Austrian Tax Authorities Target Foreign Crypto Platform Sellers

Austrian investors who sell Bitcoin through foreign crypto platforms are not exempt from taxation. While the sale may occur abroad, Austrian tax authorities still consider it taxable income.

The key difference lies in the withholding of capital gains tax by domestic providers. Foreign platforms often do not withhold this tax, leaving the investor to calculate their own taxable income and declare it through the income tax assessment.

The special tax rate for private crypto gains remains at 27.5 percent. When selling Bitcoin, investors must determine the sale proceeds in euros, establish acquisition costs, calculate gains or losses, and record taxable income in the assessment.