Description
TaxBit provides end-to-end automation for digital asset tax and regulatory compliance, purpose-built for enterprises, financial institutions, and government agencies.
Key Features
- End-to-End Automation: Seamlessly ingest transaction data, perform automated calculations, and generate required tax forms across multiple jurisdictions.
- Multi-Jurisdiction Support: Compliant with US information reporting (1099-DA, 1042-S), EU regulations (DAC8/CARF, DAC7/MRDP), and 140+ countries and regimes.
- API-First Architecture: Integrate quickly with developer-friendly SDKs and real-time API responses for fast, accurate data reconciliation.
- Government Solutions: Investigate digital asset activity, analyze on-chain and off-chain flows, and manage government-held assets with audit-ready outputs.
Use Cases
TaxBit serves custodial exchanges, payment processors, marketplaces, fintech platforms, and government agencies needing scalable, audit-ready tax compliance. Built by CPAs and tax attorneys, the platform is SOC audited and trusted by regulators and Fortune 500 companies.
Highlights
Pros
- Supports multi-jurisdiction tax reporting across 70+ jurisdictions and 140+ countries/regimes, including US 1099-DA, EU DAC8/CARF, and DAC7/MRDP.
- API-first platform with developer-friendly SDKs and real-time API responses enabling fast, scalable integration with existing enterprise systems.
- Trusted by Fortune 500 companies including PayPal, Binance, and Google, with over $500B in reconciled digital asset transactions and 100M+ forms generated.
- End-to-end automation pipeline from data ingestion and transaction reconciliation through to tax form generation and regulatory filing.
- Platform built by CPAs and tax attorneys, providing expert-designed tax logic and audit-ready reporting accuracy.
- SOC 2 certified with independently audited security controls and a robust enterprise compliance framework.
Cons
- Some previously supported exchange integrations have been removed from the platform with no plans to restore support.
- Individual and consumer premium tax plans have been discontinued, leaving personal crypto investors without paid support or advanced features.
- Customer support is limited to live chat and email with no phone support option available.
- No mobile app is available, limiting access for users who need on-the-go portfolio and tax status monitoring.
- DeFi and NFT transaction support remains in Beta, lagging behind competitors that offer comprehensive on-chain DeFi and NFT tax handling.