Spring is not only a time for tidying up, but also for tax obligations. If you traded cryptocurrencies in 2024, you have until 30 April 2025 to file a PIT-38 and report your gains or losses. Find out how to do it smoothly and avoid mistakes.
Who must file a PIT-38 for cryptocurrencies?
The PIT-38 form applies to people who, in a given tax year, earned income from the paid disposal of securities, shares, derivatives and, most importantly for crypto investors, virtual currencies. If you sold bitcoin, ether or any other cryptocurrency, you must report those transactions on this very return.
When is the PIT-38 due?
You have until 30 April 2025. If this date falls on a weekend or public holiday, the deadline moves to the first working day after it. In 2025, 30 April falls on a Wednesday, so there is no change to the deadline.
How to report cryptocurrencies in the PIT-38?
Reporting cryptocurrencies involves showing:
- Revenue from selling cryptocurrencies (that is, the amount you received from the sale)
- Costs of obtaining revenue (that is, expenses for buying cryptocurrencies and fees)
Taxable income is the difference between revenue and costs. The tax rate is 19% of the income earned.
Calculation example
You bought cryptocurrencies for PLN 20,000 and sold them for PLN 30,000. Your income is PLN 10,000, on which you will pay PLN 1,900 in tax.
How to prepare for the tax return?
Gather documents confirming your transactions: exchange confirmations, bank statements, and receipts for the purchase of mining equipment.
Calculate revenue and costs. You can use the tax calculator available on the Krypto Akcje portal, which automatically converts values at current National Bank of Poland (NBP) rates or cryptocurrency rates.
Complete the PIT-38. In the section concerning virtual currencies, enter your revenue and costs. If you incurred a loss, you can settle it in subsequent years.
File the return electronically (e.g. via e-Deklaracje or your e-PIT), or on paper at the tax office.
Frequently asked questions and practical tips
Which exchange rates should be used?
Convert revenue and costs into złoty using the average NBP rate from the day before the transaction.
Can I deduct fees?
Yes, exchange fees and other costs related to buying and selling cryptocurrencies count as costs of obtaining revenue.
What if I have a loss?
You can settle a cryptocurrency loss in subsequent years, reducing your future taxable income.
