Calculate Your Crypto, DeFi and NFT Taxes in as little as 20 minutes. Quick, simple and reliable.
Built to comply with Aussie tax standards
Free crypto tax preview
700+ integrations incl. Coinspot & Swyftx.
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Koinly can pull data automatically from Australian exchanges like Coinspot, Swyftx, Coinjar and Independent Reserve.
Get a preview of your profit/loss for any tax year
Whether you’re lodging your tax return yourself via myGov, or working with an accountant - Koinly has a range of crypto tax reports for you.
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Yes, the Australian Tax Agency (ATO) has issued official guidance stating that cryptocurrency is taxed as a capital gains asset which means you have to pay tax every time you trade, sell or use crypto to pay for goods/items.
Yes. It doesn't matter if you only made losses, you still have to report it to your tax agency. In fact, reporting losses can be valuable as you may be able to use these to offset future gains.
Yes. Any exchange of cryptocurrencies is also a taxable event. For ex. if you exchange Bitcoin for Ripple, the ATO and other tax agencies will treat this as a sale of Bitcoin at the market price of the XRP you received.
You have to use FIFO for calculating your crypto taxes. This means the coins you buy first are also the first ones to go.
Koinly supports over 300 exchanges including Australian exchanges like Coinspot, Coinjar, Swyftx, Independent Reserve etc. Even margin trades and futures on Binance, Kraken & others are supported.
No, you don't. As long as you own both wallets there's no tax to pay on transfers. However, you still have to keep track of the original cost of the transferred coins and have sufficient proof of it.
Koinly automatically imports your transactions, finds the market prices at the time of your trades, matches transfers between your own wallets, calculates your estimated crypto gains/losses and generates your tax reports!
Disclaimer: the statements on this webpage are for general information only and are not intended as tax advice. For tax advice, please consult a tax professional.