Austrian Crypto Tax Reports May Contain Errors

Austria has implemented standardized tax reporting for cryptocurrency income and capital gains tax. This means that from 2025 onwards, Austrian investors can request a report from their crypto service provider detailing their taxable gains and losses.

However, this report is not infallible. Investors should be aware of potential errors in the document, particularly when it comes to acquisition costs, transfers from external wallets, or incomplete tax data.

The biggest issue arises when Bitcoin was originally bought outside of an Austrian provider. In such cases, the crypto service provider may not have access to accurate information on actual acquisition costs, original purchase dates, earlier swaps, or whether the coins are classified as old or new holdings.

Investors should therefore carefully review their tax report and underlying exchange data for discrepancies in taxable gains, realized losses, capital gains tax withheld, acquisition costs applied, allocation of wallet transfers, treatment of old holdings, and loss offsetting.