Iceland Cryptocurrency Tax
Detailed cryptocurrency tax rates and rules for Iceland in 2026.
Cryptocurrency gains are taxed at the 22% capital income tax rate. Disposals including sales, exchanges, and payments are taxable events. Iceland's central bank has issued guidance on crypto as an investment asset. Mining income is taxed as business income.
Crypto Tax Status
Taxed
Treatment
Capital income
Additional Notes
Iceland's abundant geothermal energy has made it attractive for crypto mining operations, which are taxed as business activities. The country has considered specific regulations for crypto mining's energy consumption.
How Iceland Crypto Tax compares
Iceland taxes cryptocurrency gains. 68 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
