Newsletter - New Tax Regime for Crypto-Assets under the Personal Income Tax for 2023 in Portugal
16 Pages Posted: 27 Dec 2022
Date Written: December 14, 2022
Abstract
The tax regime for crypto-assets within the scope of the personal income tax contained in the proposed state budget for 20231 was changed by the proposed amendment presented by the political party PS on 11.11.222 (approved in parliament on 11.23.22 ). Unlike the initial proposal, which included serious inaccuracies, the new regime (which is still far from perfect) appears to respond to some practical questions and presents exemptions that, eventually, may contribute to boosting the development of this sector in Portugal.
Keywords: Cryptoassets; Taxation; Tax Law; Blockchain; Fintech
JEL Classification: K34
Suggested Citation: Suggested Citation