Spring is not only a time of order, but also a time of tax. If you were trading cryptocurrency in 2024, you have until April 30, 2025 to lodge a PIT-38 and settle your profits or losses. Check how to do this efficiently and avoid mistakes.
Who needs to file a PIT-38 for Crypto?
The PIT-38 form refers to persons who in a given tax year obtained revenue from the sale of securities, shares, derivatives and – most importantly for cryptoinvestors – virtual currencies. If you've sold bitcoin, ether or any other cryptocurrency, you have to show those transactions in that declaration.
Until when to file a PIT-38?
Masz czas do 30 kwietnia 2025 roku. Jeśli ten dzień wypada w weekend lub holiday, termin przesuwa się na pierwszy dzień roboczy po tej dacie. W 2025 roku 30 kwietnia przypada w środę, więc nie ma przesunięcia terminu.
How to Account Crypto At PIT-38?
The cryptocurrency settlement is to show:
- Revenue from the sale of cryptocurrency (i.e. the amount you obtained from the sale)
- Cost of obtaining revenue (i.e. expenditure on purchasing cryptocurrency and commissions)
Dochód do opodatkowania to różnica między przychodem a kosztami. Tax wynosi 19% od uzyskanego dochodu.
Example of settlement
Kupiłeś cryptocurrency za 20 000 zł, sprzedałeś je za 30 000 zł. Twój dochód to 10 000 zł, od którego zapłacisz 1 900 zł podatku.
How to prepare for settlement?
Collect documents confirming transactions: stock statements, bank statements, bills for purchasing cryptocurrency digging equipment.
Oblicz przychody i koszty – możesz skorzystać z kalkulatora podatkowego dostępnego na portalu Krypto Actions, który automatycznie przeliczy wartości po aktualnych kursach NBP lub kursach kryptowalut.
Fill in PIT-38 – enter revenue and costs in the virtual currency section. If you've suffered a loss, you can settle it in years to come.
Make a declaration electronically (e.g. via e-Declarations or your e-PIT) or paper at the tax office.
The most common questions and practical tips
What exchange rates are applicable?
Convert revenue and costs into gold at the average rate of NBP on the day preceding the transaction.
Can you deduct commissions?
Yes, stock commissions and other costs related to the purchase and sale of cryptocurrency are included in the cost of obtaining revenue.
What if I have a loss?
The loss of cryptocurrency can be settled in subsequent years, reducing future tax revenues.
