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  • Crypto Tax Advice in Portugal

    AT A GLANCE

    Crypto Tax Advice in Portugal

    Get expert advice on crypto taxes in Portugal, from capital gains to staking and NFTs. Connect with a crypto tax advisor today for personalised guidance.

    Last Updated 26/09/2024

    Ask a free Crypto Tax Advice in Portugal tax question

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    AT A GLANCE

    Portugal’s crypto tax landscape is great for investors and businesses alike, but ignore the tax considerations at your own peril! Here’s a table to help clarify the core tax rules for different crypto activities:

    PORTUGESE CRYPTO TAX RATES

     
    Tax Type/Consideration Tax Rate Notes
    Crypto Trading (Capital Gains) 28% For residents without the NHR regime. Under NHR, gains on crypto may be exempt.
    Crypto Mining & Staking (Income Tax) Up to 48% Income from mining and staking is taxed as personal income and can be subject to progressive rates up to 48%.
    NFTs (Capital Gains) 28% Similar to other crypto assets, profits from NFTs are subject to CGT.
    Airdrops (Income Tax) Up to 48% Airdrops may be taxed as income and are subject to progressive income tax rates.
    Crypto Payments (VAT) 23% Businesses accepting crypto payments must account for VAT at the standard rate.
    Record Keeping Mandatory Maintaining detailed records of all transactions is essential for compliance and tax reporting.

     

    THE HEADLINES

    • The corporate income tax rate in Portugal is 21%
    • In Portugal the headline personal income tax rate is 48% plus 2.5% in solidarity surtax on taxable income exceeding 80,000 EUR. And there’s a 5% additional rate applicable on taxable income above 250,000 EUR
    • The standard VAT rate is 23%

     

    MASTER YOUR CRYPTO TAXES IN PORTUGAL

    Are you crypto trading in Portugal and worried you’re not paying the right tax? Connect with a member of our network for expert advice you can trust.

     

    CONNECT WITH A CRYPTO TAX ADVISOR IN PORTUGAL NOW

    If you thought finding an expert in Portuguese crypto would be tricky, think again. At Tax Natives, we’ve got exactly what you need.

    Whether you’re trying to figure out Capital Gains Tax in Portugal or you need advice on staking and NFTs, you’re in the right place.

    Get in touch, and we’ll connect you with an expert today!

     

    FIND YOUR CRYPTO TAX ADVISOR IN 3 EASY STEPS

    We’ve made it easier than ever to find your own crypto tax expert, it’s as simple as 1,2,3.

    1. SHARE YOUR CRYPTO NEEDS

    Fill out a quick form about your crypto holdings, transactions, and any specific tax concerns you have.

    2. GET MATCHED WITH AN EXPERT

    Based on what you tell us, we’ll match you with the perfect advisor who can offer the perfect advice.

    3. GET YOUR GUIDANCE

    Once matched, your advisor will offer tailored consultations and strategies to help you meet your crypto tax goals.

     

    YOUR TRUSTED PARTNER IN PORTUGESE CRYPTO TAX

    From handling tax issues to reducing your tax bill, you can enjoy the peace of mind our Portugal crypto tax advisors have to offer.

    Connect with a chartered tax advisor through Tax Natives and take back control of your crypto taxes.

     

    PERSONALISED CRYPTO TAX SOLUTIONS IN PORTUGAL

    We offer a range of crypto tax services for both individuals and businesses in Portugal. So, whether you’re an investor, minor, or anything in between, you can say goodbye to the headaches of crypto tax liabilities.

    CRYPTO INVESTORS

    • Crypto capital gains tax (CGT) advice – Make sure your crypto transactions are compliant with Portuguese tax laws and regulations.

    • NFT tax advice – Whether you’re a creator or investor, get help understanding how profits from NFTs are classified for tax purposes.

    DEFI USERS AND LIQUIDITY PROVIDERS

    • DeFi and staking tax advice – Let us help you identify which specific transactions are taxable and at what rates so they’re reported correctly.

    • Crypto income tax advice – We’ll help classify and report your crypto earnings accurately so you’re compliant with Portgal’s crypto tax laws.

    NFT CREATORS AND COLLECTORS

    • NFT tax advice – Understand how to report sales or trades to avoid tax penalties and optimise your NFT activities for maximum efficiency.

    • Crypto CGT advice – We’ll help you calculate your NFT gains accurately with allowable deductions and exemptions under Portuguese law in mind.

    CRYPTO MINERS

    • Crypto income tax advice – We’ll help report your mined crypto income with the necessary deductions and exemptions in mind, saving you big.

    • DeFi and staking tax advice – Mining transactions generate taxable events. We’ll guide you through this to keep your obligations low.

    RECIPIENTS OF CRYPTO AIRDROPS

    • Crypto income tax advice – We’ll help you accurately report the value of your airdrops and identify any deductions that can be made.

    HIGH NET-WORTH CRYPTO HOLDERS

    • Crypto CGT advice – Using a number of allowances and efficient tax strategies, we’ll help you tackle CGT on your assets.

    • NHR regime and crypto tax – We’ll show you how to leverage the NHR status to reduce or eliminate taxes on certain crypto income.

    EXPATS WITH PORTUGESE CRYPTO TAX DUTIES

    • NHR regime and crypto tax – We help keep you compliant with local Portuguese laws relating to crypto activity while reducing the tax burden.

    • Crypto CGT advice – We’ll help you determine when CGT applies, how to report it, and how to minimise your tax exposure across borders.

    INDIVIDUALS BENEFITING FROM THE NHR REGIME

    • NHR regime and crypto tax – We’ll guide you through the specific crypto tax benefits under NHR to maximise benefits and stay compliant.

     

    BUSINESS CRYPTO TAX SERVICES

    We can also offer a range of crypto tax advice for businesses in different situations, including:

    SMEs DEALING WITH CRYPTO

    • Crypto assets and corporation tax – Understand how your crypto assets impact your corporate tax positions for accurate reporting.

    • Crypto trading and investment tax – We’ll guide you through the tax implications of crypto trading so all profits and losses are well reported.

       

    • Crypto tax compliance and reporting – Enjoy ongoing support so your business stays up-to-date with reporting requirements for various crypto holdings.

    STARTUPS AND SCALE-UPS IN THE CRYPTO SPACE

    • Crypto assets and corporation tax – Get help with the impact of holding or trading crypto on your corporate taxes, including possible relief.

    • Crypto Payments and VAT – Let us help you comply with VAT regulations when accepting crypto, avoiding overpayments and charges.

       

    • Crypto tax compliance and reporting – Avoid legal complications with Portuguese tax laws when simplifying compliance and focusing on scaling.

    BUSINESSES ACCEPTING CRYPTO PAYMENTS

    • Crypto payments and VAT – Let us help you understand how VAT applies to crypto transactions so you can report them in line with the law.

    • Crypto tax compliance and reporting – Streamline your reporting processes and keep your business on the right side of Portuguese laws.

    COMPANIES PAYING EMPLOYEES IN CRYPTO

    • Crypto payroll and employment taxes – Make sure you’re reporting all wage payments properly and in full compliance with Portuguese payroll laws.

    • Crypto tax compliance and reporting – Setting up your crypto payroll can be tricky. Let us help you do so with no errors and with full compliance.

     

    WHY CHOOSE TAX NATIVES TO MANAGE YOUR CRYPTO TAX?

    If you’re looking for highly specialised, chartered tax advisors who know Portuguese crypto tax law inside and out, there’s no better name to trust than Tax Natives.

    1. CRYPTO-SPECIALISTED EXPERTISE

    Our network includes advisors with proven expertise in Portuguese crypto tax laws, offering in-depth advice and solutions.

    2. PERSONALISED AND PROACTIVE ADVICE

    You’ll get matched with the right advisor based on your specific needs, guaranteeing bespoke support for your unique crypto tax situation.

    3. TRANSPARENT AND AFFORDABLE PRICING

    Our pricing is straightforward, with no hidden fees. Choose the pricing package that fits your specific needs and budget.

     

    MAKE SENSE OF YOUR CRYPTO TAXES TODAY

    Confused by Portugal’s crypto taxes? That’s why we’re here. We’ll connect you with qualified crypto tax experts who can clear the air for you, no matter what’s got you stumped.

    Sounds good? Reach out to speak to your own expert now!

     

    MASTER CRYPTO TAX FOR YOURSELF WITH CRYPTO TAX DEGENS

    Want to take control of your own crypto tax situation? Why not consider joining the Crypto Tax Degens community?

    Our courses are designed to help those eager to learn the ins and outs of crypto tax. Understand crypto better and handle your crypto taxes like a true pro! Get started on a course now!

     

    HELP OTHERS WITH THEIR CRYPTO TAX PROBLEMS

    Are you a tax professional looking to widen your crypto tax service in Portugal? The Tax Natives network is here to help you expand your horizons and connect with clients who need specialised crypto expertise.

    Our network is open to:

    • Tax advisors and accountants looking to offer more of their services.

    • Lawyers and solicitors advising clients on crypto-related matters.

    • Financial advisors and wealth managers specialising in crypto and blockchain.

    • International tax experts dealing with cross-border crypto tax issues.

    • Crypto tax consultants and specialists with in-depth knowledge of crypto tax.

    • Accounting firms and tax practices offering bespoke crypto tax services.

    • Boutique tax advisory firms specialising in crypto tax compliance and optimisation.

    How Tax Natives works.

    Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.

    Ask a question to get started

    STEP ONE

    Select the 'Ask a question button located on the top of each page and follow through the process to compose your question

    STEP TWO

    Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.

    STEP THREE

    Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.

    Your Portugese crypto tax FAQs answered

    Got questions about our Portugal crypto tax services? Here are some of the most commonly asked ones.

    How is crypto taxed in Portugal?

    Crypto gains in Portugal may be subject to capital gains tax or income tax, depending on the activity. For example, regular traders may face different tax treatment compared to casual investors.

    What records do I need to keep for crypto tax purposes in Portugal?

    You’ll need detailed records of all crypto transactions, including dates, amounts, and transaction types, to guarantee proper reporting and compliance with Portuguese tax laws.

    How do I report crypto on my tax return in Portugal?

    Crypto earnings must be reported as part of your annual tax return. Our experts can advise you on how to include your crypto activities accurately.

    Why should I choose Tax Natives for my crypto tax needs in Portugal?

    Tax Natives connects you with experienced crypto tax advisors who specialise in Portuguese regulations, so you get the exact right advice for your situation.

    How does Tax Natives ensure the quality of its crypto tax advisors?

    All our advisors are thoroughly vetted and have proven expertise in Portuguese crypto tax laws, offering reliable and professional guidance.

    What are the tax benefits of the NHR regime for crypto investors in Portugal?

    The NHR regime can offer reduced or zero taxation on certain crypto activities, depending on your residency status and the type of income.

    How can I minimise my crypto tax liabilities in Portugal?

    Our advisors can help you structure your investments and activities in the most tax-efficient way, making sure you comply while reducing liabilities.

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