While the country already taxed capital gains on cryptocurrency holdings derived from professional or business activities, individual citizens were exempt. The new budget draft, however, calls for a levy of 28% on capital gains from cryptocurrency assets held for less than a year. Gains on cryptos held for a period of longer than a year would remain unaffected.
Source: https://www.coindesk.com/policy/2022/10/10/portuguese-proposal-would-enact-taxes-on-crypto-transfers-capital-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines