Invoiceum
Sign in Create account

Country guide for Portugal. Also read the general guide to accepting crypto into a non-custodial company wallet , browse the EU crypto-payments hub, and see all country guides.

Can a Portuguese Company Accept Cryptocurrency Payments?

Yes. A Portuguese company can generally agree to receive a cryptoasset as consideration for its own goods or services.

This guide focuses on a customer paying directly into a non-custodial wallet controlled by the merchant. The payment does not pass through a processor that takes custody, exchanges the asset or settles funds for the seller.

Cryptoassets are not legal tender, but Banco de Portugal notes that they may be used as a means of exchange for goods and services. The company must still issue the required invoice, value the transaction and comply with tax and accounting rules.

Official source: Banco de Portugal — What Are Cryptoassets?.

MiCA in Portugal

Portuguese Law 69/2025 implements national elements of MiCA and allocates responsibilities between Banco de Portugal and the CMVM. The legacy transition for qualifying virtual-asset businesses ran until 1 July 2026 or an earlier authorisation decision.

MiCA authorisation applies to the professional provision of defined cryptoasset services, including custody for clients, exchange, trading platforms, order services and transfers on behalf of clients.

Direct receipt into the merchant's own wallet for its own invoice is not one of the listed services. This is an inference from the defined activities and does not cover a company that acts as a payment intermediary for others.

Official sources: Portuguese Law 69/2025, EU MiCA Regulation.

When Is a Regulatory Review Required?

The company should obtain specific advice if it:

The non-custodial label is helpful only if the actual payment flow confirms that neither Invoiceum nor another intermediary controls the customer's or merchant's assets.

Portuguese Tax and Accounting Treatment

The Portuguese Tax Authority has published a binding-information document addressing cryptoassets received as consideration for professional services. It treats the receipt as non-cash consideration that must be valued under the applicable income and VAT rules. That ruling concerns its particular facts, but it confirms the importance of a euro valuation when services are paid in crypto.

For companies, the original sale should be recognised under the ordinary corporate accounting and tax rules, while the cryptoasset received must be recorded and classified separately. Portugal's Accounting Standards Commission notes that a cryptocurrency that is not cash or another financial instrument will generally be a non-monetary asset.

Keep:

Official sources: Portuguese Tax Authority — Cryptoassets Received for Services, Portuguese Accounting Standards Commission — Business FAQs.

VAT and Portuguese Invoice Requirements

The method of payment does not remove VAT from an otherwise taxable supply. The company must determine the normal VAT treatment and preserve the euro taxable value.

The Portuguese Tax Authority states that a business or professional activity generally requires an invoice for every supply of goods or services. Invoices are normally issued by the fifth business day after the supply, or on the advance-payment date if payment comes first. A receipt documents payment and is associated with the invoice.

Official source: Portuguese Tax Authority — Invoice and Receipt.

EU Travel Rule and the Company Wallet

Where a CASP participates in the transfer, EU Regulation 2023/1113 requires originator and beneficiary information. For a transfer above EUR 1,000 between a CASP and its client's self-hosted address, the CASP must verify ownership or control of the address.

The company should be prepared to demonstrate that the legal entity controls the receiving wallet. This is not a EUR 1,000 cap on direct payments.

Official source: EU Transfer of Funds Regulation.

How to Use Invoiceum in Portugal

Invoiceum.com can help structure the commercial invoice data and payment instructions.

Recommended information includes:

  1. Supplier name, address and NIF/VAT details.
  2. Customer information.
  3. Sequential invoice number and relevant dates.
  4. Description, euro price and VAT treatment.
  5. Token, contract address and blockchain network.
  6. Company-controlled receiving wallet.
  7. Rate source, quote expiry and confirmations.
  8. Refund and incorrect-network terms.

After receipt, link the Invoiceum record with the transaction hash, receipt time, euro value and associated receipt or payment status.

Invoiceum should not be described as certified Portuguese invoicing software or as automatically communicating invoice data to the Tax Authority unless its current technical and legal documentation expressly confirms those functions. Use it alongside the company's compliant invoicing and accounting process where necessary.

Recommended Portuguese Workflow

  1. Confirm that payment is for the company's own goods or services.
  2. Check that no custody, exchange or client-transfer service is provided.
  3. Price the supply and calculate VAT in euros.
  4. Issue the required Portuguese invoice within the applicable deadline.
  5. Provide the approved wallet instructions through Invoiceum.
  6. Perform proportionate customer, sanctions and wallet screening.
  7. Record the euro value and issue or associate the receipt as required.
  8. Track the later cryptoasset disposal separately.

Frequently Asked Questions

Can a Portuguese company accept Bitcoin for services?

Yes, subject to normal commercial, tax, accounting and compliance requirements.

Does direct acceptance require a MiCA licence?

Not generally where the company merely receives consideration for its own supply. Custody, exchange and transfer services for clients require separate analysis.

Is crypto legal tender in Portugal?

No. Banco de Portugal does not treat cryptoassets as true currency or legal tender, although parties may use them as a means of exchange.

Does the company still need a Portuguese invoice and receipt?

Yes. The blockchain transfer does not replace the required commercial and tax documents.

Can Invoiceum replace certified invoicing software?

Do not assume so. Invoiceum can document the crypto payment; Portuguese software certification and reporting requirements must be handled by a verified compliant process.

Official Sources

This page provides general information and is not legal, tax or accounting advice.

Related country guides

Last reviewed: August 2026.