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Crypto tax in Portugal 2026
Portugal taxes crypto gains at a flat 28% — but only if you held for 365 days or less. Hold longer than a year and the gain is tax-free, provided the counterparty jurisdiction shares tax information with Portugal.
That one-year rule is why Portugal remains a favourite base for long-term crypto holders even after the 2023 rule change.
At a glance
- top rate
- 28% (holdings of 365 days or less)
- entry band
- 0% after more than 365 days
- tax year basis
- Calendar year
- filing deadline
- 1 April – 30 June
- residency basis
- Residents taxed on crypto gains worldwide
- regime flag
- Mining and professional trading are taxed as business income
Rates
Crypto taxation for individuals (2026)
| Rate | Base | Applies to |
|---|---|---|
| 28% | Net gain | Selling crypto held 365 days or less (band rates become mandatory if your income is €86,634+) |
| 0% | — | Selling crypto held more than 365 days (counterparty in an information-sharing jurisdiction) |
| Band rates on 15% of turnover | Deemed income | Crypto dealing as a business under the simplified self-employment method |
| Band rates on 95% of income | Deemed income | Crypto mining under the simplified self-employment method |
Thresholds & allowances
- Loss reliefCarry forward 5 years
Available when you use the band-rate route; losses against tax-haven counterparties don't count
Residency
Residency trigger
Live in Portugal and your crypto gains are Portuguese business — the 365-day clock is what decides the bill.
Non-resident treatment
Non-residents are outside Portuguese crypto tax on personal holdings; business activity in Portugal is another matter.
Notes
- Certain events can count as a sale even without one — ending a crypto business activity does, and leaving Portuguese tax residency triggers tax in the business and startup-option contexts. Take advice before relying on the exemption around a move.
- The 365-day exemption needs the paying side to sit in a jurisdiction that exchanges tax information with Portugal.
- Crypto-to-crypto swaps and their timing have their own valuation questions — records matter.
FAQ
Is crypto tax-free in Portugal?
After more than 365 days of holding, yes — the gain is exempt (information-sharing jurisdictions only). Sell within a year and you pay a flat 28%.
How is crypto mining taxed in Portugal?
As business income: under the simplified method, 95% of mining income enters your progressive bands, so mining is taxed far more heavily than long-term holding.
Figures: tax year 2026, compiled from public sources. Not tax advice.