State Budget Proposal – Taxation on Crypto Assets (PIT)
The State Budget proposal for 2023 submitted by the Portuguese Government includes the long-waited specific rules on crypto assets taxation in Portugal. We highlight the proposed taxation rules on a Personal Income Tax (PIT) level:
- Definition of crypto asset for PIT purposes
- Activity related to issuance of crypto assets or validation of transactions
- Capital Gains from disposal of crypto assets
- Gains deriving from the sale of crypto assets would be treated as Capital Gains (Category G Income). Taxation dependant on the holding period
By Raquel de Matos Esteves. Read full article at: State Budget Proposal Crypto Tax