Rotterdam, 14 November 2024 – Filing taxes for cryptocurrency users will soon become easier than ever, thanks to a new partnership between Knaken, the leading Dutch cryptocurrency platform, and Divly, a prominent provider of crypto tax reporting services. This strategic alliance combines the expertise of both parties to simplify the tax process and enhance the user experience on both platforms.
For many crypto users in the Netherlands, keeping track of taxes is a complex and time-consuming process. With the new solution, transactions can be automatically processed into accurate tax reports without users having to manually track all their data. This not only saves time but also reduces the risk of errors that could lead to incorrect tax filings.
This collaboration comes at a crucial moment. Following the ruling by the Hoge Raad in June 2024, the current form of vermogensbelasting (wealth tax) was found to violate anti-discrimination laws and property rights. As a result, from 2025, the Belastingdienst will tax crypto users based on their actual returns (werkelijk rendement), if this is lower than the fictitious returns calculated by the Belastingdienst.
Given the volatility of cryptocurrencies, actual returns on taxpayers’ portfolios can differ significantly from the fictitious returns. This makes accurate tracking of actual returns essential to avoid overpaying taxes or missing out on potential refunds.
This new system adds a layer of complexity to tax calculations, increasing the demand for specialized crypto tax software. The partnership between Knaken and Divly ensures that crypto users are fully supported in meeting these new obligations.
For the first time, crypto users in the Netherlands will soon be able to use a service that supports them in correctly reporting their crypto taxes. The user-friendly solution helps users quickly and easily meet their tax obligations without requiring specialized knowledge. This lowers the threshold for both beginners and experienced users to stay compliant with the applicable regulations.
The collaboration between Knaken and Divly brings together two industry experts with a shared vision: to make cryptocurrency accessible and simple for everyone. According to Ronald Jonkers, CEO of Knaken, this partnership offers significant benefits for crypto users. “This partnership helps crypto users simplify their tax reporting, an important aspect of owning crypto. By integrating with Divly, the process becomes more accessible and efficient for everyone.”
Carl Gärdsell, CEO of Divly, also sees the added value for users: “By working with Knaken, we support crypto users in correctly and easily fulfilling their tax obligations. This partnership aligns with our goal of making crypto tax reporting as accessible as possible.”
Knaken is a leading cryptocurrency platform based in the Netherlands, focusing on providing a safe and intuitive environment for buying, selling, and managing digital assets. With a strong focus on innovation and customer satisfaction, Knaken aims to promote cryptocurrency adoption and modernize financial services.
Divly is an innovative service provider specializing in cryptocurrency tax reporting. The company offers automated solutions that make it easy for users to generate accurate and comprehensive tax reports, tailored to the specific regulations of their country. Divly’s mission is to eliminate the complexity of crypto taxes and support users in meeting their financial obligations.
Knaken
Nassaukade 5
3071 JL Rotterdam, Netherlands
Website: www.knaken.eu
For press inquiries, email [email protected]
Divly
Östgötagatan 12, 7tr
116 25 Stockholm, Sweden
Website: www.divly.com
For press inquiries, email [email protected]
This press release was issued on 14 November 2024. Visit the Knaken and Divly websites for the latest updates and information about this partnership.
Knaken Cryptohandel B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises Knaken Cryptohandel B.V.'s compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act 1977. Knaken Cryptohandel B.V. is not subject to prudential supervision by DNB or conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection.
Investing in crypto-related products involves significant risks.
