Find out how to access the Pre-sale of the new Tax Report for crypto declaration. Do you have multiple wallets or use multiple exchanges? A new dedicated service will be available in May!
One of the main causes of ‘headaches’ for cryptocurrency enthusiasts is tax returns. This is not because crypto enthusiasts want to behave non-compliantly with current regulations but precisely because of the complexity of these regulations, which often need to be clarified and are sometimes full of grey areas.
In addition, experienced users who navigate this universe in depth are used to making a large number of transactions, which then become very difficult to trace and reconstruct.
Last year, to remedy this problem, we launched the Tax Report, which was well received by our community. The aim was to ‘simplify life’ for our users and make declaring cryptocurrencies, almost, a piece of cake.
Once again, this year, we will not sit on our hands: from now on, you can access the Pre-sale of the new version of the Tax Report.
New Tax Report: everything you need to know
The updated Tax Report is located within the new ‘Taxes & Reports’ section of Young Platform (Web), in line with the recent changes introduced by the Budget Law 2023. These changes concern the rules on tax declaration and payment. The service allows you to download a handy PDF that includes essential aggregated data for filing your tax return from tax year 2023 until the first year of using the Young Platform exchange, both Basic and Pro.
The data in the Tax Report include:
- The total value of your portfolio at the beginning and end of the fiscal year;
- Details for each asset, including quantity, value of the asset, and value of the balance at the beginning and end of the fiscal year;
- Summary of disposals and profits generated during the fiscal year;
- Movements of deposits and withdrawals, both in fiat and cryptocurrencies;
- A simplified form of the pre-filled RW and RT forms is to be given to your accountant to facilitate sending the declaration.
Connect your external wallets – Report coming soon
If you use other exchanges, wallets (such as Metamask), or third-party blockchains to manage your cryptocurrencies in addition to Young Platform, we are developing a specific service for you. Thanks to a partnership with a major Italian partner, it will be possible to connect external wallets in addition to the one on Young Platform and import transactions carried out on various platforms. This will enable you to create a single PDF containing all the aggregated data necessary for your tax return.
Therefore, it is not necessary to purchase the New Tax Report, currently available for pre-sale, as it will be integrated into the new service we are developing, which will be available in May.
We advise users who also use other exchanges or crypto wallets to wait before purchasing the Report, as the one currently available for pre-sale can only be used for transactions carried out on Young Platform.
Request a consultation with an accountant
With the appropriate banner, you can submit a request to book a consultation with an accountant we selected so that you can be sure that all steps of the process are carried out correctly.
In short, the ‘Tax & Report’ service will be the only tool you will need to manage your cryptocurrencies effectively and comply with the new Budget Law 2023 and the Agenzia delle Entrate’s reporting obligations.
Pre-sale of the new Tax Report
Young Platform will release the new tax service well before tax return deadlines in the coming weeks. What’s more, our most loyal customers, i.e. Club members, will be able to access the new Tax Report pre-sale with an additional 10% discount.
This means that only our most loyal supporters can purchase the service for the next few weeks.
The Tax Report will be open to everyone in May, but the 10% discount will not be applied.
During the pre-sale dedicated to Clubs, the 10% discount will be added to the discount for the Club to which you belong.
Here is the total discount that Young Club members will benefit from until the end of the pre-sale:
- Club Bronze: 20%;
- Club Silver: 30%;
- Club Gold: 50%;
- Club Platinum: 90%.
These are the expected discounts after the end of the pre-sale:
- Club Bronze: 10%;
- Club Silver: 20%;
- Club Gold: 40%;
- Club Platinum: 80%.
The aforementioned discounts for Clubs refer only to the Tax Report dedicated to transactions carried out on Young Platform, and not to the upcoming Report in May, which will enable the connection of external exchanges and wallets. This is because, to offer this service to our users, we rely on an external partner.
In any case, the cost set by the provider we collaborate with is among the most competitive on the market, and Club members will be able to access additional discounts that are currently being finalised.
Go to Young Platform Web
How do I participate?
To purchase the service in advance and benefit from the 10% discount
- Access Young Platform from the Web version (desktop, i.e. not App)
- Click on ‘Taxes & Reports’. From there, provided you are a member of one of our clubs, you can participate in the pre-sale by purchasing the Tax Report
- The additional 10% discount is automatically calculated during the payment process
Once the service is officially launched, those who purchased the Tax Report during the pre-sale can download it at no extra cost!
Are you not a Young Platform user but would like to use the service? Please register for our platform or fill in the form to be contacted by our team.
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