Crypto tax calculations:
Simplified.

Takuya Tanabe

COINTAX

Cryptact is more accurate in its calculations than any other service, and the data it outputs is easy to verify. When using a crypto calculation system, we want to make sure that the calculations are accurate and that the output data is easy to reconcile. Cryptact has met these two requirements at a high level, and we have been using it since its release. In addition to the number of exchanges and currencies supported, and the ability to handle large transaction volumes, the service is being constantly updated, and I can feel that it is becoming easier and easier to use all the time. Even if you file your tax return based on the results of a calculation service, you will be responsible for any tax audit that results due to inaccurate calculations. Cryptact is highly recommended because not only does it calculate according to NTA guidelines, but it also displays errors for any incorrect transactions, making it difficult to make mistakes in your tax preparation.

Keigo Sasa

REBFLEET Tax Associates

In addition to the number of supported exchanges the API integration and DeFi functions are very helpful. I find this service very easy to use. The service covers most exchanges in Japan, and most of the exchanges that my Japanese clients use overseas. The number of exchanges supported via API is increasing, making it easier to track profits and losses not only during the tax filing period but also in the middle of the year. This can help with making better trading decisions towards the end of the year. Also, for DeFi transactions, collecting data and calculating profit can be done simply by inputting a wallet address, which is very convenient. As the number of supported chains increases in the future, I believe that it will become even easier to handle tax returns even with DeFi transactions.