Crypto Tax Services

Recent Revenue Guidance on Crypto-assets - 2026

If you are tax resident in Ireland, cryptocurrency transactions may give rise to Income Tax, Capital Gains Tax (CGT), Corporation Tax or Capital Acquisitions Tax (CAT), depending on the nature of the transaction. Revenue treats crypto-assets as assets for tax purposes and taxpayers are expected to maintain detailed records of transactions and any gains, losses or income arising.

Whether you invest in Bitcoin, Ethereum, NFTs, staking platforms or other digital assets, understanding your tax obligations is essential to remain compliant and avoid unnecessary penalties and interest.

Do I have to pay tax on cryptocurrency in Ireland?

In most cases, yes.

Revenue does not operate special tax rules for cryptocurrencies. Instead, existing Irish tax legislation applies depending on the nature of the activity. Gains arising on the disposal of crypto-assets may be subject to Capital Gains Tax, while certain activities such as staking rewards, mining income and crypto received for services may be taxable as income

What is Disposal?

A disposal occurs whenever you cease ownership of a crypto-asset.

Common examples include:

Selling cryptocurrency for Euro or another fiat currency
Exchanging one cryptocurrency for another
Using cryptocurrency to purchase goods or services
Gifting cryptocurrency to another person

Each disposal may create a taxable event and should be reviewed when calculating your tax liability.

Is any of this tax-free?

The first €1,270 of your gains is tax-free. This is a yearly allowance.

When do you pay your CGT?

Revenue has added a complication here, and there are two payment dates:

For disposals made between the 01 Jan and the 30th of November, you need to pay the CGT by the 15th of December.

For disposals made between 01 Dec and the 30th of Dec, you need to pay the CGT by the 31st of Jan of the next year.

So basically, you need to pay your CGT in the same year that you dispose of the cryptocurrency. While CGT payment is due by December 15th or January 31st (depending on disposal date), you must file your CGT return by October 31st of the year following the disposal.

Late payment will incur an interest charge. A late return will incur a penalty.

What if you have losses on your cryptocurrency assets?

CGT is only paid at the disposal of the cryptocurrency. If within the calendar year, you have losses on some disposals but gains on others – then normally the net amount is subject to CGT.

What if you re-invest your profit into more Cryptocurrency?

Even if all your cash is tied up in Cryptocurrency at the end of the year, you still need to pay CGT on the net gains from your trading/disposals.

How do you pay CGT?

You must register for CGT and then pay using ROS or myAccount. This applies to individuals and companies that may need to pay CGT.

Are tax authorities focusing on this?

Yes, and not just in Ireland. In the UK it was widely reported that HRMC asked for Coinbase to provide records of UK customers who received more than £5,000 last year.

There is a clear electronic trail of all transactions, so it would not be difficult for Revenue to analyse these and check if CGT was paid.

The message from Revenue is clear here. If you make profits on cryptocurrency, then you need to pay your taxes.

How will Revenue know about your various crypto accounts?

If you have an account with any of the European digital currency exchanges, then in all likelihood Revenue already has your data.

There is a raft of new EU directives on data sharing and money laundering which are likely to give Revenue the authority to look into crypto companies' accounts and their customer's various assets and transactions.

How is Staking taxed in Ireland?

Interest from Staking is normally treated as income and taxed at the marginal rate.

If you are already a PAYE employee, then any interest from staking is considered extra income on top of your PAYE salary.

This can be taxed at 20% or 40% for income tax (depending on your tax band), plus PRSI and USC, which can bring the total effective rate to around 52% for higher earners.

How is Crypto Mining taxed in Ireland?

Any profit from Crypto mining are viewed as income and thus subject to income tax/corporation tax rather than CGT.

In the case where the mining activity does not amount to a specific trade, the value of any crypto-assets or fees received for successful mining, less allowable expenses, may be taxable as income.