Cryptocurrency Tax Calculator
Calculate Your Taiwan Crypto Taxes
This calculator helps you estimate your potential tax obligations when trading cryptocurrency in Taiwan based on current regulations.
Your Tax Estimate
Important Note: This is an estimate based on current regulations. Taiwan's crypto tax laws are evolving rapidly, and proper documentation is critical for tax compliance. All gains are subject to income tax regardless of VAT exemption status.
Remember: The Ministry of Finance may require documentation of your transactions. Keep records of all purchase dates, amounts, and prices in NT$.
Learn more about Taiwan tax regulationsBuying or selling Bitcoin, Ethereum, or any other cryptocurrency in Taiwan doesn’t mean you’re off the hook when tax season comes around. Even though digital assets aren’t legal tender, the government still wants its cut. And if you’re trading on BitoPro, MaiCoin, or Binance from Taipei, you’re already in the tax system - whether you realize it or not.
How Taiwan Treats Cryptocurrency
Taiwan doesn’t classify cryptocurrency as money. The Central Bank and Financial Supervisory Commission (FSC) have called it a "virtual commodity" since 2014. That label matters. It means you can’t use Bitcoin to pay your rent like you would with NT$1,000 bills. But it also means your crypto trades fall under existing tax laws for goods and income - not new crypto-specific rules.This creates a messy situation. There’s no official crypto tax code. Instead, the Ministry of Finance (MOF) applies old rules to new tech. That means your gains or losses are treated like any other business transaction. And if you’re selling crypto, you’re likely selling a product - which triggers value-added tax (VAT).
VAT on Crypto Sales: The 5% Rule
If you’re a Taiwanese individual or business selling cryptocurrency, you owe a 5% VAT on your sales revenue. This applies whether you’re trading on a local exchange like BitoPro or selling directly to someone else. The good news? There’s a small exemption. If your monthly crypto sales are under NT$40,000 (about $1,300 USD), you don’t have to register or pay VAT. That’s meant for hobbyists and small-time traders.But if you’re selling more than that - even if you’re just flipping a few ETH every month - you need to register as a business with the tax office. Once registered, you must report every sale. That includes trades between different coins. Swapping BTC for SOL? That’s a taxable event. You’re selling one asset to buy another, and the value of the BTC you gave up becomes your cost basis.
Foreign sellers have different rules. If you’re based outside Taiwan and selling to Taiwanese individuals, you still owe 5% VAT - unless your monthly sales to locals stay under NT$40,000. But if you’re selling only to Taiwanese businesses, you don’t pay VAT. The buyer does. That’s because Taiwan’s VAT system shifts responsibility to the purchaser when the seller has no local presence.
Income Tax: Your Profits Are Still Income
VAT isn’t the only tax. Your crypto profits are also subject to income tax - typically around 20%. This applies to anyone who makes money from trading, mining, staking, or even receiving crypto as payment for work.Here’s where things get tricky. To calculate your taxable gain, you need to know your original purchase price. If you bought 0.5 BTC for NT$200,000 in 2021 and sold it for NT$800,000 in 2025, your profit is NT$600,000. That’s taxable income.
But what if you bought crypto years ago on a now-defunct exchange? What if you transferred coins from a wallet you no longer have records for? That’s a nightmare for both you and the tax authority. Without purchase records, the MOF may assume your cost basis is zero. That means your entire sale amount becomes taxable income. In some cases, that could push you into a much higher tax bracket.
There’s no official method for calculating cost basis in Taiwan yet. No FIFO, no LIFO, no averaging rules like in the U.S. That leaves you guessing - and risking an audit. Keeping detailed records isn’t just smart. It’s your only defense.
Who’s Responsible? Exchanges, Traders, and the Law
Taiwan’s major exchanges - BitoPro, MaiCoin, and Binance - are required to follow strict anti-money laundering (AML) rules. Since July 2024, all Virtual Asset Service Providers (VASPs) must register with the FSC. That means they collect your ID, proof of address, and transaction history.Why does this matter for taxes? Because the MOF is waiting for full real-name verification before rolling out formal crypto tax reporting. Once every trade is tied to your identity, the government can match your exchange activity with your income tax filings. That’s the next step - and it’s coming.
On November 18, 2024, the Ministry of Finance announced it was reviewing cryptocurrency taxation. The trigger? A surge in crypto prices after Donald Trump’s election win. With more people jumping in, the current patchwork system is no longer enough. The MOF is likely to introduce mandatory reporting requirements soon - possibly as early as 2026.
Legal Gray Zones and Court Rulings
The law isn’t always clear. In 2023, a Taiwan High Court ruled that Bitcoin doesn’t count as "funds" under the Banking Act. That means a company accepting Bitcoin as payment isn’t automatically breaking the law by taking deposits. But in another case, a business was prosecuted for the same activity. Courts are still figuring this out.This inconsistency creates risk. If you’re running a business that accepts crypto, you might be fine one day and facing charges the next. The same applies to staking rewards or DeFi yields. Are they interest? Income? Gifts? No one has a definitive answer.
What You Should Do Right Now
You don’t have to wait for new laws to act. Here’s what to do today:- Track every transaction. Use a crypto tax tool like Koinly or CoinTracker. Record purchase dates, amounts, and prices in NT$. Include swaps, staking rewards, and airdrops.
- Know your thresholds. If you’re selling under NT$40,000/month, you’re exempt from VAT. But if you’re making over NT$500,000/year in profits, you’re definitely liable for income tax.
- Save your records. Screenshots, wallet addresses, transaction IDs - keep them all. The tax office won’t ask nicely. They’ll demand proof.
- Don’t ignore foreign exchanges. Binance may not report to Taiwan, but you still owe taxes. The FSC is pushing for global data sharing. Your activity won’t stay hidden forever.
What’s Coming in 2025-2026
Taiwan is moving fast. The FSC already lists 24 approved VASPs. More will join. The Taiwan VASP Association is preparing industry standards. And the MOF is preparing tax forms.Expect mandatory crypto tax reporting by mid-2026. The government will likely require exchanges to send annual reports directly to the tax authority - just like banks do for interest income. If you’re not ready, you’ll get hit with penalties, interest, or worse.
One thing’s certain: Taiwan won’t ban crypto. It’s too popular. Instead, it’s bringing it into the financial system - with taxes, rules, and oversight. The question isn’t whether you’ll pay. It’s whether you’ll pay fairly - or get caught by surprise.
Final Thoughts
Cryptocurrency in Taiwan isn’t a tax loophole. It’s a tax obligation in disguise. The rules are still being written, but the message is clear: if you profit from crypto, you owe taxes. Ignoring it won’t make it go away. The system is catching up - and it’s already watching.Do I have to pay tax if I only trade crypto under NT$40,000 per month?
You’re exempt from 5% VAT if your monthly crypto sales stay under NT$40,000. But if you’re making profits from trading - even small ones - those gains are still subject to income tax. The VAT exemption doesn’t cancel your income tax responsibility.
What if I bought crypto on Binance and never reported it?
Binance doesn’t report to Taiwan’s tax office - yet. But the FSC requires all VASPs to use real-name verification. Once that’s fully implemented, the Ministry of Finance will have access to your trade history. If you’ve made profits and didn’t report them, you’re at risk of back taxes, penalties, and interest. Start tracking now and consider filing amended returns if needed.
Are staking rewards taxable in Taiwan?
Yes. Staking rewards are treated as income when you receive them. If you earn 0.5 ETH as a reward, its value in NT$ at the time of receipt becomes taxable income. You’ll need to record the price on the day you received it. There’s no exemption for passive income from crypto.
Can I deduct losses from crypto trading?
Taiwan doesn’t have formal rules for crypto loss offsets yet. But if you can prove a loss through documented transactions, you may be able to reduce your taxable income in future years. Keep detailed records of every sale, even at a loss. The tax office may accept them as proof of net gains over time.
Do I need to register as a business to trade crypto?
Only if your monthly sales exceed NT$40,000. At that point, you must register for VAT with the tax authority. Even if you’re trading as a hobby, once you cross that threshold, you’re legally a small business. Failing to register can lead to fines and back taxes.
Stanley Wong
December 6, 2025 AT 01:27Man i just bought some solana last week and thought i was being slick not reporting it but now i see the tax office is gonna have my trade history anyway
guess i better dig up those old wallet screenshots before they come knocking
why do they make this so complicated
Nicole Parker
December 6, 2025 AT 07:48i think what people miss is that taiwan isn't trying to crush crypto, they're trying to bring it into the system like stocks or real estate
the fact they're using existing tax laws instead of making new ones is actually smart
it means less bureaucracy and more consistency
sure it's messy right now but that's because the tech is new, not because the government is being unreasonable
if you're making money off it, you should pay taxes on it, plain and simple
Kenneth Ljungström
December 7, 2025 AT 21:39just started using koinly last month and it saved my sanity
my wife thought i was losing it tracking every single swap but now i have everything in one place
even my airdrops from like 2021
and yes i know binance doesn't report yet but i'm not waiting for the government to catch up
my records are clean and i sleep better at night 😊
Brooke Schmalbach
December 9, 2025 AT 18:26you people are acting like this is some groundbreaking revelation
every country with a functioning tax system treats crypto as property
the fact you're surprised means you were either willfully ignorant or hopelessly naive
and if you think you can outsmart the tax authority with a defunct exchange and no records you're not just dumb you're asking for trouble
your cost basis isn't a suggestion it's a legal requirement
Cristal Consulting
December 10, 2025 AT 00:42track everything. even the tiny trades. even the swaps.
it's not hard. use a tool. do it once. thank yourself later.
you don't need to be a tax expert to be compliant.
just be organized.
Tom Van bergen
December 11, 2025 AT 06:54if you want to trade digital assets why should you need permission
the blockchain was built to escape this exact system
now they're coming for your wallet
next they'll tax your memes
Sandra Lee Beagan
December 13, 2025 AT 00:58as someone who's lived in both canada and taiwan i can say the vasp registration system here is actually quite advanced
the fsc is doing a better job than most regulators
yes the tax rules are vague but that's because they're trying to avoid overreach
the real issue is individuals not keeping records not the policy
if you're doing this right you have nothing to fear
Ben VanDyk
December 14, 2025 AT 20:52the article says you owe vat on sales over 40k but doesn't clarify if that's gross revenue or net profit
that's a huge difference
if you're buying low and selling high on a 100k volume your profit might be 10k
but if they tax the full 100k you're getting screwed
who wrote this
michael cuevas
December 16, 2025 AT 18:44so if i swap btc for doge and make 50k profit and then swap it back to btc
do i pay tax twice
because that's what it sounds like
and if i hold it for 5 years and then sell
do i pay tax on the same 50k again
because the system is literally designed to punish you
thanks taiwan
Nina Meretoile
December 17, 2025 AT 12:02just remember: if you earned it, it's taxable
staking rewards, airdrops, even that free nft you got
it's all income
but here's the good part
you're not alone
everyone's figuring this out together
and you don't have to do it alone
use a tool, ask a friend, take a breath
you got this 🌱
Barb Pooley
December 18, 2025 AT 17:13they're using this to track us
real name verification
exchange data sharing
next they'll link your crypto to your health records
and your bank account
and your social media
they want to know everything you do
and if you're not careful they'll freeze your wallet before you even know what hit you
don't trust them
Shane Budge
December 19, 2025 AT 23:22Adam Bosworth
December 20, 2025 AT 02:57you think you're being smart by holding onto your coins
but the government is watching your every move
your wallet address is already flagged
your ip is logged
your exchange account is tied to your id
they know you bought 3 eth in 2022
they know you sold it in 2024
they know you didn't pay taxes
and they're coming for you
you think you're safe because binance doesn't report
but they're not waiting for you to make a mistake
they're waiting for you to panic
Uzoma Jenfrancis
December 20, 2025 AT 15:14in nigeria we don't even have this problem
we trade crypto because the naira is garbage
we don't care about vat or income tax
if you're in taiwan and you're worried about paying tax on crypto
you probably shouldn't be trading in the first place
focus on survival not taxation
Renelle Wilson
December 21, 2025 AT 10:37it's important to recognize that the current ambiguity in taiwan's crypto tax framework stems not from negligence but from deliberate caution
the ministry of finance is operating within the constraints of existing statutory frameworks that were never designed for decentralized digital assets
therefore the application of value-added tax and income tax principles represents a pragmatic, risk-averse approach to regulatory evolution
the absence of formal cost basis methodologies does not imply legal vacuity but rather a transitional phase during which market participants are expected to exercise diligence and maintain comprehensive documentation
this is not punitive
it is preparatory
Elizabeth Miranda
December 22, 2025 AT 02:42my cousin in taipei just got a letter from the tax office asking for his 2023 crypto trades
he didn't report anything
he's now scrambling to get his records together
he's lucky he didn't lose them
don't be like him
Chloe Hayslett
December 22, 2025 AT 13:04oh wow taiwan is taxing crypto
next they'll tax oxygen
and then they'll tax your breath
and then they'll tax your heartbeat
because capitalism needs to monetize everything
even your dreams
and if you don't pay you get a fine
and if you can't pay you go to jail
because freedom is just a tax bracket
Jonathan Sundqvist
December 23, 2025 AT 03:57if you're still using binance and thinking you're safe
you're not
they're already sharing data with taiwan
they just haven't told you yet
the fsc has been talking to binance since last year
they're not waiting for 2026
they're already gathering evidence
your trades are already on their servers
you just don't know it yet