Cryptocurrency Tax in Ireland — Revenue Rules and CGT Reporting
How Revenue taxes cryptocurrency in Ireland — CGT at 33%, USC and PRSI on crypto income, annual exempt amount, Form CG1 and filing deadlines.
This article was produced with AI assistance and reviewed for accuracy.
Content is for informational purposes only and does not constitute financial advice.
This guide is being expanded. For the full overview, see the Ireland crypto tax hub.
Frequently Asked Questions
What is the capital gains tax rate on cryptocurrency in Ireland?+
Ireland's Revenue applies a 33% capital gains tax (CGT) rate to cryptocurrency gains. This rate applies to profits made from disposing of cryptocurrency, whether through selling, trading, or exchanging crypto for goods and services. The CGT rate is higher than many other countries and applies to gains above the annual exempt amount.
Do I need to pay USC and PRSI on cryptocurrency income in Ireland?+
Yes, if you receive cryptocurrency as income (such as from mining, staking, or employment), it's subject to income tax, Universal Social Charge (USC), and Pay Related Social Insurance (PRSI). This is separate from capital gains tax and applies to crypto received as regular income rather than investment gains.
What is Form CG1 and when do I need to file it?+
Form CG1 is the Capital Gains Tax return required by Ireland's Revenue for reporting cryptocurrency capital gains. You must file this form if your total capital gains (including crypto) exceed the annual exempt amount. The form details your crypto transactions, gains, and any applicable reliefs or exemptions.
Is there an annual exempt amount for cryptocurrency gains in Ireland?+
Yes, Ireland provides an annual exempt amount for capital gains, which applies to cryptocurrency gains as well. Gains below this threshold are not subject to CGT. However, once your total capital gains exceed this amount, you must pay 33% CGT on the entire gain, not just the excess.