Bitcoin Tax Report Wrong: What Austrian Investors Can Do
Bitcoin Tax Report Wrong: What Austrian Investors Must Correct
For income from 2025 onwards, Austrian investors can request standardised tax reporting from certain parties obliged to withhold Austrian capital gains tax (KESt). The document is meant to make crypto income, and the capital gains tax attributable to it, traceable.
Even so, the report should not be adopted without checking it. Incorrect acquisition costs, transfers from external wallets or incomplete tax data can all mean that the Bitcoin gain shown does not match the actual tax position.
Bitcoin Held Outside the Provider Is the Critical Case
Problems arise above all where Bitcoin was originally bought outside the Austrian provider.
In that case the crypto service provider may not automatically know:
- the actual acquisition costs,
- the original purchase date,
- earlier crypto-to-crypto swaps,
- whether the coins count as old or new holdings.
Where data required for the capital gains tax deduction is missing, statutory flat-rate valuation rules can apply.
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