Crypto Accounting
Cryptocurrency bookkeeping and tax compliance for Estonian companies — every transaction accounted for in EUR
Core Offerings
- Transaction tracking (Excel/PDF)
- VAT-exempt crypto exchange reporting
- Profit distribution tax planning
- MiCA/CASP documentation and AML audit trail support
- Wallet-to-bank reconciliation
Straightforward Crypto Accounting
We account for your company’s crypto transactions correctly under Estonian law:
- Income Tax Act (22% tax on distributed profits)
- VAT Act (exemptions for crypto exchanges)
- MiCA and AML rules (CASP documentation and audit trail)
Monthly Bookkeeping
- Wallet/exchange transaction recording (date, amount, EUR value)
- Separation of company vs. customer crypto assets
- Commission revenue recording (taxable as standard income)
Tax Compliance
- Annual profit statements (0% corporate tax until distribution)
- Dividend tax calculations (22/78 rate)
- Employee crypto salary reporting (if applicable)
Regulatory Support
- Accounting-data support for MiCA/CASP materials
- Audit trail preparation for internal and external controls
- Transaction history archiving (7-year retention)
How are crypto assets reflected in the annual report?
Crypto assets are usually not the same as cash held in a bank account. The accounting treatment depends on why the company holds the asset: trading or resale inventory, an investment holding, fee income, or client assets that must be segregated from the company’s own assets.
We start with the purpose of the transaction and the evidence: wallet addresses, exchange statements, bank movements, EUR value on the transaction date, and proof of whose asset is actually moving. That lets the annual report use the same logic in the balance sheet, income statement and notes.
On the tax side, the usual Estonian corporate principle applies: retained profits are not taxed, while profit distributions are taxed at 22/78 of the net payout from 2025. Gains and losses from crypto transactions still need to be recorded in the books, so future distributions, audits or investor reports do not rely on manual reconstruction.
On the regulatory side, MiCA has changed the market. From 1 July 2026, crypto-asset services in Estonia may be provided only by companies authorised by Finantsinspektsioon or another EEA competent authority. CASP authorisation and supervision require clear accounting, client-asset segregation procedures, internal controls and risk-management documentation. We do not replace legal counsel, but we make the accounting data and supporting evidence usable for that process.
How We Work
You Provide:
- Monthly wallet/exchange statements (Excel/CSV)
- Bank transfers related to crypto activities
- Invoices for commissions/fees
We Process:
- EUR conversion at transaction date rates
- Taxable event identification (sales/swaps)
- Draft reports by 15th of next month
Final Submission:
- KMD/TSD filings (if VAT-registered)
- Annual report by June 30 deadline
Why Choose Us?
- Every transaction reviewed by an accountant — no blind software imports
- Estonian compliance focus — tracking MiCA/CASP and EMTA treatment
- Crypto-specific knowledge — correct treatment of VAT-exempt exchanges, Travel Rule documentation support
Sources: Finantsinspektsioon guide to the operating licence in markets of crypto assets, the CASP register and EMTA 2026 tax rates.