Cryptocurrencies have been gaining prominence in the international financial plan, being an option for investors seeking high return and protection for their assets. 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 already clarified their position on the tax treatment of income from cryptocurrencies within Personal Income Tax. However, some doubts persist, as the definitive applicable tax framework to income derived from cryptocurrencies is still to be determined, due to the lack of a specific taxation standard or an express exclusion.