CryptoTaxCalculator Review 2025

What is CryptoTaxCalculator?

CryptoTaxCalculator is an Australian-based cryptocurrency tax software founded in 2018 and built specifically for the Australian market. Unlike international platforms that attempt to support multiple countries, CryptoTaxCalculator is laser-focused on ATO compliance and Australian tax law.

The platform is headquartered in Melbourne and is one of the most popular crypto tax solutions among Australian investors, accountants, and tax professionals. CryptoTaxCalculator is known for its deep understanding of CGT discount rules, personal use asset exemptions, and ATO reporting requirements that international platforms often mishandle.

CryptoTaxCalculator supports 350+ exchanges and wallets, covering all Australian exchanges (CoinSpot, Swyftx, Independent Reserve, CoinJar) as well as major international platforms (Binance, Coinbase, Kraken). The platform generates ATO-compliant reports that can be directly imported into myTax or shared with Australian accountants.

Key Features

1. ATO-Specific CGT Calculations

CryptoTaxCalculator's biggest advantage is its deep knowledge of Australian CGT rules:

• 50% CGT discount: Automatic application for assets held >12 months
• Personal use asset exemption: Tracks $10,000 threshold
• Cost base method: FIFO, LIFO, or average cost (ACB-style)
• Income vs capital gains: Proper classification based on ATO guidance
• Crypto-to-crypto trades: Correct CGT event treatment

International platforms often get these rules wrong, leading to overpaid taxes or audit risk. CryptoTaxCalculator gets them right.

2. MyTax Integration

CryptoTaxCalculator generates reports formatted for direct import into ATO myTax:

• Capital gains worksheet format
• Item-by-item transaction breakdown
• Pre-filled fields for myTax forms
• Totals match myTax requirements exactly

This saves hours of manual data entry and reduces errors.

3. Australian Exchange Support

Full API integration with all major Australian exchanges:

• CoinSpot: Australia's largest exchange
• Swyftx: Popular Aussie platform
• Independent Reserve: OTC and exchange
• CoinJar: Australian-based exchange
• BTC Markets: Melbourne-based platform
• Plus: Binance, Coinbase, Kraken, and 350+ others

4. Staking & DeFi Income Tracking

Proper classification of crypto income types per ATO guidance:

• Staking rewards: Ordinary income at time of receipt
• Airdrops: Income classification and valuation
• Mining: Business income tracking
• Interest: Lending platform interest as income

5. Accountant-Friendly Reports

CryptoTaxCalculator is widely used by Australian accountants:

• Detailed transaction ledger
• Cost base calculations with full audit trail
• Reconciliation reports
• Notes and memo fields for explanations
• Multi-client management for tax professionals

6. Tax Loss Harvesting

Identify opportunities to minimize your CGT liability:

• Shows coins currently at a loss
• Calculates potential tax savings
• Considers wash sale implications
• Optimization suggestions

CryptoTaxCalculator Pricing (2025)

CryptoTaxCalculator uses Australian dollar pricing with transaction-based tiers:

ATO Compliance Features

CryptoTaxCalculator's deep ATO compliance is what sets it apart:

Capital Gains Tax (CGT)

• 50% CGT discount: Automatically applied to assets held >12 months
• CGT event identification: Correctly identifies CGT events A1, C2, D1, etc.
• Cost base calculation: Includes acquisition costs, holding costs
• Capital losses: Proper offset against capital gains

Personal Use Asset Exemption

The ATO allows a $10,000 personal use exemption for crypto used to purchase goods/services:

• Tracks crypto-to-goods transactions
• Applies $10,000 threshold correctly
• Warns when approaching limit
• Proper documentation for ATO

Income Classification

Proper treatment of different income types:

• Trading as business: Identifies when crypto trading qualifies as business income (ordinary income, no CGT discount)
• Staking rewards: Ordinary income at FMV when received
• Mining: Business income with expense deductions
• Airdrops/forks: Income or CGT based on ATO guidance

MyTax Report Format

Reports match myTax requirements exactly:

• Capital gains/losses summary
• Item-by-item breakdown for Schedule items
• Income items (staking, mining)
• Deduction items (if applicable)

DeFi Support

CryptoTaxCalculator's DeFi support is basic to moderate:

Verdict: For mainstream activities (exchange trading, staking, simple swaps), CryptoTaxCalculator is excellent. For complex DeFi (yield farming, LP tokens, cross-chain), international platforms like Koinly may be better suited.

Pros & Cons

CryptoTaxCalculator vs Competitors (For Aussies)

CryptoTaxCalculator vs Koinly

Winner for Aussies: CryptoTaxCalculator for ATO compliance and value; Koinly for advanced DeFi and international portfolios.

Who Should Use CryptoTaxCalculator?

✅ Perfect For:

• Australian crypto investors — Best ATO compliance
• MyTax users — Direct integration saves time
• Exchange traders — CoinSpot, Swyftx, Binance, etc.
• Accountant collaboration — Reports match local CPA expectations
• CGT discount optimization — Proper 12-month tracking
• Budget-conscious Aussies — More affordable than Koinly

❌ Not Ideal For:

• Non-Australian users — Platform is Australia-specific
• Heavy DeFi users — Limited protocol support
• International portfolios — Only supports ATO reporting
• Portfolio trackers — No live price monitoring

Consider Instead:

• Koinly — If you need better DeFi support or international reporting
• TokenTax — If you want CPA services and audit defense

Frequently Asked Questions

Is CryptoTaxCalculator only for Australians?

Yes. CryptoTaxCalculator is built specifically for Australian tax law and ATO compliance. It doesn't support other countries. If you're not an Australian taxpayer, use Koinly or CoinTracker instead.

Does CryptoTaxCalculator integrate with myTax?

Yes. CryptoTaxCalculator generates reports formatted for direct import into ATO myTax, saving hours of manual data entry.

How much does CryptoTaxCalculator cost?

Pricing ranges from AU$59/year (200 transactions) to AU$299/year (unlimited). Most users pay AU$59-$99, making it one of the most affordable options for Australians.

Does it handle the 50% CGT discount correctly?

Yes. CryptoTaxCalculator automatically applies the 50% CGT discount for assets held longer than 12 months, which is often miscalculated by international platforms.

What about the $10,000 personal use exemption?

CryptoTaxCalculator tracks the $10,000 personal use asset exemption correctly, which applies when you use crypto to purchase goods or services.

Does CryptoTaxCalculator support Australian exchanges?

Yes. Full support for CoinSpot, Swyftx, Independent Reserve, CoinJar, BTC Markets, and all major international exchanges.

Is CryptoTaxCalculator good for DeFi?

CryptoTaxCalculator has basic DeFi support — adequate for simple swaps and staking, but limited for complex yield farming and LP tokens. Heavy DeFi users should consider Koinly.

Can my accountant use CryptoTaxCalculator reports?

Yes. CryptoTaxCalculator is widely used by Australian accountants and generates reports in formats they expect. The detailed transaction ledger and cost base calculations make accountant review easy.

Is there a free version?

Yes. The free plan supports up to 100 transactions with portfolio tracking and tax preview. Upgrade to a paid plan to download tax reports.

Does CryptoTaxCalculator have a mobile app?

No. CryptoTaxCalculator is web-only and doesn't offer iOS or Android apps.

Final Verdict: Is CryptoTaxCalculator Worth It?

If you're an Australian crypto investor, CryptoTaxCalculator is absolutely worth it and likely your best option. No other platform matches its deep understanding of ATO compliance, CGT discount rules, personal use exemptions, and myTax integration. These Australian-specific features make it superior to international alternatives for Aussie taxpayers.

At AU$59-$99 for most users, CryptoTaxCalculator is more affordable than Koinly (which costs AU$270 for 1,000 transactions) while offering better Australian tax compliance. The local support team understands Australian tax questions and can provide guidance that international platforms can't match.

The only reason to choose an international platform over CryptoTaxCalculator is if you're a heavy DeFi user with complex yield farming activities. In that case, Koinly's superior DeFi support may be worth the higher price and manual myTax entry.

Choose CryptoTaxCalculator If:

• You're an Australian taxpayer
• You want myTax integration
• You need proper 50% CGT discount application
• You trade on Australian exchanges
• You want local accountant-friendly reports
• You prefer supporting Australian businesses