Taxation of Crypto Income: news from Portugal
“The Portuguese Government has recently announced that it is currently analysing the taxation of income from cryptocurrencies under the Personal Income Tax (PIT), with no expected date for the presentation of the legislative measures to be implemented on this matter.
It is important to remember that in Portugal there has been no taxation of income from cryptocurrencies only due to the gap in tax legislation that has not allowed such taxation (in most cases).
Much has been written about “tax exemptions” on income obtained using virtual currencies, mainly based on the content of the Binding Information of the Tax Authority issued in 2016. (…)”