Country-specific tax reports for France and Spain
We are thrilled to announce the extension of our Big Four audited tax reports offerings to and in addition to those currently available for the United States, Germany, Austria and Switzerland.
Tax season is in full swing and crypto traders and investors are required to report taxes on their profits or losses made in a tax year.
French and Spanish Blockpit users can now track the tax implications of their investments in cryptocurrency and digital assets with a tailor-made solution to the legal requirements of their country.
Tax and regulatory aspects of cryptocurrencies and tokenized assets are subject to rapid and continuous change, just like the crypto market itself. Therefore correct documentation of the trading history with software that reflects the current tax regulations is indispensable and plays an essential role as evidence for tax purposes.
Tax and portfolio tracking with Blockpit
Profits generated by trading cryptocurrencies or tokenized assets are not withheld nor declared by crypto trading exchanges but must be independently declared in your own tax declaration. Many traders ignore the fact that an optimized calculation of their tax base is only possible if they can show a complete documentation of all transactions.
With Blockpit, you can directly connect popular crypto trading exchanges such as Bitpanda, Binance and many others via an encrypted API interface. This way, your past and future trading data is automatically recorded and evaluated on daily basis for tax purposes. In addition, Blockpit is a portfolio tracker and shows at a glance account balances across wallets and exchanges. The display of tax-free assets and transactions is an additional tax-optimized trading feature that will be available later this year.
. This will take your investment and trading strategy to the next level.
Blockpit’s tax reports are developed with the expertise of our Big Four partner and therefore offer the highest degree of legal certainty. The tax report can be downloaded as a PDF document at any time and as often as you like. Keeping a record of transactions is important not only for tax purposes but also as proof of funds when cashing out your profits back into your bank account later. Banks are subject to strict anti-money laundering guidelines and therefore might require proof of funds even for average amounts. Documentation is therefore equally relevant for long-term investors as well as day traders.
Blockpit advantages for Bitpanda users
In the course of the expansion of our product offerings, which we are pursuing with our cooperation partner Bitpanda, all users in Germany, Austria, Switzerland, France and Spain who register to Blockpit via Bitpanda or Bitpanda Pro link between May 6 and May 25 will get a 25% discount offer on 2020 & 2021 Blockpit’s advanced and professional licenses for any purchase within the promotion period. In addition, several hundred free Blockpit Professional licenses will be offered to BEST VIP users, Bitpanda Pro, and many other randomly selected users.
The fastest new registered users will also receive BEST Airdrops worth €5 to €200 each!
If you are a verified Bitpanda user, follow this link, to register your free Blockpit account and participate in the Airdrop.
If you are a verified Bitpanda Pro user, follow this link, to register your free Blockpit account and participate in the Airdrop.
Those who have already registered during the last campaign can also participate in the giveaway of the licences and get a 25% discount. The discount will be automatically considered when you upgrade the licence.
You can find the full information about eligibility and how to participate in the Bitpanda blogarticle.
As an application that is directly integrated with Bitpanda and Bitpanda Pro, Blockpit gives you the fastest possible connection for tax-optimized trading and tracking.
You have no account at Bitpanda yet? You can register here.
Disclaimer: The information provided in this blog post is for general information purposes only. The information was completed to the best of our knowledge and does not claim either correctness or accuracy. For detailed information on crypto regulations, we recommend contacting a certified legal advisor in the respective country. If any questions occur, feel free to contact us on our social media channels.
Originally published at https://blog.blockpit.io on May 2, 2021.