Portugal: Crypto & Taxes

The Organized Expat

Tytle’s tax expert talks about crypto and taxes in Portugal. The episode begins with an exploration of different crypto activities and how they are viewed for tax purposes - as capital income, capital gains, or self-employed income. Tax rates and obligations are further explained, highlighting the distinction between professional and non-professional traders. Specific activities like staking, lending, and mining are also explored, with an emphasis on how each is taxed under Portuguese law.

Key topics include the one-year rule for long-term holdings, exemptions for certain transactions, and reporting obligations for crypto assets. The episode also explores the criteria for being classified as a professional trader and the implications of Portugal’s exit tax for those relocating.

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