Austria adapts crypto control to classic capital gains: 27.5 % KEST on crypto income since 2022

Austria adapts crypto control to classic capital gains: 27.5 % KEST on crypto income since 2022

The reform of the Austrian crypto control 2022

At the beginning of 2022, a reform of the crypto control came into force in Austria, which brought an alignment with the existing system of classic capital gains. As a result, income from cryptocurrencies is now subject to a capital gains tax (KESt) of 27.5 percent.

This adaptation has far-reaching effects on the tax treatment of crypto investments, since it standardized taxation and thus creates more clarity for investors. In the past, the tax framework for cryptocurrencies and their implementation could be unclear, which led to uncertainties among investors.

The introduction of the uniform tax rate now does uniform taxation regardless of the type of cryptocurrency. Investors must therefore adapt to a clear tax regulation that applies to all digital currencies. This reform reflects the growing interest and the spread of cryptocurrencies and shows the efforts of the Austrian government to create a legal framework for these new forms of investment.

The reform of crypto control in Austria is a step towards a regulated and transparent market structure that meets the needs of investors and state taxes.