Are tax rulings still the best way to go in 2025 to avoid paying income tax on one-off bitcoin sales?

Hello,

I found your intervention in the Bitcoin Nicosia meetup very interesting, and your website’s crypto page is insightful.

Are tax rulings still the best way to go in 2025 to avoid paying income tax on one-off bitcoin sales? (Not trading revenue).

Did other people get positive results on tax rulings for that scenario in 2025?

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Dear Client,

As explained in subsequent videos in our YouTube channel, it’s hard to be considered a one off trader unless you have inherited the cryptos; which even then this was not yet tested.

I’m case of doubt, a tax ruling is always the best way going forward.

Dear Client,

Good day! I hope you are well.

Following Kyriakos reply on the 3rd of April, would you be interested in applying to obtain a tax ruling?

If yes, please inform us accordingly and we will initiate the process.

Hi team,

Yes, I would be interested in getting a tax ruling, and a quote for how much I should expect. 

Do I need to answer any questions to get that started, or do you have a standard price for any tax ruling?

Thanks.

Dear Client,

Thank you for your email. 

We can offer a discounted tax ruling for Euro 3,500 (from Euro 4,500) + VAT + Disbursements.

The disbursements vary from Euro 1,000 or Euro 2,000 depending if you want the ruling to be issued at fast track (which is more expensive). 

Disbursements are fees paid to the government to release their answer to our specific enquiries.

What does a Tax Ruling involves?

- it involves drafting of a detailed report in a structured manner;

- filling a tax ruling application;

- sending the draft report to the client for review;

- discussion of the draft report with client;

- obtaining an answer from the Cyprus Income Tax Office;

- discussing the report with the Cyprus Income Tax Office and the Client.

Kindly advise next steps.