific situation.

If you’re looking to avoid paying taxes on your cryptocurrency gains, one option might be to move to Portugal. Portugal has a special tax regime for digital nomads and entrepreneurs, which includes a 20% flat tax rate on income from certain activities, including some freelance work, royalties, and capital gains. This could potentially apply to cryptocurrency gains as well.

However, it’s important to note that this special tax regime is only available to non-Portuguese residents who don’t have their main home or base of operations in Portugal. So, if you’re a Portuguese citizen or resident, you would not be eligible for this reduced tax rate. And even if you do qualify, there’s no guarantee that cryptocurrency gains would fall under the activities that are eligible for the reduced rate.

So it’s always best to speak with a tax advisor or accountant before making any decisions about relocating for tax purposes.

Does Portugal Have Capital Gains Tax?

Portugal does indeed have capital gains tax, and the rate depends on both the type of asset being sold as well as the length of time it was held. For example, shares held for less than a year are taxed at a rate of 28%, while those held for longer than a year are taxed at a lower rate of 18%. Other assets such as property are also subject to capital gains tax in Portugal.

What Country Has No Taxes on Crypto?

There is no country that has no taxes on crypto. Every country has its own tax laws and regulations regarding cryptocurrency. For example, in the United States, crypto is considered property and is subject to capital gains tax.

In Canada, crypto is considered a commodity and is subject to sales tax. And in the European Union, crypto is treated as a currency and is subject to value-added tax (VAT). So depending on where you live, you may be subject to different taxes on your cryptocurrency holdings.

Portugal Crypto Tax 2022

In 2022, Portugal will implement a new law that will tax cryptocurrency transactions. The government says that the purpose of this tax is to prevent money laundering and tax evasion. Cryptocurrency exchanges will be required to report all transactions over €10,000 to the authorities.

This information will then be used to calculate taxes owed. The Portuguese government believes that this law will bring in an additional €5 million in revenue each year. However, some members of the cryptocurrency community are concerned that it could discourage investment in Portugal.

Only time will tell how this new law affects the country’s economy.

Crypto Tax Haven Countries

Crypto Tax Haven Countries When it comes to taxes, there are a lot of different options available for crypto investors. Some countries offer more favorable tax treatment than others, and this can make a big difference when it comes to your overall return on investment.

If you’re looking for a country that offers low or no taxes on cryptocurrency gains, then you might want to consider one of the following “crypto tax haven” countries: Belarus: Belarus has been very friendly to cryptocurrencies and blockchain technology in recent years. In 2018, the country passed a law that effectively made all crypto-related activity tax-free.

This includes both personal and corporate income from buying, selling, or mining cryptocurrencies. Estonia: Estonia is another European country that has been supportive of cryptocurrencies. The country does not tax profits earned from buying and selling cryptocurrencies, provided that they are used for personal use only.

If you’re using your cryptos for business purposes, then you will be subject to corporate income tax at the standard rate of 20%. Malta: Malta is quickly becoming known as a hub for cryptocurrency and blockchain businesses. The Maltese government has created a favorable regulatory environment for these industries, and they also don’t tax profits earned from buying and selling cryptocurrencies.

However, if you’re using your cryptos for business purposes, then you will be subject to corporate income tax at the standard rate of 35%.

Portugal Crypto Tax Reddit

Portugal has been a leader in the crypto space, and it’s no surprise that they are one of the first countries to implement a tax on cryptocurrency. The Portuguese government has announced a new tax on cryptocurrency, which will be applied to all transactions starting January 1st, 2019. The tax will be 3% of the total value of the transaction, and will be collected by the Portuguese Tax Authority.

This move is likely to cause some controversy, as many believe that cryptocurrency should not be subject to taxation. However, the Portuguese government feels that it is necessary in order to prevent money laundering and other criminal activities associated with cryptocurrency. It remains to be seen how this new tax will impact the crypto community in Portugal, but it is definitely something to keep an eye on.

Portugal Crypto Tax Law

Portugal has recently enacted a law that taxes cryptocurrency transactions. The new tax law, which went into effect on January 1st, 2018, imposes a 10% tax on profits from cryptocurrency trading. This is the first time that Portugal has taxed cryptocurrencies, and the move is likely to cause some controversy.

The new law applies to both individuals and businesses who trade in cryptocurrencies. It is unclear how exactly the Portuguese government will enforce the tax, but it is likely that exchanges will be required to report their customers’ trading activity. The government has said that the purpose of the tax is to “prevent money laundering and other illegal activities.”

Critics of the new law say that it will discourage investment in Portugal’s nascent cryptocurrency industry. They also argue that it could lead to double taxation if investors are also taxed on their capital gains when they sell their tokens. Supporters of the law say that it will bring much-needed clarity to an area that was previously unregulated.

They also argue that the tax will not be overly burdensome for most traders, as long as they keep good records of their activity.

Portugal Crypto-Friendly

Portugal is one of the most crypto-friendly countries in the world. The Portuguese government has been supportive of cryptocurrency and blockchain technology since 2018, when it launched its “Blockchain Portugal” initiative. This initiative is aimed at promoting the use of blockchain technology in the country and attracting investment in the sector.

In 2019, Portugal’s Securities Market Commission (CMVM) released guidelines for initial coin offerings (ICOs), stating that ICOs can be conducted in Portugal if they comply with certain conditions. These include ensuring that the ICO is open to all investors, providing clear information about the project and its team, and having a minimum investment amount of €100. Portugal is also home to a number of cryptocurrency exchanges, including Binance’s European exchange Binance DEX, which is based in Lisbon.

In 2020, Portugal’s second-largest bank, Banco Santander Totta, announced that it would start offering crypto trading services to its customers. With its supportive government policies and friendly environment for businesses operating in the cryptocurrency space, Portugal is well on its way to becoming a leading hub for blockchain and digital currency innovation.

Portugal Crypto Tax Change

In Portugal, crypto tax is changing. The Portuguese Tax Authority has issued a new ruling that will see cryptocurrency investors paying more tax on their gains. The ruling, which was issued on December 28, 2018, states that crypto assets will now be subject to a capital gains tax of up to 28%.

This is a significant increase from the previous tax rate of 10%. The decision to raise taxes on cryptocurrency comes as Portugal looks to boost its revenue from digital assets. In recent years, the country has become increasingly attractive to crypto investors due to its favorable taxation regime.

However, with this latest change, Portugal may no longer be such an attractive destination for those looking to invest in digital assets. It remains to be seen how this new ruling will impact the Portuguese crypto market. Some believe that it could lead to a mass exodus of investors from the country.

Others believe that the higher tax rate will simply deter new investment into the space. Time will tell how this plays out but one thing is for sure – Portugal’s stance oncryptocurrency is definitely changing.

Portugal Crypto Exchange

Portugal has been a leading European country in terms of cryptocurrency and blockchain technology adoption. The Portuguese Securities Market Commission (CMVM) has recently approved the country’s first cryptocurrency exchange, called Portugal Crypto Exchange. This is a major development for the Portuguese crypto industry, as it will now have a regulated platform through which users can buy and sell digital assets.

The CMVM’s approval is also a positive sign for other crypto companies operating in Portugal, as it shows that the regulator is open to working with this new asset class. The Portugal Crypto Exchange is currently in the process of launching its platform, and it plans to offer a wide range of services to its users. These will include spot trading, margin trading, and derivatives trading.

The exchange will also provide custody services and an OTC desk for large institutional investors. With its regulatory approval in place, the Portugal Crypto Exchange is well-positioned to become a leading player in the European crypto market.

Portugal Crypto Real Estate

Portugal is one of the most popular countries for cryptocurrency and blockchain technology. The country has a long history with crypto, dating back to the early days of Bitcoin. In recent years, Portugal has become a hotbed for ICOs and blockchain startups.

And now, the country is seeing a new trend emerge: crypto real estate. There are a number of reasons why Portugal is becoming a hub for crypto real estate. First, the Portuguese government is very friendly towards blockchain and cryptocurrency businesses.

The country has even created a special “golden visa” program that gives residency to foreign investors who invest in Portuguese businesses. This program has been successful in attracting many wealthy individuals from around the world, including those from the Middle East and Asia. Second, Portugal’s tax laws are very favorable for cryptocurrency businesses.

Cryptocurrency companies can enjoy up to 80% tax breaks on their profits. This makes Portugal an attractive destination for ICOs and other blockchain projects looking to raise funds. Lastly, Portugal’s location makes it ideal for crypto companies looking to tap into European markets.

Lisbon, the capital city of Portugal, is just a short flight from major cities like London and Paris. This makes it easy for crypto businesses to establish themselves in Portugal and then expand into other European markets. The rise of crypto real estate in Portugal is just one more sign that the country is becoming a major player in the global cryptocurrency market.


The Portuguese government has reportedly been working on a draft bill that would exempt cryptocurrency transactions from value-added tax (VAT). The news was first reported by Portuguese news outlet ECO, which cited an unnamed source close to the matter. If enacted, the bill would make Portugal one of the most crypto-friendly countries in Europe.

Currently, most EU member states treat crypto as property for taxation purposes, meaning that every time it is bought or sold, capital gains tax is applied. This can make crypto trading and investing very expensive. Portugal’s proposed VAT exemption would apply to both businesses and individuals.

It would cover all cryptocurrencies, including Bitcoin, Ethereum, and altcoins. The source told ECO that the government is hoping to have the bill ready by early 2019.


by Heather Binder

I’m a HELPER. You know the type, we cannot help being helpful! My background is as a Real Estate Broker (selling property) and the Managing Broker to 1150 agents at a large brokerage in Phoenix (read my LinkedIn reviews and details for more). I went on a solo 31-day backpacking trip at the age of 39 in 2012 fell in love with Europe. I live in The Silver Coast, specifically the gorgeous Caldas da Rainha countryside became home in early 2021 and I’m not looking back! My vast and varied experience has done is given me all the key components needed to help people from scouting to exploring, to taking that step to get a Visa and become an official Expat or Immigrant to this fabulous country!

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