Crypto Tax in Cyprus

A structured summary of how individual crypto taxation works in Cyprus — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — Cyprus

General Information

Default Framework

IFRS

Crypto Classification

Intangible Asset, Inventory

Tax Year

Calendar Year (M12)

Functional Currency

EUR

FX Source (Reporting)

ECB

FX Source (Tax)

ECB

Transaction Rate

Daily Spot

Hyperinflationary

✗ No

Individual Tax — Regime

Tax Regime

Exempt

CGT only applies to immovable property in CY. Crypto gains exempt for individuals.

Tax Rate

0% (exempt)

0% for individual investors. Professional trading = income tax.

Individual Tax — Cost Basis

Measurement Basis

Historical Cost

Cost Method

FIFO

Method Electable

✓ Yes

Permitted Methods

FIFO, WAVG

Country Override

Standard

Individual Tax — Exemptions

CGT Exempt

✓ Yes

CGT only on CY immovable property. Crypto not covered.

Holding Period

—

HP Benefit

—

Annual Exemption

—

Threshold Exemption

—

Individual Tax — Anti-Avoidance

Wash Sale

✗ Off

Same-Day Rule

✗ No

Superficial Loss

✗ No

Loss Restriction

Unrestricted

Loss Carryforward

Unlimited

See your own numbers for Cyprus

CryptaTax computes your gains, income and tax reports for Cyprus automatically across 90 blockchains and 49 exchanges.

Get started free

Is crypto taxed for individuals in Cyprus?

Cyprus applies a Exempt treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does Cyprus use?

See the cost-basis section above for the default method and the alternatives Cyprus permits for individuals.

Other jurisdictions

Austria Belgium Bulgaria Croatia Czechia Denmark Estonia Finland Crypto Tax by Country →