Long considered a cryptocurrency tax haven, Portugal’s government has proposed a 28% tax on capital gains from cryptocurrencies held for less than a year.
The 2023 State Budget document published on Oct. 10 featured a short section addressing the taxation of cryptocurrencies, which to date have been untouched by the Portuguese tax authorities, given that digital assets were not recognized as legal tender.
Continue Reading on Coin Telegraph
![Portugal proposes 28% tax on annual crypto trading profits next year](https://d1-invdn-com.investing.com/content/pic63d35c6df160d944ccc45ffafcb0a658.jpg)