Cyprus Crypto Tax Calculator 2026 [Free]

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

Calculate capital gains tax on cryptocurrency disposals in Cyprus. From January 2026, gains from selling, swapping or spending crypto are taxed at a flat 8% rate (Article 20E, Cyprus Income Tax Law). Simply holding crypto is not a taxable event.

Disposal Details

Cost basis / purchase price (EUR)

Total EUR value paid when you acquired the crypto

Sale proceeds (EUR)

Total EUR value received on disposal

Tax Calculation

Sale proceeds€40,000

Cost basis€10,000

Capital gain€30,000

8% flat rate tax (Article 20E)€2,400

Net proceeds after tax

€37,600

Effective rate on proceeds

6.00%

Return on investment (before tax)300.0%

What counts as a taxable crypto event in Cyprus?

✕ Selling crypto for EUR or any fiat currency
✕ Swapping one cryptocurrency for another
✕ Spending crypto on goods or services
✓ Simply holding (HODLing) - not taxable
✓ Transferring between your own wallets - not taxable
✓ Receiving crypto as a gift - not taxable at receipt

Estimates based on Article 20E of the Cyprus Income Tax Law, effective January 2026. FIFO cost basis is assumed. DeFi, staking rewards and NFT disposals may have different treatment - consult a Cyprus tax advisor. Speak to a specialist.

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.