How to File Crypto Tax in Finland in 2026

How to File Crypto Tax in Finland

Finlandtreats cryptocurrencies as assets, and gains from selling or exchangingthem are generally taxable as capital income. The Finnish Tax Administration (Vero) has clear rules about when crypto transactions trigger tax, how to calculate gains and losses, what income is taxable, and howto report it properly.

Why Crypto Is Taxable in Finland

Under Finnish tax law, cryptocurrencies are not legal tender but are considered assets.Gains and income related to crypto are taxable, and you must report them inyour annual tax return to Vero.

Cryptotransactions are taxable because they increase your wealth or income. As partof the EU, Finland also follows enhanced reporting requirements under directives like DAC8, which will increase automatic sharing of cryptotransaction data with tax authorities.

When Crypto Is Taxable

1. Selling Crypto for Fiat

If you sellcryptocurrency for fiat currency (e.g., euro), the gain is taxable. Thegain is:

Gain = SaleProceeds - Original Cost Basis (in euros)

2. Exchanging Crypto for Another Crypto

Swapping onecrypto for another is a taxable event in Finland. You need to calculateyour gain or loss based on the euro value at the time of each part of thetrade.

3. Using Crypto for Purchases

Spendingcrypto to buy goods or services triggers a taxable event. You realize a gain orloss based on the euro value difference between purchase price and saleequivalent.

4. Mining and Staking Rewards

Cryptocurrencyreceived from mining or staking is taxable as income at the euro valuewhen received. Later, when you dispose of it, any gain over that value istreated as capital income.

5. Airdrops and Forks

New tokensreceived from airdrops or forks may be taxable as income at the time ofreceipt. You must check current guidance but generally treat them as income atfair value when received.

Finland Crypto Tax Rates (2026)

Capital Gains Tax

Gains fromdisposing of crypto are taxed as capital income in Finland, with the following rates:

• 30% on capital income up to €30,000
• 34% on capital income above €30,000

These rates apply to your net capital gains, which include crypto gains combined with other capital income for the year.

Income Tax on Crypto-Related Income

Crypto received as income (staking, mining, salaries, business activity) is taxed as earnedincome at progressive income tax rates that can exceed 50% when combinedwith municipal tax and social contributions.

How to Calculate Crypto Gains and Losses

To calculateyour taxable gain:

Gain = Sale Proceeds (in euros) - Cost Basis (in euros)

• Sale proceeds: euro value at time of sale, swap, or payment
• Cost basis:euro value at time of acquisition, including fees

Example:

• Bought 1 BTC for €10,000
• Sold 1 BTC for €15,000
• Gain: €5,000

Net gains for the year are combined with other capital income, and Finland’s tiered capital gains tax rates apply.

What Is Tax-Free in Finland

Certain transactions are not taxable:

• Buying crypto with fiat
• Transferring crypto between your own wallets
• Gifting crypto (generally not a taxable gain event for the giver)

However, you may have reporting obligations or gift tax considerations for larger transfers.

Required Forms and How to File in Finland

In Finland,crypto must be reported on your annual tax return submitted to Vero:

Form KS3 (Capital Gains Calculation)

• Report crypto capital gains and losses using Form KS3 (part of your annual tax return).
• Include details of each taxable transaction.

Annual Tax Return (Vero.fi Portal)

• Finland’s tax return is typically pre-filled, but you must manually add your crypto gains and income
• You can submit through the Vero.fie-service

Filing Deadline

• Tax year runs from January 1 to December 31
• Annual Finnish tax returns are usually due by early May (confirm the exact date on Vero.fi each year)

Step-by-Step - How to File CryptoTax in Finland

Step 1 - Compile Your Crypto Transaction History

Gather transactions from exchanges, wallets, staking platforms, and other sources, including dates, values, and euro equivalents.

Step 2 - Identify Taxable Events

Separate sales, swaps, crypto-used purchases, and income from mining or staking.

Step 3 - Calculate Gains and Income

Use the formula above to determine gains and income for each taxable event.

Step 4 - Complete Form KS3

Enter your gains, losses, and income details into Form KS3.

Step 5 - Add to Annual Tax Return

Include Form KS3 results in your annual Finnish tax return.

Step 6 - Submit by the Deadline

Submit your tax return via Vero.fi before the annual deadline (typically early May).

Common Mistakes to Avoid

• Not converting all values to euros at transaction times
• Forgetting to include crypto-to-crypto swaps
• Mixing income and capital gains incorrectly
• Missing staking or mining rewards as taxable income
• Failing to file Form KS3 with supporting records

Can Kryptos Help With Finland Crypto Tax?

Yes. Kryptos automatically imports your transactions, calculates euro-based gains andlosses, and prepares ready-to-file summaries that you can use to complete FormKS3 and your annual tax return with the Finnish Tax Administration (Vero).

Conclusion

Filing crypto tax in Finland in 2026 means understanding when taxable events occur, how to calculate gains and income in euros, and reporting them accurately on Form KS3 and the annual tax return. With tiered capital gains tax rates and separate income tax rules for crypto-related income, careful record keeping and accurate reporting are key to staying compliant with Vero.