Bit2Me launched a free tool to make it easier for users to declare movements. cryptocurrencies under the 2022 Income Statement, which expires on June 30, as reported by the platform through a disclosure.
tool called Bit2Me Taxgenerates a financial report that includes a summary page, an overview of portfolio securities and changes in that portfolio, summaries of transactions and statements, explanatory notes, and assistance in completing the tax form. income statement. All this, as explained by the company, at no cost to the user.
The vehicle is currently Available as in SpainHowever, they point out from the company that soon users in Austria, Germany, Czech Republic and France will also be able to download the tax report by following each country’s regulations and teaching them how to fill in the boxes related to their taxes. forms.
In addition, Bit2Me will enable the ‘First In First Out’ (Fifo) reporting option to be able to serve any user of the platform regardless of their country of residence. all transaction transactions To offer users this tax offices From any country.
Beyond the tax report, Bit2Me Tax users can also get help at: qualified experts clearing all doubts and presenting the Income Statement.
For now, this new service is compatible with user accounts. bit2me platformhowever, it will become interoperable with other platforms in the coming fiscal years to increase the functionality of the service.
When should cryptocurrencies be declared?
Platform, in inquiries made to the Tax Office, you have to pay when there is an exchange between cryptocurrencies users have an exchange in their wallet (or ‘wallet’) even if it has not been converted into fiduciary money.
“If you bought a Bitcoin for 10,000 euros and after a few weeks you exchanged it completely for 100 ETH, and at that moment the Bitcoin is no longer worth 10,000 euros, but 11,000 euros, declare a capital gain 1,000 Euros in the Income Statement”, they take as an example from Bit2Me.
However, if the user only holds cryptocurrencies and does not make any movements throughout the yearor if you haven’t just bought and sold cryptocurrencies, you don’t need to add it to the Income Statement.
However, if cryptocurrencies were sold during 2022 and a equity increase (they are sold for more value than they were bought) so they had to be included in the Income Statement, the platform concludes.