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Taxes and cryptocurrencies in Poland
The tax law in Poland regarding cryptocurrencies regulates several key areas related to income, income tax and VAT. Here are the basic rules:
1. Personal Income Tax (PIT)
Profits from cryptocurrency trading are taxed as income from monetary capital. As of 2019, the following rules apply:
Tax rate: 19% of income, i.e. the difference between revenues and costs of obtaining revenues.
Costs of obtaining income: include expenses for purchasing cryptocurrencies, e.g. on exchanges or in exchange offices. It is important to have proof of purchase (e.g. invoices, transaction confirmations).
1. Personal Income Tax (PIT)
Profits from cryptocurrency trading are taxed as income from monetary capital. As of 2019, the following rules apply:
Tax rate: 19% of income, i.e. the difference between revenues and costs of obtaining revenues.
Costs of obtaining income: include expenses for purchasing cryptocurrencies, e.g. on exchanges or in exchange offices. It is important to have proof of purchase (e.g. invoices, transaction confirmations).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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