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Austria to Tax Crypto Like Stocks and Bonds: Report

The Austrian Finance Ministry is planning to apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.

Updated May 11, 2023, 3:39 p.m. Published Nov 9, 2021, 9:39 p.m.

Austria’s Federal Ministry of Finance hopes to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments, according to a Bloomberg story.

Starting next March, Austria will apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.
The initiative will be part of a nationwide tax overhaul.
Austria called its model the first of its kind and said streamlining conditions between asset classes would be fairer for investors.
“There is still an imbalance when it comes to the regulation of cryptocurrencies compared to traditional shares and bonds,” Finance Minister Gernot Blümel said in an email. “We are taking a step in the direction of equal treatment, to reduce mistrust and prejudice toward new technologies. At the same time, we are creating more fairness for investors as well as uniform market conditions.”

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UPDATE (Nov. 10, 11:41 UTC) Replaces quote from Bloomberg in last bullet with emailed comment from finance minister.

Crypto Taxes Austria

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.