Catax is a cryptocurrency taxation platform that integrates with over 30 exchanges, wallets, and blockchain services to automatically calculate tax liabilities based on transaction data. It generates tax-compliant reports and provides filing assistance, enabling users to efficiently manage their crypto tax obligations.
Funding
Funding not disclosed
Founders
Product
Problem
Calculating cryptocurrency taxes can be complex due to the numerous exchanges, wallets, and blockchain networks, leading to potential errors and compliance issues. Many crypto investors lack the expertise to accurately track transactions and determine their tax liabilities. This complexity increases the risk of audits and penalties for incorrect filings.
Solution
Catax is a cryptocurrency tax platform that simplifies tax reporting by integrating with over 30 exchanges, wallets, and blockchain services. The platform automatically calculates tax liabilities from transaction data, providing users with tax-compliant reports. Users can connect their various crypto accounts, import transaction history, and generate reports tailored to their specific country's tax regulations. Catax aims to streamline the crypto tax process, ensuring users can efficiently manage their tax obligations and minimize the risk of errors.
Target Audience
Catax targets cryptocurrency investors and traders who need assistance with calculating and reporting their crypto taxes, as well as accounting professionals seeking tools to manage crypto tax compliance for their clients.
Features
- Integration with 30+ exchanges, wallets, and blockchain services for comprehensive data import
- Automated tax calculations based on transaction history
- Generation of tax-compliant reports for various countries
- Support for a wide range of cryptocurrencies and tokens, including ERC-20 tokens
- Public address/key import for Bitcoin and Ethereum wallets
- Analysis engine that processes transactions and computes tax parameters