Bitwala integrates CryptoTax for tax declaration

Tuesday 22 October 2019 11:54 CET | News

Open Banking Report 2019 Bitwala, a blockchain-banking service, has announced it will be integrating CryptoTax, a tool that helps crypto users comply with the deadline for the annual tax declaration.Open Banking Report 2019

Starting with the tax year 2019, Bitwala customers in all 31 countries of the European Economic Area (EEA) will benefit from ready-for-use and fully compliant tax statements for all transactions, according to the official press release. German and Swiss taxpayers will receive country-specific tax reports meeting all legal requirements. 

Based on the expertise that the CryptoTax’ solution provides, the individualised reports can be passed on to be processed by tax accountants or directly handed over to tax authorities. For the tax year 2019 the creation of tax reports will be free of charge for Bitwala users.

For EEA residents outside of Germany and Switzerland, CryptoTax will produce elaborate generic tax reports, which can serve as a solid foundation for reporting taxes in the respective jurisdictions. Progressively, CryptoTax will include more EEA countries to optimise taxation by the click of a button. 

To find out more about Bitwala, you can check out our interview with Bitwala’s founder Jörg von Minckwitz here.

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Keywords: Bitwala, cryptocurrency, blockchain, Bitcoin, tax declaration, CryptoTax, product launch, Europe
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Europe
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Blockchain & Cryptocurrencies

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