Author: Rodolfo Santos

Exchange of Information between European tax authorities

The number of automatic information exchanges between the Tax and Customs Authority and counterparts in other countries rose to 6,988,749, increasing by 34% compared to 2022, with the majority corresponding to records sent by Portugal. The data is contained in the report on the fight against tax and customs fraud and evasion 2022 made public… Continue reading Exchange of Information between European tax authorities

Ultimate Guide for Crypto Taxation in Portugal for 2023

Portugal has updated its cryptocurrency tax policy, introducing new regulations for individuals and businesses in the country. The changes to the Personal Income Tax Code, effective January 1, 2023, define a “crypto asset” and cover capital gains, staking, mining, salary paid in crypto tokens, and the issuance of tokens. Capital gains from the sale of crypto assets held for less than 365 days are taxed at 28%. Profits from the sale of crypto assets held for 365 days or more are excluded from taxation. Portugal has also introduced guidelines for individuals who wish to open a professional activity in cryptocurrency.