Crypto.com has launched a new service to help make it easier for Australians to file their cryptocurrency tax returns. This service, called the Crypto.com Tax, had been launched in Canada and the USA earlier. It is now being extended to Australian users.
Crypto.com Tax makes it easy to complete the complicated process of cryptocurrency income tax filings. The service is also free of cost. Crypto.com provides users with 100% accurate tax reports that include their cryptocurrency transaction history and records of long-term and short-term profits and losses. Crypto.com reports calculate all kinds of taxable and non-taxable cryptocurrency exchanges and transactions.
Crypto.com lets users download their transaction history from different supported crypto exchanges in the form of a CSV file. Crypto.com Tax also has an API synchronization service compatible with major crypto platforms like Crypto.com mobile app. Once all the data has been downloaded and added to Crypto.com tax, it can calculate the user’s estimated tax on cryptocurrency transactions in just a few minutes. The user can then download this estimate report and submit it for their cryptocurrency tax filing with the government.
Crypto.com Tax has worked with some of Australia’s best tax law advisors to create a system of estimation complying with all Australian taxation regulations.
Crypto.com is a kind of bank for cryptocurrency that provides all services related to buying, selling, and exchange through the platform. Additional information like trading rates and compliance certifications of Crypto.com is also mentioned in the review.
This tax filing service is the newest addition to the platform’s already extensive repertoire of services. They hope to make cryptocurrencies safer and easier to deal with for ordinary Australian citizens to capture a larger market share in the Australian crypto sector.