1) Filing deadline & penalties
You have until the end of June 2025 to file your IRS 2024 income tax return. Missing the deadline triggers a €75 standard fine, plus interest on any unpaid tax. File now to avoid penalties.

2) What’s new for crypto taxation?
No changes in how crypto income is taxed versus prior years—the same rules apply for 2024.

3) Audit activity (notably on active income)
Audits have picked up, especially around active income (including crypto-related earnings). Two clients even received nearly identical audits to last year, resolved with very similar explanations. Keep your documentation tight.

4) IRS Jovem reboot in 2025
Historically hard to apply in practice, IRS Jovem will have a new version in 2025 with automatic eligibility assessment, making it far more accessible to under-35 graduates.

5) Processing delays: set expectations
Turnaround times vary. As one data point, a return filed on April 1, 2025 only received its bill in the third week of June. Many filers are still waiting—delays are normal this season.

6) Politics & crypto: why the outlook stays positive
Election results point to continuity and a slight shift to the center-right, with seat gains for AD (ruling), Chega (pro-crypto), and IL (moderately pro-crypto), and losses for PS. Net-net, this reinforces political support for crypto-friendly tax policy.

7) Resource: 2025 eBook now available
The 2025 edition of our Crypto Taxes in Portugal eBook is out. If you bought a previous version, email your proof of purchase and we’ll send the updated edition free. New readers can purchase via our store.