Crypto ≥ 1 Year — Exempt

Legal basis: Art. 10(1)(k) + (19) CIRS
Benefit key: cryptoLongTerm

What it does

Capital gains on crypto-assets held for 365 days or more are exempt from Portuguese IRS for individual residents. Gains on positions held for less than a year are taxed at the standard 28% Cat. G flat rate.

Watch-outs

The exemption only covers fungible crypto-assets (excluding security tokens and similar). Trading frequency may also reclassify activity as Cat. B (business income), losing the exemption.