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Free Ethereum Tax Calculator for Australia

Use this free tax calculator to instantly find your net profit on crypto transactions.

Find out if CGT applies
Use your income to determine tax brackets
Use your country to determine tax laws

Ethereum Tax Calculator

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How is Ethereum taxed?

Most countries recognise Ethereum, as well as most crypto currencies, as property rather than currency. As a result, Ethereum is taxed as an asset.

Do you pay taxes when you buy Ethereum?

You do not pay taxes when you buy Ethereum. If you are swapping another cryptocurrency for Ethereum, you will pay tax on the coin swap because a coin swap is seen by most tax authorities as the disposal of one asset and the purchase of a new asset. This means that you will have to pay tax on the asset that you disposed off.

Do you pay taxes when you pay with Ethereum?

Yes! Since Ethereum is seen as property rather than currency, if you make a purchase using Ethereum you are seen by most tax authorities to be disposing of property and making a purchase with the proceeds. Any gains you have made when you purchase with Ethereum are taxable by most countries in the world.

How can I avoid taxes on Ethereum?

It is very difficult to evade taxes on cryptocurrencies. Many exchanges share data with the tax authority of the country they are headquartered with. This is either voluntary or mandatory. Coinbase has famously given all of its user information to the IRS, along with the transactions made by users. Many other exchanges have also been forced to do the same.

There are a few countries who have little to no tax on crypto.

Alternatively, implementing a strong tax strategy can minimise the tax you have to pay.

How can I use tax loss harvesting to reduce the tax I have to pay on Ethereum?

Tax loss harvesting refers to realising a loss, then buying back in and carrying over that loss to future tax years. If you hold your investment for longer than 12 months, you can be eligible for a Capital Gains Tax discount, which when combined to your losses can heavily reduce the amount of tax you have to pay. This means you can keep more of what you make.

How do I calculate taxes on ethereum?

To calculate tax on your Ethereum investments, use the ethereum tax calculator above. Enter in your income, date of purchase, date of sale, and quantity of transaction. The calculator will tell you how much your gross gain or loss is, if you are eligible for a Capital Gains Tax discount, how much tax you will pay, and how much your net gain or loss is after tax.

The ethereum tax calculator is free to use. There is no sign up required. Just start using it today.

About Ethereum

Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more. On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.
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