Bitcoin really will pay income tax
Fernando Medina chose - rightly - to tax crypto-assets, but gave a huge tax "freebie" to those who bet on the long term.
Cryptocurrencies are going to have their own tax regime in Portugal. From 1 January 2023, anyone who earns income from crypto-assets will have to declare it and pay tax, if tax is due.
The changes are set out in the proposed State Budget for next year, which can still be amended. It mentions “crypto-asset”, or its plural, 28 times in all.
Read the full article in Portuguese
AI translation from the Portuguese. First published in ECO on 13 October 2022.