Hey bunqers 🌈,
Just started with crypto in your bunq app and wondering what it means for your taxes? You’re not alone! We’re here to walk you through everything you need to know about crypto and taxes, so you can feel confident every step of the way☀️
Where is bunq Crypto available?
You can currently use Crypto in the bunq app if you're a resident of 🇦🇹 Austria, 🇧🇪 Belgium, 🇧🇬 Bulgaria, 🇭🇷 Croatia, 🇨🇾 Cyprus, 🇨🇿 Czech Republic, 🇩🇰 Denmark, 🇪🇪 Estonia, 🇫🇮 Finland, 🇫🇷 France, 🇩🇪 Germany, 🇬🇷 Greece, 🇭🇺 Hungary, 🇮🇪 Ireland, 🇮🇹 Italy, 🇱🇻 Latvia, 🇱🇹 Lithuania, 🇱🇺 Luxembourg, 🇲🇹 Malta, 🇳🇱 Netherlands, 🇵🇱 Poland, 🇵🇹 Portugal, 🇷🇴 Romania, 🇸🇰 Slovakia, 🇸🇮 Slovenia, 🇪🇸 Spain or 🇸🇪 Sweden.
What do I need to declare?
In most of the countries where bunq Crypto is available, you’ll need to tell your tax office about your crypto - both what you own and any profit you’ve made. This usually applies when you:
Sell your crypto;
Swap one crypto for another;
Use crypto to pay for something;
Receive crypto as income (like getting paid in crypto or earning it through mining).
Note: If you lost money, you may also be able to report that and deduct it from your gains.
When do I report?
You usually report your crypto when you do your yearly tax return (which is filed the next year). In some countries, if you own a lot of assets, including crypto, you may also need to include it in your wealth tax.
What information do I need to report my crypto?
Keep records of:
What crypto you bought/sold;
When you bought/sold it;
How much you gained/lost.
You can export your annual overview in the bunq app to make this easier. Here’s how:
Tap on your Profile in the top left corner
Select Accounting under your Personal account
Tap on Annual Overview
Select the pdf file you want to check ✅
Is bunq reporting my crypto?
We don’t automatically share your crypto activity with your tax authority. You’re responsible for reporting it yourself - but don’t worry, we make it easy to keep track of everything.
How is crypto taxed in my country of residence?
To make life easy for you, find our brief overview of how crypto is taxed in 🇳🇱 the Netherlands, 🇪🇸 Spain, 🇩🇪 Germany, 🇫🇷 France, 🇮🇪 Ireland, 🇮🇹 Italy and 🇧🇪 Belgium below.
Since tax rules can change and may vary based on your situation, we recommend checking with your local tax authority or a financial advisor to understand your specific obligations 💡
🇳🇱 Netherlands
Crypto counts as part of your wealth (Box 3). This means you need to:
Declare your crypto balance as of January 1st each year;
If your total assets go over the tax-free limit, you’ll pay tax on the extra amount.
🇪🇸 Spain
Crypto is taxed as capital gains. This means:
Tax rates range from 19% to 28%, depending on how much you earn;
You need to report it in Modelo 100;
You might also need to fill out Modelo 720/714 for wealth or foreign assets.
🇩🇪 Germany
Crypto is taxed as a private sale transaction (Privatveräußerungsgeschäft). This means:
Gains above €1000 are taxed at your personal income tax rate (14%–45%), if held under 1 year;
The sale is fully tax-free, regardless of profit, if held for over 1 year;
Crypto earned via mining, staking or salary is taxed as income when received;
You need to declare gains in your annual income tax return using Anlage SO.
🇫🇷 France
Crypto gains are taxed under the flat tax (PFU). This means:
Standard rate: 30% (12.8% income tax + 17.2% social charges);
If you trade often, you might be taxed as a professional.
🇮🇪 Ireland
Crypto is taxed as Capital Gains Tax (CGT). This means:
Standard rate: 33%;
You can earn up to €1,270 in gains tax-free each year;
If you receive income in crypto (like a salary), it’s taxed as income.
🇮🇹 Italy
Crypto gains are taxed at 26%. This means:
You’re only taxed if you make more than €2,000 in gains per year;
If you hold crypto abroad, you need to report it via IVAFE.
🇧🇪 Belgium
You’re taxed based on how you use crypto. This means:
Occasional trading is often tax-free;
Frequent or professional trading is taxed as miscellaneous income (up to 33%).