Crypto tax in Cyprus

Crypto investors and traders need clear records and the right treatment for gains under the current Cyprus rules. We review your activity and prepare the reporting.

ForInvestors and traders
CoversGains and records
AdviserLicensed tax adviser
Check my case for freeSee the steps
A founder working on a laptop at a cafe terrace in LimassolChecked 28 October 2026

Steps and timeline

  1. 1

    Collect records

    Exchanges and wallets.

    1 week
  2. 2

    Classify

    Disposals, swaps and other crypto income.

    1 week
  3. 3

    Report

    In your return.

    yearly

Documents

For your tax adviser

0 of 4 ready

The exact list depends on your situation; we confirm it before filing.

Who does what

What you do

  • Share your situation and goals
  • Collect documents from home
  • Agree the scope of work in writing

What we do

  • Check the requirements for your case
  • Prepare the documents and file the application
  • Follow up until the decision

Your coordinator

  • Plans the work and next steps
  • Keeps one timeline for everything
  • Reminds you of renewals and deadlines

Common mistakes

  • Treating crypto-to-crypto swaps as tax-free: each swap is a disposal
  • Carrying a crypto loss forward: losses offset only gains of the same year
  • Missing the cost of each coin across exchanges and wallets
  • Using the flat rate for mined crypto: it is taxed under the normal rules

What affects the cost

The price depends on your situation. We explain the scope and expected costs before work begins.

Number of exchanges and walletsNumber of transactionsDeFi, staking or miningMissing cost records

Questions

Did the 2026 reform change crypto tax?

Yes. From 1 January 2026 gains from disposing of crypto-assets are taxed at a flat 8% (not for crypto acquired by mining). Losses offset only crypto gains of the same year.

Will exchanges report to the Tax Department?

Yes. Under DAC8, in force since April 2026, crypto-asset service providers will report to the Tax Department; deadlines are still to be announced.

What counts as a disposal of crypto?

Selling crypto, giving it away, swapping one crypto-asset for another and paying with crypto all count (Income Tax Law, section 20E). Simply holding it does not.

How much tax on a crypto gain?

Buy bitcoin for €20,000 in 2026 and sell it for €50,000: the €30,000 gain is taxed at 8%, so €2,400. A €5,000 loss on another coin in the same year lowers the gain to €25,000 and the tax to €2,000. A loss from an earlier year cannot be used.

Sources

Figures checked 28 October 2026. Rules change: we confirm them for your case before you act.

Check your case for free

A coordinator replies within one working day with the next steps.

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