Congratulations you made it to the final step! The process will differ depending on what country you are declaring taxes in. Fear not, Divly has detailed guides on how to declare your crypto taxes for every country we support.
Download your crypto tax report
In Divly, go to the page Tax Report to begin the final process. You will be able to see a generic summary of your crypto taxes for every year. These numbers are purely informative and should not be used to declare your taxes.
In the top left, make sure to select the year you are declaring for. If you are declaring for the tax year 2023, please select 2023.
If you have followed this guide and reviewed your portfolio, click the button Generate Tax Report 20XX to create your tax report. You will need to have paid for the current year to download the crypto tax report in a format that can be submitted to the local tax authority.
Each country will have different options on what report to generate. If you are unsure which one applies to you, select the report that has the recommended tag.
The report will show up below and you can click it to download The Divly Tax Report. It will be stored on Divly in your account if you need to download it again.
Declare your taxes to the local tax authority
The Divly Tax Report is customized to fit each country's tax requirements and filing process. When you open the PDF you will be greeted with clear instructions and a link to a guide that explains exactly how you declare the contents to your local tax authority.
You can download an example crypto tax report for every country supported by Divly. It also includes links to the tax report guides for every supported country.
Once you have followed the instructions in the report and declared your crypto taxes, you are done! Time to celebrate and breathe a sigh of relief.
Lock your transaction history
It is suggested that you lock your transactions until the end of the latest tax year you have successfully declared for. This ensures that you wont accidently overwrite or delete your past transactions. Divly will prompt you to do this after you have generated your tax report.
Keep your portfolio up to date
When you have gone through the process once, the following years are usually a lot easier to manage since all your previous transactions will already have been imported and accounted for.
From here on out you can keep using Divly throughout the year to update and check your taxes on an ongoing basis. Try to use Divly to help you make more informed decisions about your crypto portfolio and taxes. In many countries you can offset your gains with your losses to minimize the taxes you pay.
If you have any further questions, please feel free to reach out to our support team on Divly in the chat box found in the bottom right hand corner. We are here to help! :)