Taxing Crypto-Assets—The Portuguese Perspective

This chapter analyzes the taxation of crypto-assets in Portugal and the approach taken by the local tax authorities on crypto-assets and selected related topics. After summarizing some relevant features of the Portuguese tax system, the chapter discusses the taxation of profits arising from crypto-assets under the Corporate Income Tax, as well as the importance of the accounting perspective for such taxation. Subsequently, the chapter delves into the topics of Personal Income Tax, namely vis-à-vis the sale of cryptocurrencies, other types of income and some practical considerations. Finally, taking the Hedqvist case (see Sect. 4.5.2) as its departure point, the tax authority’s position on Value Added Tax on the sale of cryptocurrencies and mining is scrutinized.