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

Coinpanda also supports the following country-specific calculation methods:

  • The UK: Share Pool - incl. the same-day and the 30-day rule

  • Canada: Adjusted Cost Base - incl. Superficial Loss Rule

  • Japan: TCB - Total Cost Basis

  • France: PFU - Prélèvement Forfaitaire Unique

Supported jurisdictions by Coinpanda include, but are not limited to, the following countries:

  • USA, Canada

  • Australia, New Zealand

  • Japan, South Korea, Singapore, Thailand, Malaysia

  • Brazil, Chile, Argentina, Peru, Mexico, Colombia

  • The UK, Germany, Spain, France, Austria, Switzerland, Malta, Norway, Sweden, Denmark, Finland, the Netherlands, France, Portugal, Bulgaria, Poland, Hungary

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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