Is there a specific tax rate for cryptocurrency trading in Portugal?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we always strive to provide accurate and up-to-date information to our users. In Portugal, there is indeed a specific tax rate for cryptocurrency trading. Cryptocurrencies are considered taxable assets, and any gains from trading them are subject to capital gains tax. The tax rate for cryptocurrency trading depends on the individual's tax bracket and the holding period of the assets. Short-term gains (assets held for less than 12 months) are taxed at the individual's marginal tax rate, which can range from 14.5% to 48%. Long-term gains (assets held for more than 12 months) are taxed at a flat rate of 28%. It's important to consult with a tax professional or refer to the official tax guidelines to ensure compliance with the tax laws in Portugal.
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