Crypto Tax Ireland – 33% CGT and Revenue Commissioners Rules
Apply 33% CGT, the €1,270 annual exemption and prepare your CG1 crypto declaration.
Ireland's Revenue Commissioners tax cryptocurrency disposals at 33% CGT – one of the highest CGT rates in the EU. Each taxpayer has a €1,270 annual CGT exemption. Unlike in Germany or Portugal, there is no holding period relief. CoinTaxReporting calculates gains using the FIFO method, applies the annual exemption, and produces your CG1 form values.
You receive a structured report with per-disposal FIFO calculations in EUR, annual exemption applied, income events (staking, mining) documented, and CG1 form values for your Irish tax return.
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What is the crypto tax rate in Ireland?
33% CGT applies to all cryptocurrency disposals. There is a €1,270 annual exemption per person. No discount for long-term holding.
When are crypto gains reported in Ireland?
Gains made between 1 January and 30 November must be paid by 15 December. Gains in December must be paid by 31 January of the following year. The CG1 form is filed with the annual tax return.
How is staking income taxed in Ireland?
Staking rewards are typically taxed as income under Schedule D, Case IV (miscellaneous income) at Income Tax rates – 20% or 40% depending on total income.
Can I offset crypto losses in Ireland?
Yes. Capital losses offset capital gains in the same tax year. Unused losses carry forward indefinitely against future capital gains.
Irish Crypto Tax – 33% CGT with no holding period relief
Ireland applies a flat 33% CGT to all cryptocurrency disposals regardless of how long you held the asset. Combined with the €1,270 annual exemption, this makes Ireland one of the highest-CGT jurisdictions in Europe for crypto. Revenue has been actively issuing guidance since 2018.
The two CGT payment deadlines
- 1 Jan – 30 Nov gains: CGT must be paid by 15 December of the same year
- December gains: CGT must be paid by 31 January of the following year
- Failure to pay on time incurs interest at 0.0219% per day
- CG1 form reported with the annual Form 11 or Form 12 tax return
Income Tax vs. CGT for crypto events
- CGT (33%): Selling, swapping, spending, gifting crypto
- Income Tax (20% or 40%): Staking rewards, mining income, airdrops for services
- USC and PRSI may also apply to income events depending on employment status