Guide to Crypto Taxes in Ireland for 2025

Yes. The Revenue Commissioners treat crypto as property. Profits on disposal are subject to capital-gains tax unless the activity amounts to a trade, in which case profits are taxed as income. Payments or rewards received in crypto are income on the day received.

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• Capital gains tax (CGT): 33% on net gains above the €1,270 annual exemption.

• Income tax: 20% on income within the standard band; 40% on income above that band.

• Universal Social Charge: up to 11 % (8 % main top rate, rising to 11 % on non-PAYE income > €100,000).

• PRSI: generally 4% for self-employed income.

Buying and holding cryptocurrency

Buying with euros and holding in a personal wallet is not taxed. Keep purchase invoices for cost-basis records.

Selling cryptocurrency

Selling for euros or spending crypto on goods counts as a disposal. Calculate gain or loss in euros at the time of sale.

Mining and staking cryptocurrency

Block rewards and staking payouts are income on receipt at euro market value. Later disposals create separate CGT events using that value as cost basis.

Crypto-to-crypto trades taxed

Swapping BTC for ETH or using a bridge is treated as two disposals. Work out euro values for both legs at the time of the swap and report any gain or loss.

Receiving cryptocurrency as payment

Salary, freelancing fees, or airdrop rewards received for a service are taxable income. Employers should operate PAYE on salary paid in crypto.

Learn more about crypto tax free countries.

Net your gains and losses for the year. Offset brought-forward capital losses if available. Apply the first €1,270 exemption, then pay 33% CGT on the balance. Losses that cannot be used this year carry forward indefinitely.

Capital losses offset current or future capital gains but cannot reduce income. Losses from a trading business can offset trading income subject to usual trading-loss rules.

If an airdrop is unsolicited and no service is provided, Irish Revenue has not issued specific rules; most advisers treat it like a gift and defer tax until disposal. If the airdrop is compensation for staking or promotion, treat market value on receipt as income.

Follow general principles:

• Depositing tokens into a liquidity pool is normally a disposal of the original asset.

• Yield is income when credited.

• Receipt tokens are new assets with their own cost basis.

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Trading income earned by a company is taxed at 12.5%. Passive crypto gains are charged at 25%, and chargeable gains are taxed at 33%. Companies must file Form CT1. Large companies pay preliminary tax in two instalments (month 6 and month 11); smaller companies can pay a single instalment in month 11.

Virtual-asset service providers must register with the Central Bank of Ireland under anti-money-laundering rules. Registration requires risk assessments, customer due diligence, and ongoing reporting.

If your crypto activity constitutes a trade (high frequency, commercial intent, organised record-keeping), profits are income, not capital gains. Deduct allowable business expenses such as exchange fees and electricity for mining.

Learn how to reduce your crypto taxes.

Paying with crypto is a disposal for CGT. Businesses that accept crypto must record euro value and charge VAT on the underlying goods or services, not on the crypto itself.

• Buying crypto with euros.

• Moving crypto between wallets you own.

• Holding crypto long term.

Keep transaction dates, euro values, wallet addresses, exchange statements, and invoices for at least six years, as required under Irish tax law.

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• December 15: pay CGT on gains realised January 1 to November 30.

• January 31: pay CGT on gains realised in December.

• October 31: file Form 11 income-tax return and pay any balance of income tax, USC, PRSI, and CGT. ROS users often receive a short extension.

Store the transaction ID, token name, quantity, euro value at the time of each event, exchange fees, and the purpose of the transaction.

Most individuals use Revenue Online Service. Enter crypto gains in the Capital Gains panel and crypto income in the self-employed or other income section. Attach detailed calculations if requested.

Convert every transaction to euros on the date of the event, classify each item as income or disposal, apply the €1,270 CGT exemption and 33% rate, then apply income tax, USC, and PRSI to trading or reward income. TokenTax can automate conversions and summaries.

Irish crypto taxes FAQs

How is transferring crypto between different wallets taxed in Ireland?

Transfers between wallets you control are not disposals, but keep records to prove ownership of both wallets.

When do you need to report your crypto taxes?

Report gains in the year you dispose of the asset and file Form 11 by October 31 of the following year. Pay CGT on schedule in December or January as required.

Do I need to pay taxes on crypto gifts or donations?

Giving crypto is a disposal for CGT. Recipients may owe Capital Acquisitions Tax if the gift exceeds the relevant group threshold.

Are NFT sales and purchases taxable?

Buying an NFT sets a cost basis. Selling or swapping the NFT is a CGT disposal. Any income from creating and selling an NFT is trading income.

Do I need to report crypto held in foreign exchanges?

Yes. Irish residents are taxed on worldwide income and gains, so include foreign exchange activity in your Form 11.