Crypto Tax in Poland: 2025 Guide
Is the sale of crypto taxed in Poland?
The taxation of cryptocurrencies in Poland is governed by the Personal Income Tax Act (PIT). Since 2019, cryptocurrency transactions have been clearly classified for tax purposes as the sale of virtual currency for consideration. These transactions must be reported using the PIT-38 form.
Who must pay tax on cryptocurrencies in Poland?
The PIT-38 declaration must be submitted by individuals who:
- have obtained income from the sale of cryptocurrencies,
- have not earned income but have incurred expenses for purchasing virtual currency,
- run a business activity, but their cryptocurrency trading occurs outside the scope of that business.
How to calculate tax on cryptocurrencies in Poland?
The tax base is the income, defined as the difference between the revenue earned and the costs incurred to obtain it.
Crypto Income
The following are considered income when exchanging virtual currencies:
- legal tender (e.g., PLN, EUR),
- goods or services,
- other property rights (excluding cryptocurrencies).
The exchange of one cryptocurrency for another is tax-neutral.
Crytpo Tax-deductible Costs / Expenses
Only expenses directly related to the acquisition or disposal of cryptocurrencies may be treated as tax-deductible, including:
- documented purchase costs,
- exchange and currency exchange fees.
The following are not considered tax-deductible costs:
- financing of the purchase (e.g., loans),
- expenses for mining equipment,
- electricity used for mining,
- costs incurred when exchanging one cryptocurrency for another.
Costs may also be reported in the PIT-38 even if no sale has taken place. Any excess costs may be carried forward to future tax years.
Income – how much is the tax on cryptocurrencies in Poland?
Income from the sale of virtual currencies is taxed at a flat rate of 19%.
There are no applicable deductions or exemptions.
How and when the Crypto Tax Reporting form shall be submitted in Poland?
The Crypto tax reporting form – PIT-38 can be submitted:
- in paper form at the tax office or by registered mail,
- electronically via e-Deklaracje or Twój e-PIT.
Submission period: from February 15 to April 30 of the year following the tax year.
Are crypto donations tax deductible in Poland?
A donation of virtual currency is not subject to PIT, but to the inheritance and gift tax. The tax is paid by the recipient, and the amount depends on:
- the applicable tax group (I, II, III),
- the value of the donation,
- timely reporting (e.g., SD-Z2 for group 0 within 6 months).
The value of the donation is determined based on market prices on the transfer date.
Is selling gifted crypto tax-free in Poland?
No, a person who receives cryptocurrency as a donation and subsequently sells it must pay 19% income tax on the income earned.
Since no financial outlay was incurred, the recipient cannot report the cost of acquiring the cryptocurrency. However, expenses directly related to the sale, such as exchange fees, may be treated as tax-deductible costs.
Note that in this case, the provision allowing tax exemption on sales made after six months from the date of acquisition does not apply, as cryptocurrencies are not classified as goods under the PIT Act.
Is there a minimum threshold for paying cryptocurrency tax in Poland?
No. The regulations do not establish a minimum threshold for when a tax obligation arises. All income derived from cryptocurrency trading, regardless of amount, must be reported in the annual PIT return.
This means both small and substantial profits are subject to taxation. It’s also important to note that the PIT-38 filing obligation applies even to those who did not earn income but incurred costs related to purchasing cryptocurrencies.
Can an invoice be issued in cryptocurrency in Poland?
Yes. Although Article 106e of the VAT Act requires that the VAT amount be expressed in Polish zloty, there are no legal barriers to indicating cryptocurrency as the form of payment.
For invoices issued in a foreign currency, the value must be converted to PLN using the applicable exchange rate.
Can an invoice be paid with cryptocurrency in Poland?
Yes. If both parties agree, it is possible to pay an invoice using cryptocurrency, such as bitcoin, ethereum, or another virtual currency.
The law does not prohibit this form of payment – the choice of payment method is up to the parties involved. However, such transactions may entail additional tax obligations.
Crypto Tax In Poland – Table of Key Facts
| Details | |
|---|---|
| Crypto Tax – Reporting Form | PIT-38 |
| Tax rate | 19% flat rate |
| What is taxed? | Exchange of crypto for fiat, goods, services, or property rights |
| Not taxed | Exchange of one cryptocurrency for another |
| Tax-deductible costs | Purchase costs, exchange fees |
| Non-deductible costs | Mining equipment, electricity, loans, crypto-to-crypto exchange |
| Carry-forward of costs | Allowed if declared, even without sale |
| PIT-38 deadline | 15 Feb – 30 Apr of the following year |
| Crypto donations | Subject to inheritance/gift tax (not PIT) |
| Selling donated crypto | Taxable at 19%; no purchase cost deductible |
| Minimum threshold | No minimum – all crypto income must be reported |
| Invoice in crypto | Allowed (must convert VAT to PLN) |
| Invoice payment in crypto | Permitted if both parties agree |
Settling transactions involving virtual currencies requires careful record-keeping and ongoing awareness of current legal regulations. Particular attention should be paid to correctly identifying income sources, accurately determining when the tax obligation arises, and properly documenting costs. Following these principles helps reduce tax risk and ensures compliance with applicable laws.
Need help with crypto tax reporting in Poland? Contact us to stay fully compliant with 2025 regulations.
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