Bitcoin From a Foreign Exchange to Austria: Which Tax Data You Need

Transferring Bitcoin From a Foreign Exchange to an Austrian Platform: Which Tax Data Can Be Missing

Moving Bitcoin from a foreign exchange to an Austrian crypto platform does not in itself trigger a sale. The change of platform can still become relevant for tax purposes at the latest once the Bitcoin is sold.

The reason: since 2024, Austrian crypto service providers have been required to withhold capital gains tax on certain crypto profits. When Bitcoin arrives from an external exchange, the Austrian provider frequently does not know its tax history. Acquisition cost and purchase date may therefore have to be evidenced by the investor.

These Three Pieces of Tax Data Matter Most

The Austrian income tax guidelines name three details that can be passed to a crypto service provider obliged to withhold tax:

• the acquisition date or acquisition period,
• the acquisition cost of the Bitcoin,

and whether a tax-neutral crypto-to-crypto swap has taken place since the purchase.

For Bitcoin originally bought on Binance, Coinbase, Kraken or another foreign platform and later transferred to Austria, that data is not automatically available to the new provider.

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