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Portugal crypto tax: everything you need to know TL;DR Portugal isn't a zero tax country for crypto. If you sell within 365 days of buying, the gain is taxed at a flat 28%. If you've held for 365 days or more, the gain isn't taxed at all. That part is still true, as long as you can prove the dates. Swapping one crypto for another isn't taxed when you swap. The tax shows up when you sell for money.