How to file your Sui taxes with Koinly
Sui is a Layer-1, permissionless smart contract platform built with the Move programming language and engineered for high speed, security, and cost efficiency, aiming to minimize the time required for smart contract execution. If you've got SUI transactions though, you may have a tax bill. Don't worry, Koinly can help. Here's how it works.
Follow these steps to sync your SUI data automatically to Koinly:
- Open your SUI wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find SUI in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Sui?
Sui Network simplifies Web3 by making it more accessible while offering advanced solutions for decentralized apps and blockchain ecosystems. Its unique transaction mechanism accelerates speeds and lowers latency. Founded by ex-Meta engineers, Sui has achieved major milestones, including successful testnet and mainnet launches, backed by top venture capital firms. The network supports various industries like gaming, DeFi, and social networking, enabling true digital asset ownership and fast settlements. The SUI coin is central to its ecosystem, facilitating operations, governance, and network access, and is available to trade on exchanges.
What are SUI tokens?
The SUI coin is a native utility coin of the Sui Network, facilitating operations like transaction fees and staking for network security. It also allows holders to participate in governance, influencing the network's future direction.
Do I have to pay tax on my Sui transactions?
Yes. In most countries, profits from crypto transactions are subject to Capital Gains Tax or Income Tax. Learn more in our crypto tax guides.
How do I calculate my Sui taxes?
The easiest way to calculate your Sui taxes is to use Koinly. Just add your public address and let Koinly import your transaction data and calculate your gains, losses, income, and more.
