Crypto & Capital Gains Tax Calculator
Use the Crypto & Capital Gains Calculator to estimate personal income tax on cryptocurrency profits and capital gains in Czechia. Simply input any crypto earnings for the year alongside additional capital gains, and press calculate. The tax calculator will instantly estimate your annual income tax and the net income you can expect after taxes.
Crypto & Capital Gains Tax Calculator
Input crypto and capital gains for tax calculation
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FAQs
How to use the Crypto & Capital Gains calculator
To use the calculator, input your net income from crypto in the first field. Fill in the second field with any additional income from capital gains. Pressing calculate will then add your crypto and capital gains income together, and calculate income tax at a 15% or 23% rate. The tax rate of 15% is for income under CZK 1,582,812, and 23% for income over this limit. Also note that the calculator automatically deducts the standard taxpayer discount of CZK 30 840 from its results. If the amount of income tax = zero, the standard taxpayer’s discount is greater than the amount of taxable net income. Thus, in this case, no taxes on crypto or capital gains are due.
How are cryptocurrencies viewed in Czechia?
In the Czech Republic, the Financial Administration and the Czech National Bank (CNB) treat cryptocurrencies as commodities, not as investments. This means the 3-year time test does not apply to bitcoin and altcoins (sometimes-called digital tokens). As commodities, cryptocurrencies are viewed as: traded (for real money, or other cryptocurrencies), produced (via mining), and exchangeable (on the real market). They are intangible assets, similar to stocks, and as such proper taxes should apply to any profits from them.
What are the taxes on crypto in Czechia?
Note that in the Czech Republic, only profits from crypto are taxable, not their possession. Taxable events for crypto as well as capital gains then file under “other income” according to §10 of the Income Tax Act. “Other income” is a column on the tax return that is completely different from reporting dependent or self-employed income. It also includes capital gains. Tax rates for crypto and capital gains then apply at 15% or 23%. In 2024, a 15% rate applies to income under CZK 1,582,812. Earnings above this threshold take on the 23% tax rate.
When to file taxes on crypto & capital gains
Any income from the sale or trading of digital assets and capital gains requires proper taxation. This means you need to pay taxes anytime one of these investments generates profit. However, only the amount of profit is taxable. If there is any loss (example: selling for less than the original purchase price), you do not declare any tax.
How to calculate net income from crypto
Calculate crypto net income by subtracting the original purchase price and transaction fees from the final sale price. This can include the difference between crypto mining costs and revenue from it, or profit from inherited / donated cryptocurrencies. It can be the difference between production costs (service, exchange), and revenues from their sale for crypto. The remainder is the taxable profit (tax base), which tax rates of 15% or 23% then apply.
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