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Crypto tax in Cyprus 2026
From 1 January 2026 Cyprus taxes crypto gains at a flat 8% — one of the lowest dedicated rates anywhere — whether you sell for euros, swap coin for coin, gift the asset or spend it.
Mining sits outside the flat rate: mined assets fall under the ordinary income rules instead.
At a glance
- top rate
- 8% flat on gains
- entry band
- 8% from the first euro of gain
- tax year basis
- Calendar year
- filing deadline
- 31 July self-assessment with the annual return
- residency basis
- Residents; ordinary 183-day and 60-day rules decide
- regime flag
- Crypto-to-crypto swaps are taxable events — unlike in much of Europe
Rates
Crypto taxation for individuals (2026)
| Rate | Base | Applies to |
|---|---|---|
| 8% | Gain | Selling crypto for cash, exchanging one crypto asset for another, gifting crypto, or using it to pay |
| 0% – 35% (income scale) | Value / profits | Gains on crypto acquired through mining — excluded from the flat rate |
Thresholds & allowances
- Loss reliefSame-year crypto gains only
Crypto losses offset only other crypto gains of the same person in the same year — no carryforward
Residency
Residency trigger
Cyprus residents — including 60-day residents — pay the flat 8% on their crypto gains; the rate applies regardless of holding period.
Non-resident treatment
Non-residents are taxed in Cyprus only on Cyprus-source income; personal crypto gains of non-residents fall outside the Cypriot net.
Notes
- The 8% rate arrived with the 2026 reform, replacing an unlegislated grey zone — earlier years had no crypto-specific rule.
- Swapping coins is a disposal: each exchange crystallises a taxable gain or a (ring-fenced) loss at the 8% rate.
- Losses are strictly boxed in — usable only against same-year crypto gains, never carried forward or set against other income.
- Business-scale operations and mining are handled under the ordinary income rules, at scale rates up to 35%.
- Staking treatment under the new 8% crypto article is not pinned by official or major-firm guidance — verify before treating rewards as covered.
FAQ
How is crypto taxed in Cyprus?
At a flat 8% on gains from 2026 — covering sales, coin-to-coin swaps, gifts and payments; mining income is taxed under the normal scale instead.
Can I deduct crypto losses?
Only against crypto gains of the same year, at the same 8% layer — unused losses die at year-end and never offset salary or other income.
Figures: tax year 2026, compiled from public sources. Not tax advice.