Crypto Taxes in Estonia 2026
22% income tax — how to calculate and declare
22%
Income tax rate
Apr 30
Declaration deadline
FIFO
Calculation method
Tax Calculator
22% income tax — how to calculate and declare
Profit
---
Tax (22%)
---
Net Profit
---
Staking income
Deadline: April 30
What is taxable?
Taxable (22%)
- Selling crypto at a profit — selling BTC/ETH etc. for EUR
- Crypto-to-crypto swaps — BTC to ETH is a taxable event
- Staking / lending income — received crypto is treated as income
- Paying for goods / services — paying with crypto counts as a sale
- Airdrops and rewards — treated as income upon receipt
Not taxable
- Buying crypto — EUR to BTC purchase is not taxable
- HODLing — holding without selling
- Wallet-to-wallet transfers — transferring between your own wallets
- Selling at a loss — losses can be offset against gains
How to calculate your tax
Estonia uses the FIFO method (First In, First Out) — the first cryptocurrency purchased is deemed sold first.
Example:
1 January: You buy 1 BTC for EUR 30,000
2 March: You buy 1 BTC for EUR 40,000
3 June: You sell 1 BTC for EUR 50,000
FIFO: the BTC purchased in January is sold first
Gain = 50,000 - 30,000 = EUR 20,000
Tax (22%) = EUR 4,400
Declaration deadline and process
How to declare:
- Log in to e-MTA (emta.ee) using ID-card, Mobile-ID or Smart-ID
- Select "Income tax return"
- Add crypto income to table 8.1 "Disposal of property"
- Enter purchase price, sale price and transaction date
- Submit the declaration before April 30
Recommendations:
- Keep a record of all transactions (CSV export)
- Use crypto tax software (Koinly, CoinTracker)
- Declare all transactions — including small ones
- Losses can be offset against gains in the same year
- When in doubt, consult a tax advisor
Choose a platform that simplifies tax reporting
Bybit offers transaction CSV export compatible with popular tax software. MiCA-licensed.
Open Bybit accountAffiliate link. Commission does not increase your costs.
Frequently Asked Questions
Yes. Profit from cryptocurrency is subject to 22% income tax. Tax is due on gains from selling, swapping for another crypto, staking income, and paying for goods or services with crypto.
The tax declaration deadline is April 30. You must declare all crypto transactions from the previous calendar year (2025). The declaration is filed through e-MTA.
No. Purchasing cryptocurrency (EUR to BTC) is not a taxable event. Tax only arises when you sell or swap crypto at a profit.
MiCA-regulated platforms are required to share client data with EU tax authorities (DAC8 directive takes effect in 2026). We recommend correctly declaring all transactions yourself.
Estonia uses the FIFO method (First In, First Out). This means the first cryptocurrency purchased is deemed sold first. Example: you bought BTC at EUR 30,000 and EUR 40,000. You sell 1 BTC at EUR 50,000. Gain = 50,000 - 30,000 = EUR 20,000. Tax = EUR 4,400.
