Everything you need to know about cryptocurrency in Croatia

Bitcoin retail shop in Split, Croatia
Bitcoin retail shop in Split, Croatia

UPDATED: 8.5.2024.

Croatia is fairly open-minded about cryptocurrencies. Certain hotels, museums, webshops, gas stations, humanitarian associations, and even local government institutions accept crypto payments.

Whether you are super jazzed about crypto or just a bit curious, this guide will give you the lay of the land for cryptocurrency in Croatia.

In this article, we cover:

The facts are these…

What is cryptocurrency?

We do not wish to educate people on all the ins and outs of cryptocurrency. Our goal is to share with you what you should know about cryptocurrency in Croatia. To do that properly, we want to set a baseline for this article – so we will hit the highlights in brief.

Cryptocurrency (or crypto, in short) is a digital or virtual currency secured by cryptography. This encryption ensures that it won’t be counterfeited or duplicated. Cryptocurrencies are usually organized into decentralized networks based on blockchain technology. Blockchain is a distributed database created by a disparate network of computers that tracks all cryptocurrency transactions.

Cryptocurrencies are significant because they are usually not issued by state authorities, meaning they are not subject to government interference or manipulation. They are decentralized electronic money that is easy to transfer without borders and can be “traded” for goods, services, or currencies issued by the state (like the euro). After you buy them, you save them in a digital wallet.

In addition to buying crypto, you can gain it through a process referred to as “mining”, which is done as part of participating in the online production of crypto. It is also possible to gain them through exchange, selling personal property, and donation, among other methods.

Cryptocurrencies available in Croatia

Cryptocurrencies are borderless, so they are all available in Croatia. There are currently over 6.000 cryptocurrencies on the global market, compared to only 33 in 2013. The 20 largest ones occupy approximately 90% of the worldwide market.

Since 2008, Bitcoin has been the most popular cryptocurrency in Croatia and worldwide. Ethereum closely follows it. New cryptocurrencies are constantly emerging. In the Balkans, Croatia, Serbia, and Slovenia are the most open to cryptocurrencies. They are up to date with the latest trends and have large communities of people investing in crypto.

How to buy cryptocurrency in Croatia

Cryptocurrencies can be bought via online platforms and physical cryptocurrency exchanges. These exchanges may offer services for purchasing, selling, storing, and using cryptocurrencies. You can buy cryptocurrencies with:

  • Cash
  • Credit cards
  • Bank transfers
  • Online or mobile banking through a Croatian bank
  • Payment slips called uplatnica
  • E-money transfer services like PayPal, Neteller, Transferwise, and Revolut
  • Digital wallet providers like Skrill

Purchases are possible at:

  • Hrvatska Pošta (Croatian postal office) – view more here
  • Bitcoin Store online – buy here
  • Bitcoin Store retail shops in Zagreb, Split, Rijeka – view locations here

The Bitcoin Store, operated by Digital Assets d.o.o., was founded in Croatia. It offers the purchase, sale, storage, and use of cryptocurrencies for payment, which is regulated by Hrvatska Agencija za nadzor financijskih usluga – HANFA (Croatian Financial Services Supervisory Agency).

Current prices of cryptocurrencies on the market are available here.

How the sale and purchase of crypto is documented in Croatia

The value of acquired and sold cryptos is determined according to certified documents. In Croatia, every purchase and sale must be confirmed by one of the following:

  • Certificate of online platform (decentralized stock exchanges or online traders)
  • Certificate of the exchange office that did the transaction
  • Ugovor (contract)
  • Rješenje (decision)
  • Potvrda (confirmation)
  • Print of transactions on an e-wallet (digital wallet)
  • Print of credit or debit card transactions used to purchase cryptocurrencies

If you purchased crypto from another natural person, the transaction must be documented by the agreement or another certified document that contains:

  • Personal data of the buyer and seller
  • Subject of sale
  • Date of sale
  • Amount and price
  • Number of sold cryptos
  • Method of payment

[Read: Difference between legal and natural persons in Croatia]

If you gain cryptos from a donation, you must have a donation agreement, proof of payment, or any other equivalent document that contains:

  • Personal data of the donor and receiver
  • Date of donation
  • Date of acquisition by the donor
  • Value of financial assets on the day of acquisition by the donor
  • Value (number of units and market value)
  • Signature

Taxes on cryptocurrencies in Croatia

Rules on paying taxes on cryptocurrencies depend on each country and its internal policies. Cryptocurrency transactions are still not regulated and supervised by Croatian laws. However, you must pay taxes depending on how you obtain your cryptocurrency.

1. Sold cryptocurrencies

Income from the sale of cryptocurrencies in Croatia is treated as a form of financial transaction. This means that it is taxed in the same way as other receipts from financial assets. Sold cryptos are considered to be a type of receipt, so you must pay income tax called porez na dohodak.

The tax is calculated based on earned profit. The tax basis is a capital gain reduced by transaction costs and capital loss realized in the previous year. The tax rate is 12%.

There is one exception related to paying this tax. The profit earned in transactions where more than two years have passed from acquisition to sale is not taxed. If you sold crypto in less than two years, you must pay tax.

[Read: All the taxes you might pay in Croatia]

2. Exchanged cryptocurrencies

If you exchanged your cryptocurrency for another type of cryptocurrency, you are not obliged to pay tax since you didn’t turn it into traditional currency (so-called fiat currencies). The income tax will be calculated only if you exchange the cryptocurrency for traditional money.

3. Mined cryptocurrency

If you gain cryptocurrencies from the mining process called rudarenje, it is considered working income. If you further use it for speculative trading through stock exchanges or online traders and make a profit, you must pay income tax. The basis for calculation is the difference between the purchase and sales value.

However, if you perform mining continuously to gain income over a long period and it is your only “job”, you must register a self-employment activity called samostalna djelatnost. Taxes are then paid according to the rules of payment for self-employment. The profit is then taxed according to this model:

  • 24% – up to 50.400,00 euros per year (up to 4.200,00 euros per month)
  • 36% – more than 50.400,00 euro per year (more than 4.200,00 euros per month)

If you earn more than 1.000.000,00 euros, then you must pay porez na dobit (profit tax) at a 10-18% rate.

4. Cryptocurrencies from incentives

If you earn cryptocurrencies from a specific incentive or promotion like watching ads, filling out surveys, promoting certain products on your website, or other means of advertising, you must pay tax based on working income or income from self-employment.

The profit is taxed according to this model for working income:

  • 24% – Up to 50.400,00 euros per year (up to 4.200,00 euros per month)
  • 36% – More than 50.400,00 euro per year (more than 4.200,00 euros per month)

5. Cryptocurrencies from selling personal property

If you gain cryptocurrencies by selling your personal property, the received income is non-taxable. For example, if you sell a used table from your home in exchange for cryptocurrency – it would not be taxable.

Learn how EU/EEA and Croatian citizens can purchase property in Croatia here and third-country citizens here.

6. Donated cryptocurrencies

It is possible to gain cryptocurrencies through donations, including blogs, web pages, or online apps for which you receive donations in crypto. In this case, the income is non-taxable if you have certified documents proving cryptos are donated by natural persons who don’t perform self-employment activity and if the gifts come from receipts taxed by income tax or receipts that are not considered income.

In other cases, you must pay income tax based on other income and contributions for pension insurance or income from self-employment if you perform a self-employment activity.

[Read: Do I need to open a bank account in Croatia]

Where is cryptocurrency accepted in Croatia?

Croatia is open to payment in cryptocurrencies instead of traditional money. More and more points of sale accept it as a standard payment method.

In Croatia, crypto payments are accepted via:

  • PayCek of the company Electrocoin – available here
  • FIMA Pay of the company Fima Plus- available here

PayCek is the most preferred payment system, and it is the most used by digital nomads.

[Read: How to apply for the digital nomad residence permit in Croatia]

Where to pay via PayCek

Payment via PayCek is available to certain places, including:

  • Konzum supermarkets
  • Hotels (Hotel Split, Hotel Marvie, Swanky Mint Hostel)
  • Restaurants and caffe bars
  • Museum of hangovers – view the museum guide here
  • Webshops (Bazaar)
  • Online news sources- view the news guide here
  • Tifon gas stations
  • Craft beer producers (Pulfer, Varionica, Pivovara Medvedgrad) – view the beer guide here
  • Humanitarian associations – view our guide to non-profits here
  • Private medical institutions
  • Car dealerships – learn how to buy a car here
  • City local government (Sveta Nedelja, Cres)

View a complete list of locations where you can buy via PayCek here.

Where to pay via FIMA Pay

Payment via FIMA Pay is available in:

  • Čakovec
  • Osijek
  • Varaždin
  • Zagreb

View a complete list of locations where you buy via FIMA Pay here.

You can pay utility costs in cryptocurrencies in the following cities:

  • Cres on the island of Cres – pay utilities here
  • Sveta Nedelja – pay utilities here

[Read: How to set up utilities for a property in Croatia]

Cryptocurrency meetups in Croatia

There are several meetups in Croatia focused on cryptocurrency, however many of them are held in Croatian. You can always reach out to them directly to see which languages they use. Meetups are organized by:

Cryptocurrency association UBIK

If you have any questions regarding cryptocurrencies, you may be interested in following UBIK or becoming a member. It is a small community of Croatian people who are heavily involved in the cryptocurrency world.

UBIK is a non-profit association focused on cryptocurrency trends in Croatia. It was founded in 2017 and is based in Zagreb. UBIK is an abbreviation for Udruga za blockchain i kriptovalute (Association for Blockchain and Cryptocurrencies).

UBIK aims to create a strong community of people involved in the cryptocurrency domain in Croatia and surrounding areas. They organize educational workshops to provide relevant information, knowledge, and education on blockchain technology and the crypto market. They also support blockchain projects through legal, financial, and technological support.

UBIK’s official page is available here. They are also available on Facebook here and forum here.

View our other Croatian financial articles

Što je kriptovaluta i kako funkcionira? by Kriptomat
Novi procvat kriptovaluta događa se na tržištu rada by Lider
Gdje se sve može plaćati kriptovalutama by Lider
Ako ste trgovali kriptovalutama ili dionicama i zaradili, vrijeme je da se javite poreznicima by tportal.hr
Porezni tretman kapitalnih dobitaka po osnovi trgovanja kriptovalutama by Porezna uprava
Porezna reforma 2024

Please note: Information provided by Expat in Croatia is only for the purposes of guidance. It does not constitute legal or financial advice in any form. Croatian laws and bureaucratic rules often change, and each personal case is individual, so different rules may apply. For legal advice, contact us to consult with a licensed Croatian lawyer. For financial advice, contact us to consult with a licensed Croatian tax advisor or accountant.

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