Crypto tax in Portugal (2026)
Short answer
Gains on crypto held for less than 365 days are taxed at a flat 28%, or you can choose to add them to your other income. Crypto held for 365 days or more is exempt.
Estimates based on the current tax year rules, not tax advice.
Worked example
You spend €10,000 of BTC that cost you €6,000.
| Gain | Estimated tax | |
|---|---|---|
| Held one year or less | €4,000 | €1,120 |
| Held longer | €4,000 | €0 |
Calculate your own case
Estimated tax on this spend (Portugal, 2026 tax year)
€1,120
Gain of €4,000 taxed at 28%.
Estimate based on the current tax year rules, not tax advice.
- Amount spent€10,000
- Cost basis-€6,000
- Gain+€4,000
- ExemptionNone
- Estimated tax€1,120
Cashback
No official guidance exists on crypto card cashback here, so the tool shows no figure.
- You can choose to aggregate these gains with your other income instead of paying the 28% autonomous rate, which can lower the tax for people with low overall income.
- The 365-day exemption does not apply when the counterparty is in a jurisdiction on Portugal's list of tax havens.
Keep a record of every card purchase
- Date
- Amount
- Asset
- Cost basis
- Merchant
- Exchange rate
Rules to know
- You can choose to aggregate these gains with your other income instead of paying the 28% autonomous rate, which can lower the tax for people with low overall income.
- The 365-day exemption does not apply when the counterparty is in a jurisdiction on Portugal's list of tax havens.
Is crypto card cashback taxed?
There is no official guidance on crypto card cashback yet. Keeping records of every reward is the safe approach.
Keep reading
Frequently asked questions
Is spending crypto with a card taxable in Portugal?
Gains on crypto held for less than 365 days are taxed at a flat 28%, or you can choose to add them to your other income. Crypto held for 365 days or more is exempt.
How long must I hold crypto to pay less tax in Portugal?
Gains on crypto held for less than 365 days are taxed at a flat 28%, or you can choose to add them to your other income. Crypto held for 365 days or more is exempt.
Is crypto cashback taxed in Portugal?
There is no official guidance on crypto card cashback yet. Keeping records of every reward is the safe approach.
Sources
- Portal das Finanças: Criptoativos, conceito fiscal e tributação · checked September 23, 2026