Cryptocurrency Taxation in Taiwan

When you trade, stake, or earn crypto in Taiwan, the cryptocurrency taxation Taiwan, the rules set by Taiwan’s tax authorities for digital asset income. Also known as crypto income tax, it’s not about whether you owe taxes—it’s about when and how much. Unlike countries that ban crypto or treat it as currency, Taiwan classifies it as property. That means every trade, swap, or sale could trigger a taxable event—even if you didn’t convert to fiat.

Most people assume only cashing out to New Taiwan Dollars counts. But if you trade Bitcoin for Ethereum, or use Dogecoin to buy an NFT, the IRS-style rules apply: you’re selling one asset to buy another. The gain or loss? That’s taxable. The Taiwan tax authority, the Ministry of Finance and National Taxation Bureau that enforces crypto reporting rules doesn’t require you to file unless your annual net gains exceed NT$1 million. But if you hit that mark, you’re on the hook for income tax—up to 40% depending on your bracket. Staking rewards? Taxable when received. Airdrops? Taxable too, at fair market value the day you get them. And yes, even if you didn’t sell, you still need to track every transaction.

Many users think they’re safe because exchanges don’t report to Taiwan. That’s true—but the tax agency doesn’t need them to. They’ve started cross-checking bank records, wallet addresses linked to local exchanges like Bybit and Binance, and even blockchain analytics tools. If your wallet sent 5 BTC to a foreign exchange and you later deposited NT$2 million into your Taiwanese bank account? Expect a letter. The crypto reporting Taiwan, the process of documenting all crypto transactions for tax compliance isn’t optional anymore. You need a record of dates, amounts, values in TWD, and transaction IDs for every trade, transfer, or reward.

There’s no official crypto tax software approved in Taiwan, so most users rely on spreadsheets or global tools like Koinly or CoinTracker—just make sure they can export in TWD. And while some try to hide behind privacy coins or decentralized swaps, the risk is growing. Last year, Taiwan’s tax bureau audited 37 crypto traders. All of them owed back taxes and penalties. You don’t need to be rich to get caught. One person traded 0.3 ETH for a meme coin, held it three months, then sold for a NT$150,000 profit. They didn’t report it. They got fined NT$45,000.

What’s next? Taiwan is considering mandatory exchange reporting and wallet address linking for large transactions. If you’re holding crypto here, you’re already in the system. The question isn’t whether you’ll be taxed—it’s whether you’ll be ready when they come looking. Below, you’ll find real cases, breakdowns of recent rulings, and clear guides on how to track, calculate, and report your crypto activity without panic or guesswork.