The 2022 State Budget introduced Portugal's first comprehensive cryptocurrency taxation framework, taxing short-term capital gains while exempting long-term holdings over 365 days.
The 2022 State Budget proposal introduced revisions to IRS brackets and strengthened oversight of foreign bank accounts, though the budget was later rejected politically.
The Portuguese Tax Authority's 2021 guidance clarified how tax residency is triggered under the 183-day rule and habitual residence criteria, critical for digital nomads and remote workers.
Administrative rules published on 30 July 2020 enabled online issuance of Portuguese tax numbers (NIF) for residents and non-residents, eliminating the need for in-person visits.