crypto markets have been breaking one record after another in 2017 and we have seen a surge in the interest on the question: what is my tax liability on the profits I made from cryptos? We have been working very hard in building an easy and convenient way to answer this question. Also we have put a lot of efforts in educating the public about the taxation of the digital assets. Now we would like to share with you what we have achieved so far and what lies in front of us:
Sep 2017 – Cooperation with the Frankfurt School of Finance and Management (FSFM)
We have started a series of publications regarding the taxation of digital assets with the renowned Frankfurt School of Finance and Management. Here is a selection of them:
Oct 2017 – Cooperation with a Big 4 accounting firm
We are very proud to have one of the Big 4 accounting firms as a partner. Through this partnership we are able to offer tax reporting services globally with the framework being approved by our partner.
Dec 2017 – Tax Reporting Service for Lykke
Have you ever wondered when you will receive reports from crypto exchanges and wallet providers, so you can use them for tax purposes? Lykke is working with CryptoTax on a solution that will make their customer’s live easier, by providing them country-specific tax reports:
Feb 2018 – Beta Testing
We are planning to start Beta Testing of our Tax Reporting Web App in February 2018. If you want to participate in the Beta Testing please subscribe to our newsletter.
Q1 2018 – Launch of the Tax Reporting App for German and Swiss Tax Reports
We plan to go live with the tax reporting for Germany and Switzerland. We are very excited about it and look forward to make tax reporting on the crypto assets quick, easy and convenient.
Q1-Q4 – more countries, more exchanges, more automation
We will continously expand our product offerings starting with UK and USA and adding more countries later. We will also provide more and more automated data imports from the most popular exchanges and wallets.
Last but not least, please also check our latest publication (in German) Bitcoin: 726 Mio. Euro zusätzliche Steuereinnahmen für das Steuerjahr 2017 durch Kryptowährungen
Your CryptoTax Team