Quick Answer
From January 2026, Cyprus taxes cryptocurrency disposal gains at a flat 8% rate under Article 20E of the Income Tax Law. This applies to selling, swapping or spending crypto. Simply holding cryptocurrency is not a taxable event. Losses from crypto disposals cannot be offset against other income. Before 2026, crypto gains were not taxed in Cyprus.
Cyprus Crypto Tax Calculator 2026 [Free]
Cyprus introduced a flat 8% tax on cryptocurrency gains from January 2026 under Article 20E of the Income Tax Law. This applies to all Cyprus tax residents disposing of cryptocurrency - including Bitcoin, Ethereum, and other digital assets. The 8% rate applies to net gains (proceeds minus cost basis). Simply holding crypto, transferring between your own wallets, or receiving crypto as a gift are not taxable events. Note that crypto gains in Cyprus are taxed separately from other income - the progressive income tax brackets do not apply.
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Does this apply to your situation?
Tell us your situation and we'll connect you with our specialist expat advisory firm in Cyprus. They have years of experience managing relocations like yours.