Bitvavo partners with Blockpit to make tax reports easy to file
Blockpit allows Belgian Bitvavo customers to easily add their digital currency to their tax return
Bitvavo, Benelux’s largest crypto trading platform, today announced a partnership with Blockpit, European market leader in tax reports for digital currencies. Thanks to Blockpit’s technology, Belgian Bitvavo users can now easily import a tax report of all their digital currencies and immediately submit it to the tax authorities.
Local tax frameworks
Blockpit works with the consulting firm KPMG to always comply with local legislation. The tax frameworks are constantly updated so that the reports are tailored to the country where the user pays their taxes. Tax reports are available in countries including Germany, the Netherlands, Spain, France and Belgium.
Crypto tax in Belgium
The legal rules around crypto taxation seem complex at first glance, but need not be. That is why Bitvavo is joining forces with Blockpit. Bitvavo wants to make digital currencies accessible to everyone and make tax returns as easy as possible for all its users.
In Belgium, individuals who do not invest for the long term are considered traders. They are subject to a capital gains tax of 33%. This is calculated on the difference between the purchase price and the sale price of the digital currency.
For more information: https://blog.bitvavo.com/blockpit-partnership/
About Bitvavo
Bitvavo was launched in 2018 in Amsterdam, with the aim of making digital currencies accessible. An ambitious, development-focused team is constantly working to improve and expand the Bitvavo platform. Bitvavo is a user-friendly and reliable trading platform for cryptocurrencies such as Bitcoin, Ethereum and Cardano.
With over 1 million Dutch-speaking users, Bitvavo is the largest platform in the Benelux for buying, selling and storing over 180 different crypto currencies. Bitvavo is registered as a digital currency exchange with De Nederlandsche Bank (DNB).
About Blockpit
Blockpit, founded in 2017 in Austria, is a leading provider of financial solutions for crypto wallet tracking and tax compliance. Both individuals and companies benefit from Blockpit’s tax compliance solutions, which are constantly reviewed and adapted to regulatory changes, in cooperation with a Big4 audit firm. Blockpit offers its country-specific tax return services in Europe and the US and sets a reporting standard between traders, auditors, institutions and authorities.