Tax Map · Crypto tax rankings

Crypto tax in Iceland

Crypto in Iceland is taxed as a capital gain.

For an individual relocating to Iceland, private crypto disposal gains are taxed as normal capital gains at a flat 22% rate with no lower rate or exemption for long-term holdings, while mining or professional trading can be taxed as business/income.

“Capital gains derived by individuals from the sale or exchange of virtual currencies are taxed as capital income in accordance with the general rules of the Income Tax Act at the standard capital income tax rate (22%). No special exemption or reduced rate applies based on the holding period, and gains are taxable regardless of how long the assets have been held.” — Iceland Revenue and Customs (Skatturinn)

Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.