Cryptocurrency Tax Calculator

Cryptocurrency tax in PIT-38

Cryptocurrencies in Poland are treated as virtual currencies and settled under PIT-38 at a 19% rate. Acquisition costs are accounted for separately from income (art. 22 sec. 14-16 of the PIT Act) — the FIFO method that applies to shares does not apply here. Income arises when exchanging for legal tender, goods, services or property rights other than another virtual currency. A complete transaction history is required — the calculator supports imports from major exchanges.

Selling a virtual currency for legal tender (e.g. BTC for PLN) generates income subject to the 19% PIT-38 rate. A swap between virtual currencies (e.g. BTC for ETH) is not a disposal within the meaning of art. 17 sec. 1f of the PIT Act — no income arises from such a swap. Virtual-currency definition: art. 2 sec. 2 pt 26 of the AML Act of 1 March 2018 (referenced from art. 17 sec. 1g). Cryptocurrencies have a separate section E/F in PIT-38 (not section C/D like shares). If costs exceed income, the excess is carried over as unsettled costs (art. 22 sec. 14-16) — a mechanism different from share losses.

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• !Mistakenly treating crypto-to-crypto swaps as taxable events — under art. 17 sec. 1f no income arises
• !Confusing unsettled costs (art. 22) with prior-year losses (art. 9) — these are different mechanisms
• !Combining crypto and share losses — these are separate sections (E/F vs C/D)
• !Failing to include exchange commissions as deductible costs

Frequently asked questions

• Are cryptocurrencies taxed in Poland?

  Yes. Cryptocurrencies are treated as virtual currencies. Profits are subject to PIT-38 at 19%. Acquisition costs are accounted for separately under art. 22 sec. 14-16 of the PIT Act — the FIFO method that applies to shares does not apply here.

• Does the calculator support multiple exchanges?

  Yes. Import history from Binance, Coinbase, Kraken and others. The system will apply FIFO and generate a PIT-38 summary.

• Is a crypto-to-crypto swap taxable?

  No. A swap between virtual currencies (e.g. BTC for ETH) is not a disposal within the meaning of art. 17 sec. 1f of the PIT Act — no taxable income arises. Income arises only when exchanging for legal tender, goods, services or property rights other than another virtual currency.