Your Guide to Crypto Taxes in Ireland: File with Confidence

Navigating the world of crypto can be as exciting as it is mysterious. If you got involved last year, you’ve likely felt the thrill of digital investments—but now it’s time to face the next frontier: taxes.

We know, crypto tax can feel like a maze. But with the right information (and bunq by your side), it doesn’t have to be stressful. Whether you’re reporting capital gains or income, we’re here to help you understand what’s expected by Revenue and how to file confidently.

Let’s break it all down so you can take on your 2025 return with ease.

Is Crypto Taxed in Ireland?

Yes—crypto is treated as property by Revenue. That means how you’re taxed depends on how you use it.

You may need to pay tax if you:

• Sell or swap crypto for a profit

• Get paid in crypto (salary, freelance work, etc.)

• Receive rewards from staking or mining

• Spend crypto to buy goods or services

What’s Not Taxed

You won’t owe tax in Ireland when you:

• Buy crypto with euros

• Move crypto between your own wallets

• Hold crypto long term

Still, it’s important to keep solid records—even for untaxed events—to make future reporting easier.

Irish Crypto Tax Rates

Capital Gains Tax (CGT):

• 33% on net gains above the €1,270 annual exemption

• You can offset any capital losses, and carry unused ones forward

Income Tax (for rewards or business activity):

• 20% (standard band) or 40% (higher band), depending on your income bracket

• Plus Universal Social Charge (USC): up to 11%

• Plus Pay Related Social Insurance (PRSI): typically 4% if self-employed

Frequent traders or commercial activity may be taxed as income rather than capital gains. Revenue assesses these on a case-by-case basis. 

Common Crypto Scenarios

• Selling or Spending Crypto:

  Taxed as a disposal. Any profit is subject to CGT.

• Staking or Mining:

  Treated as income on the day received, using euro value at the time. Selling it later? That’s a separate CGT event.

• Swapping One Crypto for Another:

  Seen as two disposals. You’ll need to calculate the euro value of both sides.

• Getting Paid in Crypto:

  It’s income the day you receive it. If you’re an employer paying in crypto, PAYE obligations apply.
  
  

• Gifting Crypto:

  Receiving crypto as a gift or via inheritance may trigger Capital Acquisitions Tax (CAT) if over a threshold.

• Crypto Airdrops:

  Receiving Airdrops are taxed as income when received, unless truly unsolicited.

• Corporate/business activity:

  Corporation Tax may apply for companies, and trading as a professional may trigger different treatment.

When to File and Pay

• 15 December – CGT due on gains made 1 Jan–30 Nov

• 31 January – CGT due on gains made in December

• 31 October – Income Tax Return (Form 11) due, including crypto income

  ROS users often get a short extension

Crypto Tax Filing Tips

1. Track Your Activity

Keep records of all your trades and transfers throughout the year. Don’t wait until tax season.

2. Export Your bunq Bank Statements

If you used bunq for crypto-related activity, your transaction history is ready whenever you need it:

1. Open the bunq app and tap your Profile in the top left

2. Select ‘Accounting’

3. Tap ‘Export Bank Statement’

4. Choose your date range and file format (PDF, CSV, or MT940)

5. Tap ‘Export Statement’

This will include all relevant transactions across your bunq accounts, which is helpful when calculating your crypto tax declaration.

Visit help.bunq.com for more information on this topic.  

3. Use a Local Tax Tool

Tax rules vary by country. Use a local tax platform or speak with a certified advisor who understands crypto investing in the EU. This helps ensure you file accurately and avoid any surprises.

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Make Tax Season Easy

Crypto tax might sound intimidating—but it doesn’t have to be. Whether you’re holding, trading, or earning in crypto, bunq gives you the tools to keep your records in order and stay Revenue-compliant with less stress.

Sources:
Revenue.ie: Tax and Duty Manual – Cryptocurrency and Taxation in Ireland (PDF)
TokenTax: Crypto Taxes in Ireland – What You Need to Know