In Poland, there is no obligation to report the purchase of cryptocurrencies to the tax office or any other institution. However, tax obligations arise at the moment of selling cryptocurrencies or exchanging them for other assets, such as goods, services, or other cryptocurrencies.

The most important rules regarding the settlement of cryptocurrencies in Poland:

1. No tax on purchase – the purchase of cryptocurrencies is not subject to taxation.

2. Income tax on sales – income from the sale of cryptocurrencies is subject to taxation at a rate of 19%.

3. Annual settlement – income and expenses related to cryptocurrencies must be reported in the PIT-38 declaration by April 30 of the following year.

4. Deductible expenses – expenses for purchasing cryptocurrencies can be deducted, but only if they were paid by bank transfer or another identifiable method.

5. No VAT – cryptocurrencies are treated as property rights, so their sale is not subject to VAT.

6. No possibility of offsetting losses with other income – losses from trading cryptocurrencies can only be offset within the same source of income in subsequent years.

In summary, the purchase of cryptocurrencies does not require reporting, but their sale or exchange involves a tax obligation.