Taxation on cryptocurrency in Austria

Note: Please note that Bitpanda does not provide tax, legal or accounting advice. The material of this article has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should always consult your own tax and financial advisor. Bitpanda does not provide any tax advice. You can check out the History section on Bitpanda, and the Partners section on Bitpanda Pro for third-party tax reporting solutions. For specific tax-related questions, please always contact a financial advisor/tax consultant.

As of March 1, 2022, a reformed crypto tax protocol has been in place in Austria. This new protocol entails significant changes regarding which crypto-related activities are considered taxable under Austrian law. In addition, a new crypto tax rate has been introduced.

For more information about the taxation on realised capital gains from cryptocurrencies, please refer to section 27b of the EStG (Austrian Income Tax Act).

Non-taxable services on Bitpanda

The following activities on Bitpanda are currently not subject to taxation for taxable users in Austria:

  • Buying crypto with fiat
  • Holding crypto without selling
  • Moving crypto between wallets
  • Trading crypto to crypto

Bitpanda Swaps and Index rebalancing

The rebalancing of our Bitpanda Crypto Indices is treated as crypto-to-crypto trading and is thus excluded from taxation.

Our Bitpanda Swap product is currently treated as crypto-to-crypto trading and is thus excluded from taxation. As the BMF (Federal Ministry of Finance) is still working on a more detailed regulation in this regard, this information might be subject to change in the future.

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