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What is the tax rate for crypto in Portugal?

Portugal crypto tax rates range from 14.5% to 53%, with special rules for mining which we’ll cover further in this article. The standard capital gains tax rate in Portugal is 28%. Truly non-fungible NFTs notably appear to be excluded from taxation under the new Portugal crypto tax regime.

How is crypto taxed?

If you hold crypto for less than 365 days, it will be taxed at a flat rate of 28% on the capital gains when made with fiat money. If you choose to aggregate it, these gains will be subject to progressive tax rates of between 14.5% and 53%.

Is crypto taxed in Germany or Belarus?

Eastern European country Belarus is also a crypto tax haven with no income, capital gains, or corporate taxes on crypto. Germany doesn't have any tax on long-term gains or any tax on short-term gains under 600 Euros. Also, there isn't any tax on staked crypto held for more than 10 years.

What is the current capital gains tax rate in Portugal?

The current capital gains tax rate for financial investment in Portugal is 28%. Portugal's changed stance on taxes brings the country in line with many other nations around the globe.

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