🇪🇺 Europe
Crypto & taxes in Estonia
- Gains treatment
- Taxed as gains from transfer of property, flat 22% (2026)
- Loss offset
- Only with MiCA-authorised crypto; otherwise no loss offset
- General tax-free allowance
- Up to €700/month (€8,400/yr) tax-free income
- Investment account
- Since 2025 regulated crypto can use the investment account
Crypto regulation
Estonia, an EU/EEA member, applies MiCA: crypto-asset service providers must be authorised and are supervised by the Financial Supervision Authority (Finantsinspektsioon), replacing the earlier AML licensing regime run by the FIU. Legacy VASPs are migrating to MiCA CASP authorisation.
Taxation
For residents, gains from disposing of crypto are taxed as income from transfer of property, at a flat 22% in 2026 (the planned rise to 24% was cancelled in 2025). Without MiCA-authorised crypto, only profitable transactions are declared and losses cannot be offset; with regulated crypto (including via the investment account) loss offset and carry-forward are allowed.
Useful information
Each transaction (sale, exchange, purchase of goods) must be converted to euros at the day's price and declared; using MiCA-authorised providers enables loss deduction. Tax residence is triggered by a permanent home or 183 days in 12 months.