Puerto Rico vs Portugal
Crypto regulation comparison
Puerto Rico
Portugal
No Data
Legal
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Portugal was formerly a crypto tax haven with 0% capital gains tax on crypto for individuals, but the 2023 State Budget introduced a 28% capital gains tax on crypto held for less than one year. Crypto held for over 365 days remains tax-free for individuals. Banco de Portugal registers VASPs for AML compliance, and Portugal transitions to MiCA. Portugal attracted many crypto entrepreneurs due to its previously favorable tax regime and NHR (Non-Habitual Resident) program.
Tax Type
Unclear
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
28%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
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Regulator
Banco de Portugal, CMVM (Securities Market Commission)
Stablecoin Rules
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Stablecoin Rules
Regulated under EU MiCA framework
Key Points
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Key Points
- 28% capital gains tax on crypto sold within 365 days (introduced in 2023 budget)
- Crypto held for more than 365 days is exempt from capital gains tax for individuals
- Banco de Portugal oversees VASP registration for AML/CFT compliance
- CMVM regulates crypto where classified as securities
- Former 0% tax regime attracted crypto entrepreneurs; NHR tax regime phased out in 2024
Sources
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