What's new for crypto taxes in 2025
Several reporting changes came into effect for the 2025 tax year. Understanding them before you file reduces the risk of mismatches between what you report and what tax authorities already know.
United States - Form 1099-DA
Form 1099-DA is now mandatory for crypto brokers including Coinbase, Binance US, and Kraken. It reports gross proceeds from disposals - not your gain or loss. A copy goes to the IRS automatically, so the IRS sees your proceeds whether or not you file. Cost basis remains your responsibility to calculate.
United Kingdom - updated CGT rates
Since 30 October 2024, Capital Gains Tax on crypto disposals is 18% for basic rate taxpayers and 24% for higher rate taxpayers. The Annual Exempt Amount for 2024/25 is £3,000. Section 104 pooling, same-day, and bed & breakfast matching rules remain unchanged.
Canada - inclusion rate
The capital gains inclusion rate is 50% under the current Income Tax Act. A proposed increase to 2/3 for gains over $250,000 was introduced in 2024 but was subsequently cancelled. The 50% rate applies for the 2025 tax year.
Australia - ATO data matching
The ATO's data matching program is active - exchanges report transaction data directly. The 50% CGT discount for assets held 12 months or more still applies. The calculator applies FIFO for cost basis.
Supported exchanges for 2025
Upload your CSV from any of the three supported exchanges:
- Coinbase - 35+ transaction types including Advanced Trade, Coinbase Earn, staking rewards, and Learning Rewards
- Binance - 75+ operations including Spot, Earn, BNB vault, and all staking activity. Use the Transaction History export, not Trade History.
- Kraken - full Ledger format with refid pairing, staking suffixes (ETH.S, DOT.S), and margin activity
What the 2025 report includes
- Capital gains summary mapped to your country's tax forms
- Short-term vs long-term breakdown (US)
- Staking and earn income listed separately with per-reward fair market values
- Filing guide showing exactly where to enter each figure on your return
- Complete transaction audit trail with cost basis and proceeds for every disposal
- End-of-year holdings with cost basis for next year's reporting
2025 tax deadlines by country
| Country | Tax Year End | Filing Deadline |
|---|---|---|
| United States | Dec 31, 2025 | April 15, 2026 |
| United Kingdom | April 5, 2026 | January 31, 2027 |
| Canada | Dec 31, 2025 | April 30, 2026 |
| Australia | June 30, 2026 | October 31, 2026 |
| India | March 31, 2026 | July 31, 2026 |
| New Zealand | March 31, 2026 | July 7, 2026 |
| South Africa | Feb 28, 2026 | October 23, 2026 |
Exchange-specific tax calculators
If you know which exchange you used, go directly to the exchange-specific calculator for tailored export instructions and parser notes: