Hi — Thomas here from Crypto & Taxes 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.
IRS 2023 Filing Window
April 1 – June 30, 2024
The IRS declaration period for tax year 2023. Mark your calendar and reach out if you'd like help — we'll make sure you're on our contact list.
Regulation Outlook for 2024
As we say goodbye to 2023, there's still no official word on rumoured changes for the 2024 tax year. The Portuguese government appears to be waiting to see how MiCA (EU Markets in Crypto-Assets regulation) unfolds before making any domestic moves.
Status
Current crypto-friendly rules remain in effect. No confirmed changes for 2024.
Watchlist
MiCA implementation across the EU — Portugal's next move will likely follow its direction.
Tax Discount System: E-fatura
E-fatura lets you earn tax deductions when invoices are registered with your NIF. Before the year closes, make sure your 2023 invoices are in order. Here's how it works:
Add your NIF at point of sale
At stores, restaurants, hotels, and other eligible businesses, always provide your NIF when asked. This links the invoice to your tax profile.
Log in and confirm pending invoices
On the E-fatura portal, navigate to "Faturas" → "Adquirente" and confirm any invoices awaiting your approval.
Categorise and save
Assign each invoice to the correct deduction category, then hit "Guardar." Your discounts are unlocked.
Here's to ending 2023 on a high note
and diving into a crypto-filled 2024! 🚀
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