Coinpanda can calculate crypto taxes for every country that uses one of the following supported cost basis methods:

  • FIFO (First In First Out) - most commonly used

  • LIFO (Last In First Out)

  • HIFO (Highest In First Out)

  • ACB (Average Cost Basis)

  • Adjusted Cost Base (incl. Superficial Loss Rule) - Canada specific

  • Share Pool - UK specific

This includes, but are not limited to, the following countries:

North-America:

  • USA, Canada

Europe:

  • UK, Germany, Spain, Italy, Austria, Switzerland, Ireland, Malta, Norway, Sweden, Denmark, Finland, the Netherlands

Oceania:

  • Australia, New Zealand

Asia:

  • Japan, South Korea, Singapore, Thailand

South-America:

  • Brazil, Chile, Argentina, Peru, Mexico

You can contact the tax authority in your country if you are not sure about which cost basis method is allowed to use. The most common cost basis method to use is FIFO, but it could also be special tax rules in some countries that we are currently not aware of. Always consult with a tax professional or lawyer if you have detailed questions about this!

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