In the United States as in France, it’s tax season. The opportunity for the Ledger brand to integrate a new tool that allows you to complete your tax return on the crypto-assets page.
The tool is offered by ZenLedger, a company active since 2018, and it allows you to track all of your transactions as well as compile the history of your crypto-related losses and gains.
Priority to American customers, Europe is following closely
On the other side of the Atlantic, the deadline for the tax season was April 18. A delicate exercise, especially when you have to add your income based on crypto-assets. The ZenLedger solution therefore intervenes to prevent you from tearing your hair out, because it calculates all the gains generated and contained in your Ledger device. The software evaluates in detail your income generated by mining, staking, lending and also does not forget the income from airdrops and NFT sales. You then download a form to return to the tax department of your country.
Asked about the implementation of this service, the marketing manager of Ledger underlines the innovation: ” This is the first time that Ledger Live has integrated a service dedicated to taxes “. The service itself is free and accessible to all owners of a Ledger physical wallet (Nano S or Nano X) and Ledger Live software. It is focused on US audiences as a priority, but European users can also benefit from it.
The Ledger brand, originally from Vierzon, has sold 3.5 million units of its products worldwide, and it ensures that 20% of global crypto-assets are contained in its physical wallets. The startup is growing and focusing on compliance and anti-money laundering, educating its users on the tax aspects of cryptocurrencies. In France, crypto income is taxable either at the flat rate of 12.8% or at the progressive scale of income tax, according to the Ministry of the Economy.
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Source : CoinTelegraph
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