Bit2Me, the leading digital assets firm in the Spanish market, registered with the Bank of Spain and owned by Inveready Venture Capital, the fund with the highest return in the Spanish market with €1 billion in assets under management, has launched Bit2Me Tax, the tool with which it wants to facilitate its users the fact of having to declare movements in cryptocurrencies within the 2022 Income Tax Return, whose deadline ends on June 30.
The tool, which has been very well received by Bit2Me users, generates a tax report with a summary sheet, an overview of securities in the portfolio and changes in the portfolio, summaries of transactions and statements, explanatory notes and assistance in completing the income tax return form. All this, according to the company, at no cost to the user, quickly and intuitively.
Bit2Me Tax is currently available as such in Spain, but the company indicates that soon users in Austria, Germany, Czech Republic and France will also be able to download the tax report, applying the regulations of each country and showing how to fill in the corresponding boxes with their tax forms. In addition, Bit2Me, in order to offer the service to any user of its platform regardless of their country of residence, is going to enable a FIFO (First In, First Out) reporting option with all the users’ transaction movements to be submitted to any tax authorities in any country.
In the words of Leif Ferreira, CEO and co-founder of Bit2Me, “our goal has always been to facilitate the use of cryptocurrencies to as many people as possible and, in this case, we are also concerned with paving the way for our users to comply with their income tax obligations. And proof of this is the great reception that this service has had among our community”.
In addition to the tax report, from Bit2Me Tax users can also receive professional assistance from qualified experts to resolve all doubts and file the Income Tax Return.
For now, the new Bit2Me Tax service is compatible with users’ accounts on the Bit2Me platform, although, in order to increase the functionalities of the service, it will become interoperable with other platforms for future fiscal years.