Adapt to new Austrian Crypto-Tax-Law of 2022
T
Tuscany Canid
Still no support for Austria? I don't understand this.
You posted a detailed report on https://koinly.io/de/blog/austria-crypto-tax-reform/ on what had changed in 2022 and you are advertising to support it but you still don't do so in 2025.
It took me weeks to reconstruct everything on your site and i'm unable to migrate to another site.
When can we expect to see support?
T
Tuscany Canid
Still no support for Austria? I don't understand this.
You posted a detailed report on https://koinly.io/de/blog/austria-crypto-tax-reform/ on what had changed in 2022 and you are advertising to support it but you still don't do so in 2025.
It took me weeks to reconstruct everything on your site and i'm unable to migrate to another site.
When can we expect to see support?
O
Oyster Viper
I’m hoping Koinly will adapt to the new tax law so I can use it. It’s far better than most competitors in this space.
P
Present Planarian
Same issue in Italy, MiCa categories required here.... And more flexibility in Koinly, with reports for each wallet and at a user specific date-time. And the possibility to apply changes in calculations only after a certain date
William
Merged in a post:
Support for Austria Tax law 2021-2022 Update.
A
Alabaster Lamprey
It seems that as of march 2022, Austria plans to treat crypto like stocks and bonds, which seems to mean:
1) capital gains apply rather than income from speculative transactions, different rates.
2) Crypto to crypto trades will no longer be taxable
Coins purchased prior to Feb 28 2021 however will be treated as they were before. https://www.bmf.gv.at/presse/pressemeldungen/2021/November/besteuerung-kryptowaehrungen.html
William
Merged in a post:
Austria (Austria) tax method
C
Coral reef Lizard
Integrate the new tax calculation from Austria. In Austria the tax method is changed since 1th march 2022.
S
Square Prawn
Hello, I am a tax resident in Austria and I would like to use Koinly.
But unfortunately that seems to be a problem. Does anyone use suitable software? regards
X
Xenon grey Armadillo
Same for me. Don't want to leave. Though I have to.
S
Square Prawn
Xenon grey Armadillo Did you find a solution? I am in the same situation
S
Silver Heron
I SEE MANY PEOPLE WITH THE SAME PROBLEM HERE IF ANY ONE HAVE THE SOLUTION ADD ME IN TELEGRAM https://t.me/Parker111280
X
Xenon grey Armadillo
This is my WORKAROUND for new AUSTRIAN tax law for 2022 - for all of you still in hope that Koinly has not given up on us:
1.) you need to touch all PoS rewards :-(
1.a) set all rewards from Proof-of-Stake onchain staking (e.g. ADA, DOT, BNB, LUNA, ETH2.0, SOL etc.) manually to worth 0 (zero cost basis, taxed at divestment)
1.b) you may have to calculate the rewards you received before 1 March 2022 from your .csv Income report (old tax regime) or you can try to opt for uniform 2022 tax treatment
2.) you need to touch all transactions :-(
2.a) separate all fees from your Cost basis -> Ledger/Split -> merge again without fees (not deductable anymore)
2.b) switch all crypto-to-crypto transactions from Exchange to Swap
2.c) the ugliest part: check Cost analysis of every swap for Long holding period -> when you see 'Aquired on' before 1 March 2021 (Altbestand) you need to separate this part from your transaction and tag transaction with Exchange instead of Swap (soft delete transactions and add as many partial transactions as needed to do so, ordered by time according to FIFO)
2.d) finally you have to download .csv Capital gains report and sum up all transactions with Altbestand, i.e. Long
and
acquired before 1 March 2021.I hope this helps Koinly to adapt to new Austrian tax law really quick.
It might be a help for my Austrian Crypto fellows. However, it's a lot of work and time to invest. You might prefer the refund Koinly is offering to you.
Austrian administration has been a global pioneer by addressing most aspects of crypto, blockchain, staking and DeFi in Austrian tax laws. I am still hoping Koinly catches up soon.
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