Cyprus Crypto Tax Calculator 2026

Mode 1 — Single disposal. Enter the sale proceeds, your acquisition cost, exchange fees, gas fees and any other allowable expenses. The calculator returns the net gain, the 8% tax, and the effective rate as a percentage of proceeds. Use this for a one-off sale — a single Bitcoin cashed out, or a token swapped for another where you know the euro values.

Mode 2 — Full tax year. Enter every disposal for the tax year. The calculator nets gains against losses within the year only, then applies 8% to the net gain. If your losses exceed your gains, the unused losses are displayed explicitly with a warning that they cannot be carried forward. Click "Import CSV" to upload your exchange export instead of typing each row — the importer maps common column names automatically.

Mode 3 — Mining and staking. The two-moment calculation. First, enter each reward event with the date and the euro value on the day it landed in your wallet — this is ordinary income at receipt, taxed at progressive rates up to 35% for individuals or 15% CIT for companies. Then enter the disposal of those tokens, with the cost basis set to the receipt value. The calculator returns the income tax, the 8% disposal tax, and the combined effective rate on the position.

Article 20E overrides the general loss rules in Article 13 for crypto disposals. Losses can be set off only against profits from crypto disposals, only within the same tax year. They cannot be carried forward to next year. They cannot be surrendered as group relief to another company in your group. They cannot offset against salary, dividend, rental, or any other income source.

This is why Mode 2 of the calculator shows unused losses in red with an explicit warning. If you have €60,000 of gains in 2026 and €40,000 of losses in 2027, you pay 8% on the full €60,000 — the €40,000 loss vanishes at the end of 2027. Year-end loss harvesting before 31 December is the only way to preserve offset value. The calculator makes the consequence visible before you file.

The Tax Department reviews crypto returns by asking for transaction-level records. For disposals, they want the sale date, the euro value at fair market value on that date, the acquisition cost, and evidence of each expense claimed. For mining and staking, they want the receipt date, the euro value on that date, and the wallet or exchange record showing the credit.

CSV exports from Binance, Kraken, Coinbase and other major exchanges are acceptable if they include the transaction date, asset, quantity and euro equivalent. Portfolio tools like CoinTracker, Koinly or Accointing that produce per-event cost-basis reports are worth the subscription cost — manual tracking of daily rebasing liquidity positions is impractical, and a missing cost basis means the Tax Department will treat the entire sale proceeds as gain. The CSV import in Mode 2 accepts these exports directly.