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ARTICLE · 12 MAY 2022

Taxing Cryptocurrencies In Ireland

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Instead, the treatment of crypto assets depends on the general principles of Irish tax law. Irish Revenue have also issued some guidance on particular tax aspects of crypto assets.

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Instead, the treatment of crypto assets depends on the general principles of Irish tax law.  Irish Revenue have also issued some guidance on particular tax aspects of crypto assets.  There is very broad range of crypto assets, with a wide range of features and exposures. 

This article focuses solely on the taxation of cryptocurrency assets such as Bitcoin.  Different treatments may apply to other crypto assets, such as stable coins and NFTs.

Purchasing cryptocurrency

Purchasing assets will generally not, by itself, give rise to any taxes.  No stamp duty should generally be payable (once the transaction is effected wholly online), nor should any VAT generally be due. 

Irish resident individuals selling cryptocurrency

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