Article 58.º-A of the Investment Tax Code, introduced by Law No. 82/2023 of December 29th, represents a significant evolution in the tax benefits regime to attract talent and investment to Portugal. This new regime, often referred to as NHR 2.0, aims to incentivize scientific research, innovation, and the country’s economic development. Who can benefit from… Continue reading New NHR 2.0: A Complete Guide to Article 58.º-A
Category: Tax
Tax Framework for Cryptocurrencies in Portugal: Detailed Analysis for 2024
Legal Definition of Crypto Assets According to Law No. 24-D/2022 (State Budget Law for 2023), a crypto asset is defined as “any digital representation of value or rights that can be transferred or stored electronically using distributed ledger technology or similar.” It’s important to note that this definition excludes explicitly unique and non-fungible crypto assets… Continue reading Tax Framework for Cryptocurrencies in Portugal: Detailed Analysis for 2024
The NHR 2.0 – The new regime in town for expats in Portugal
NHR 1.0 – The old regime: Until the end of 2024, the transitory regime still applies under certain circumstances, which allows expats and investors to come to Portugal and still benefit from NHR – Non Habitual Regime, with the following benefits: NHR 2.0 – The new regime in town for expats in PortugalBenefits of Portugal’s… Continue reading The NHR 2.0 – The new regime in town for expats in Portugal
Navigating Portugal’s Updated Crypto Tax Landscape: A Comprehensive Guide for Compliance
Compliance for crypto transactions
Maximizing Crypto Gains through Tax Optimization Strategies
Crypto taxation
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.