Comoros Crypto Tax Guide: Ordinary Income, CIT 2026
Comoros treats cryptocurrency gains as ordinary income for most taxpayers. Individuals are taxed at progressive PIT rates (0-30%), and companies at CIT rates (15% for new businesses, 50% for established). There is no specific crypto tax law, so general tax principles apply. Mining and staking income is typically treated as business income. Here is how crypto taxation works in 2026.
Comoros' tax treatment of cryptocurrency is still developing but generally follows the principle that crypto transactions are taxable events unless specifically exempt. The DGI has issued limited guidance on digital assets. In the absence of specific legislation, general tax principles under the General Tax Code apply. Crypto gains are typically treated as either ordinary income (for individuals trading or mining) or business income (for companies). The crypto sector in Comoros is small but growing, with increasing interest from mobile money operators and fintech startups. Capital gains rules →
Real-world example: An individual buys Bitcoin for KMF 5,000,000 and sells later for KMF 12,000,000. Gain: KMF 7,000,000. This is added to other annual income and taxed at progressive PIT rates (0-30%) = up to KMF 2,100,000 depending on total income. A company trading crypto with KMF 20,000,000 in profits: CIT at 50% = KMF 10,000,000 (or 15% = KMF 3,000,000 for new businesses). A miner earning KMF 3,000,000 from mining activities: treated as business income, taxed at PIT rates. Corporate tax rates →
Tax Classification of Crypto Activities
- Long-term holding (investment): Gains treated as ordinary income when disposed — taxed at progressive PIT rates 0-30% for individuals
- Frequent trading (business): Gains treated as business income — taxed at progressive PIT rates or CIT if conducted through a company
- Mining: Income from mining is treated as business income — taxed at PIT or CIT rates. Mining equipment costs may be deductible
- Staking and DeFi yield: Generally treated as investment income or business income depending on activity level
- NFTs: Treated as digital assets — gains follow the same classification as crypto (ordinary income)
- Airdrops and forks: Generally treated as income at fair market value at receipt, taxed at applicable rates
Crypto-to-Crypto Transactions
In Comoros, crypto-to-crypto trades (e.g., Bitcoin to Ethereum) are generally considered taxable events. The disposal of one cryptocurrency for another triggers a gain or loss calculation based on the fair market value of the asset disposed of. Each trade is treated as a realization event, and the gain is added to ordinary income for the tax period.
Record Keeping and Reporting
- Maintain records of all crypto transactions: date, value in KMF at transaction time, counterparty, transaction hash
- Use crypto tax software or a tax professional to calculate gains/losses in KMF
- Report crypto income and gains in the annual tax return (due by May 31)
- VAT may apply to crypto exchange fees and advisory services (standard 10% rate)
The DGI may request crypto transaction records during tax audits. Failure to report crypto gains can result in penalties and interest.
Is crypto-to-fiat conversion taxable?
Yes. Converting cryptocurrency to Comorian Francs (KMF) or any fiat currency is a disposal event that triggers a gain or loss calculation. The gain is the difference between the sale proceeds and the cost basis in KMF. The gain is treated as ordinary income.
Do crypto exchanges need to register in Comoros?
Yes. Crypto exchanges and wallet providers operating in Comoros must register with the DGI and comply with Anti-Money Laundering (AML) regulations under the Central Bank of Comoros. They may also need to register for VAT on their service fees. The regulatory framework for crypto assets is being developed.