The use of cryptocurrencies in trading, as investments, or in cryptocurrency mining entails taxation of such transactions. We discuss the general conditions for the taxation of cryptocurrencies in our article.
What constitutes cryptocurrency?
Cryptocurrency is generally considered digital money that does not have a physical form. Regulation of cryptocurrencies varies from country to country, ranging from full recognition to exclusion from circulation. In Poland, cryptocurrencies are not recognized as legal tender, meaning the National Bank of Poland does not publish official average exchange rates for them.
Types of cryptocurrencies:
When exchanging cryptocurrency for fiat currency, for example, when selling Bitcoin for zloty, a taxable transaction occurs.
Does the purchase of cryptocurrency require tax reporting?
Cryptocurrency purchases and cryptocurrency mining must be reported on your tax return.
Is a purchase declared when paying with cryptocurrency?
The use of cryptocurrency to pay for goods or services must be reported on the tax return.
Is the exchange of one cryptocurrency for another declared?
Not declared.
How do I register a cryptocurrency purchase?
Cryptocurrency purchases can be documented with the following documents:
What expenses related to the acquisition of cryptocurrency are taken into account when calculating income tax?
Expenses for the purchase of currencies are deductible and must be documented. Mining and electricity costs are generally not deductible.
What tax return is filed regarding the acquisition of cryptocurrency?
At the end of the tax year, entrepreneurs and individuals file a PIT-38 tax return.
What is the tax rate on income related to cryptocurrency?
The tax rate on income from cryptocurrency is 19%.
Author: Natalia Grishchenko
01.08.2026