Odaily Planet Daily News TaxDAO today released "Analysis of Cryptocurrency-related Content in the Portuguese National Budget of 2023". The article stated that until the end of 2022, Portugal has been one of the few countries in Europe where cryptocurrency transactions (e.g., capital gains) are not subject to personal income tax. However, from 2023, the current status of the crypto asset tax framework will undergo significant changes. For personal income tax purposes, the definition of crypto assets is stated as "any digital representation of value or rights that can be transferred or stored electronically using distributed ledger technology or similar technology", excluding single crypto assets and non-homogeneous crypto assets. Gains from the disposal of crypto assets should be considered capital gains, and the standard 28% flat tax rate will apply to the positive balance of capital gains and losses arising from the disposal of the above assets, unless these assets are held for more than 365 days, in which case they will be exempted (but not for crypto assets classified as securities).