Services / Crypto Tax
Crypto tax done right.
Revenue-compliant, every time.
Irish crypto investors face 33% CGT on every disposal — including swaps. DeFi, NFTs, staking, and airdrops each have distinct tax treatment. Finlay Mulligan are the chartered accountants who get crypto tax right.
What we cover
Crypto tax is complex — different assets and activities are treated very differently by Revenue. We handle the full spectrum.
- Capital Gains Tax (CGT) calculation on disposals
- Income tax on mining and staking rewards
- DeFi protocol tax treatment
- NFT sale and creation tax advice
- DAO token and governance token treatment
- Airdrops, hard forks, and ICO tax
- Transaction history reconciliation
- Form 11 (CGT and income sections)
- Revenue voluntary disclosure support
- Prior year crypto tax review
- Crypto-to-crypto exchange treatment
- Record-keeping systems and advice
Tax events at a glance
Selling crypto for EUR
CGT at 33%
Crypto-to-crypto swap
CGT at 33% on gain
Buying goods/services with crypto
CGT on the disposal
Mining rewards received
Income Tax at marginal rate
Staking rewards received
Income Tax at marginal rate
Airdrops received
Income Tax at marginal rate (in most cases)
NFT sale proceeds
CGT on profit
DeFi liquidity provision
Complex — case-by-case treatment
Revenue is watching the crypto space
Under EU DAC8, from 2026 every European crypto exchange must report all Irish-resident customers to Revenue. Irish exchange data has been collected since 2022 under CRS. Voluntary disclosure now is significantly better than waiting for a Revenue audit.
Crypto Tax FAQs
Do I need to pay tax on cryptocurrency gains in Ireland?
Yes. Revenue requires Irish residents to declare and pay Capital Gains Tax (CGT) at 33% on crypto disposals — including selling, swapping crypto for crypto, or spending crypto. Losses can be offset against gains in the same year.
Is crypto-to-crypto trading taxable in Ireland?
Yes. Revenue treats each crypto-to-crypto swap as a disposal and reacquisition. If you swap Bitcoin for Ethereum and the Bitcoin has increased in value since you acquired it, that is a taxable gain — even if you did not touch EUR.
When is crypto income taxable vs capital gains?
Crypto received as income — through mining, staking, airdrops, or salary — is taxed as income at your marginal rate (up to 40% + USC + PRSI). When you later dispose of that crypto, any further gain is taxable as CGT at 33%.
What records does Revenue require for crypto?
Revenue expects records of every transaction — date, amount, EUR value at time of transaction, acquisition cost, and disposal proceeds. Exchange CSVs, blockchain records, and DeFi protocol histories all form part of your records.
What if I did not declare crypto gains in previous years?
Revenue is increasingly active in crypto compliance. A voluntary disclosure — submitting and paying back taxes before Revenue contacts you — attracts significantly lower penalties than a Revenue-initiated audit. We assist with prior year disclosures.
Does Revenue know about my crypto holdings?
Irish exchanges are required to report to Revenue under CRS (Common Reporting Standard) and the EU DAC8 directive (from 2026) requires EU crypto exchanges to report all Irish-resident customers. Transparency is increasing significantly.
Get your crypto tax sorted
Tell us your situation — exchange history, DeFi activity, approximate gain size. We will advise on what is owed and how to get compliant.