Ireland
ModerateBitcoin & cryptocurrency tax overview
Capital Gains Tax
Disposal of cryptocurrency is subject to Capital Gains Tax (CGT) at 33%. An annual exempt amount of EUR 1,270 applies per individual. Losses can be offset against gains. Each disposal (sale, swap, or spend) is a taxable event.
Income Tax
Crypto received as income (e.g. from employment, staking rewards, airdrops, or mining) is subject to Income Tax, USC, and PRSI at marginal rates up to 52%. The value at receipt in EUR is the assessable amount.
VAT / GST
Exempt. Following the CJEU Hedqvist ruling (C-264/14), exchanging cryptocurrency for fiat or other crypto is VAT-exempt. Goods or services purchased with crypto may still attract VAT on the underlying transaction.
Mining Tax
Mining income for sole traders or businesses is treated as trading income subject to Income Tax at marginal rates (up to 55% including USC and PRSI for self-employed). Capital allowances may apply on mining equipment. Casual mining may be assessed under miscellaneous income.
Key Takeaways
- Ireland has a moderate approach to cryptocurrency taxation.
- Capital gains on Bitcoin: Disposal of cryptocurrency is subject to Capital Gains Tax (CGT) at 33%. An annual exempt amount of EUR 1,270 applies per individual. Losses can be offset against gains. Each disposal (sale, swap, or spend) is a taxable event..
- Income tax treatment for crypto: Crypto received as income (e.g. from employment, staking rewards, airdrops, or mining) is subject to Income Tax, USC, and PRSI at marginal rates up to 52%. The value at receipt in EUR is the assessable amount..
Tax Summary
In Ireland, profits from selling or disposing of cryptocurrency are subject to CGT at 33%, with an annual personal exemption of EUR 1,270. Crypto received as income, including staking rewards and mining proceeds, is taxed as ordinary income at marginal rates up to 52%. Revenue Commissioners have published guidance confirming these treatments, and all disposals must be reported on an individual's annual tax return.
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Disclaimer
This information is for general reference only and should not be considered tax advice. Tax laws change frequently and may vary based on individual circumstances, residency status, and transaction type. Always consult a qualified tax professional in your jurisdiction before making financial decisions based on this information.