Cryptocurrencies have been gaining prominence in the international financial plan. However, these “currencies” have not yet been subject to specific regulation in Portugal, and the tax framework of the income derived therefrom is still uncertain.

The Portuguese Tax Authorities have not changed their position on the tax treatment of income from cryptocurrencies within Personal Income Tax. However, in the absence of a specific taxation rule, as well as any express tax exclusion, some uncertainty remains regarding the applicable tax framework.