How is cryptocurrency taxed in Estonia?

Profit from selling cryptocurrency is taxed at 22% income tax. Only profit (sale price minus purchase price) is taxable. Staking and lending income is also taxable at market value when received.

How to declare cryptocurrency income?

File your tax declaration in e-maksuamet by April 30. Add crypto income under "Other income". Use the FIFO method (first in, first out) to calculate profit.

Is crypto-to-crypto exchange taxable?

Yes, exchanging one cryptocurrency for another (BTC to ETH) is a taxable event in Estonia. The profit in euros at the time of exchange is taxable.

What is the FIFO method?

FIFO (First In, First Out) means the first cryptocurrency purchased is considered the first sold. Example: bought 1 BTC at 30,000 EUR, later 1 BTC at 40,000 EUR. Sold 1 BTC at 50,000 EUR. Profit = 50,000 - 30,000 = 20,000 EUR.

Cryptocurrency Taxation in Estonia 2026

Everything about crypto taxation: 22% income tax, FIFO method, staking income declaration and tax calculator.

Cryptocurrency taxation in Estonia is straightforward: profit from selling cryptocurrency is taxed at 22% income tax. Only profit — the difference between sale price and purchase price — is taxable.

Declaration is done annually in the tax return. Deadline is April 30. Crypto income is declared in e-maksuamet under "Other income".

The FIFO method (First In, First Out) is used to calculate profit — the first cryptocurrency purchased is considered the first sold.

What is Taxable?

Taxable

Selling crypto at a profit (EUR)
Crypto-to-crypto exchange (BTC to ETH)
Staking rewards (at market value)
Lending income (interest)
Mining income
Airdrops and bonuses

Not Taxable

Buying cryptocurrency (deposit)
Holding cryptocurrency (HODL)
Transferring between wallets
Selling at a loss
Gifting (recipient declares)

Crypto Tax Calculator

Tax Calculator

22% income tax — how to calculate and declare

Purchase price (EUR)

Selling price (EUR)

Amount

Staking income

Staking income (EUR)

Deadline: April 30

Tax Calculation Examples

Example 1: Bitcoin Sale

Bought: 1 BTC at 30,000 EUR

Sold: 1 BTC at 50,000 EUR

Profit: 50,000 - 30,000 = 20,000 EUR

Tax: 20,000 x 22% = 4,400 EUR

Example 2: Staking Income

Earned staking: 0.5 ETH

ETH market price: 3,500 EUR

Income: 0.5 x 3,500 = 1,750 EUR

Tax: 1,750 x 22% = 385 EUR

Automatic Crypto Tax Reporting

Koinly imports transactions from all exchanges and calculates taxes automatically. Supports Estonia's 22% income tax and FIFO method.

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