Finland cryptocurrency tax guide

What this guide covers

This guide covers Finland's individual crypto tax rules for 2025, based on Vero's own published guidance and a reported November 2024 Supreme Administrative Court decision. This is educational information, not individualized tax advice.

Tax treatment of cryptocurrency

Finland taxes your crypto gain under its ordinary capital gains rules, and a 2024 court decision settled how to calculate it. Following Supreme Administrative Court ruling 2019:42, Vero treats virtual currencies as assets under section 45(1) of the income tax act, so Finland's ordinary capital gains tax rules apply to disposals. A November 2024 Supreme Administrative Court decision affirmed FIFO (first-in, first-out) as the applicable cost-basis method for Bitcoin, resolving a dispute over whether an average-cost method could instead be used.

Common taxable events

• Selling or exchanging crypto for a gain — taxed under ordinary capital gains rules.

Potentially non-taxable events

• Confirmed directly from Vero's own guidance: individuals and estates owe no capital gains tax in a year where the total selling prices of ALL assets sold (not just crypto) stay within EUR 1,000. Doesn't apply to business taxpayers.
• Simply buying and holding crypto isn't a taxable event.

Tax rates and thresholds

Confirmed via PwC's Worldwide Tax Summaries: Finland's 2025 capital income tax rates are 30% on the first EUR 30,000 of annual capital income and 34% on the excess — Vero's own virtual-currency guidance page doesn't itself state rates, so this figure comes from a separate source. The EUR 1,000 small-gains exemption (above) applies before these rates, for individuals and estates.

Cost basis and calculation

FIFO (first-in, first-out) is confirmed, directly from Vero's own guidance, as the default individual cost-basis method — virtual currency is treated as spent in the order acquired unless the taxpayer proves otherwise; business taxpayers with current assets also default to FIFO, and LIFO is not permitted. Individuals (not businesses) may instead elect a deemed acquisition cost of 20% of the selling price (if held under 10 years) or 40% (if held 10 years or more) in place of actual costs — but choosing this rules out separately deducting selling expenses. The November 2024 Supreme Administrative Court decision specifically affirmed FIFO over an average-cost method for Bitcoin.

Reporting and compliance

• Crypto gains go on your annual tax return.
• Finnish exchanges are reported as increasingly required to pass user transaction data to Vero, with effects expected to first appear in autumn 2027, covering 2026 tax returns, per Yle reporting.

Residency and cross-border issues

Your Finnish tax residency generally governs whether your worldwide crypto gains fall within this regime. This guide doesn't cover non-resident rules in depth.

Example

This example is hypothetical, for illustration only. Elina buys Bitcoin in two lots and sells part of her holding for a €5,000 gain. Under the confirmed FIFO rule, the cost basis is determined by matching the sale against her earliest-acquired lot first, with the resulting gain taxed under Finland's capital gains brackets.

Official resources

• Verohallinto (Vero): https://www.vero.fi/en/detailed-guidance/guidance/48411/taxation-of-virtual-currencies3/

Limitations and review information

Tax year covered: 2025. Last verified: October 29, 2026 (citation-integrity pass; Vero's guidance page directly read in full for the first time, upgrading the small-gains exemption and deemed-acquisition-cost figures from hedged to confirmed; capital-income rates confirmed via a separate PwC summary since Vero's page doesn't state them). Known gap: Vero's page doesn't itself state capital-gains rates. This is educational information only, not individualized tax advice — confirm current specifics directly with Vero or a qualified Finnish tax professional.