Your year-end checklist for crypto taxpayers in Portugal: 2023 IRS filing window, 2024 regulation outlook, and how to use E-fatura to unlock deductions.
Thomas Maas
Dec 1, 2023
Hi—Thomas here from Crypto & Taxes Portugal. To keep everyone up to date with deadlines and changes, we’ve prepared our December roundup on crypto taxation and regulation in Portugal. As we wrap up 2023 and look toward what could be a bullish 2024, here are the key things to know so you finish strong and start the new year right.
1) IRS 2023 filing window
Mark your calendar: the IRS (personal income tax) declaration period for tax year 2023 runs from April 1 to June 30, 2024. If you’d like help with the process, reply to us and we’ll make sure you’re on our contact list.
2) Regulation outlook for 2024
As we say goodbye to 2023, there’s still no official word on rumored changes for the 2024 tax year. For now, it appears the Portuguese government is waiting to see how MiCA (EU Markets in Crypto-Assets regulation) unfolds before making moves.
3) Tax discount system: E-fatura
You may have heard of it—here’s the quick version. E-fatura lets you get tax deductions when your invoices are registered with your NIF.
Add your NIF to purchases at stores, restaurants, hotels, etc., to capture deductions.
Some invoices require confirmation on your side—log in at the E-fatura portal, go to “Faturas” → “Adquirente,” and confirm.
Categorize invoices correctly, hit “Guardar,” and your discounts are unlocked.
Learn more here: https://www.cryptotaxesportugal.com/blogs/e-fatura-explained
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Here’s to ending 2023 on a high note and diving into a crypto-filled 2024!
Contact: contact@cryptotaxesportugal.com
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