Crypto Tax Calculator for Australia
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.
Rated 4.8 with 1100+ Reviews.
Crypto is on the ATO's radar again.
The ATO has put crypto holders on notice, stating crypto, DeFi and NFT trading activities are in the ATO’s crosshairs. If you’ve traded any crypto over the past financial year, it can be daunting trying to get all your transactions in one place. Koinly is designed to help cryptocurrency investors get their taxes in order quickly and easily.
How Koinly simplifies your taxes...
Easily import your trading history
Koinly can pull data automatically from Australian exchanges like Coinspot, Swyftx, Coinjar and Independent Reserve.
- DeFi, Margin trades & Futures. Whether you are staking on Kraken, lending on Nexo or going long on BitMEX. Koinly can handle it all.
- Smart transfer matching. Koinly uses AI to detect transfers between your own wallets and keep track of your original cost.
Preview your capital gains
Get a preview of your profit/loss for any tax year
- Portfolio tracking. See your total holdings, ROI and growth over time on a beautiful dashboard.
- Profit/loss & capital gains. Easily see how much you are up or down. View estimated realized and unrealized capital gains.
Download your tax documents
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.
- Capital gains report. Download your capital gains report, which shows all your short and long-term gains separately.
- Comprehensive tax report. Generate a full crypto tax report inclusive of all your disposals.
"Huge time saver when it comes to taxes, very customizable and useful in planning next trades"
"Finally a tool that can handle DeFi operations properly! Very happy so far"
"Uploading data was very straightforward and easy. Will definitely be back next year!"
Popular questions
Are cryptocurrencies taxed in Australia?
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.
Do I need to file taxes even if I made a loss?
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.
Are crypto to crypto trades taxed?
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.
How are capital gains calculated for crypto trades?
You have to use FIFO for calculating your crypto taxes. This means the coins you buy first are also the first ones to go.
Which exchanges do you support?
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.
Do I have to pay tax if I transfer crypto from one wallet to another?
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.
How can Koinly help?
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.