How is cryptocurrency taxed in Iceland?

Iceland applies a mixed crypto-tax regime — gains can be treated as capital gains or as income depending on how you hold and use the assets.

“Við sölu á rafeyri og rafmyntum tilheyra söluhagnaður og -tap fjármagnstekjum… Tekjur af slíkri starfsemi, þ.m.t. námuvinnslu eða gjörningi, teljast til skattskyldra tekna samkvæmt lögum um tekjuskatt.”

This reflects guidance from Directorate of Internal Revenue (Ríkisskattstjóri), Iceland Revenue and Customs, as of 2024-12-31.

See the full Iceland crypto policy profile for legal status, VASP licensing, stablecoin rules and more — or compare Iceland with another country. New to the categories? Read how crypto is taxed, explained.

Data basis: Directorate of Internal Revenue (Ríkisskattstjóri), Iceland Revenue and Customs, as of 2024-12-31