SMART VALOR implements free tax reporting tool on its platform
SMART VALOR is now offering a service for the easy creation of tax reports. With this free service, the customers can track all their crypto transactions processed via SMART VALOR and create detailed reports with just a few clicks.
Cryptocurrencies are not only difficult to define legally, but their regulatory framework also poses a lot of challenges. For their crypto activities to be properly taxed, crypto holders need to be able to provide accurate records of all transactions. This is a complicated matter even for experts, especially when it comes to documenting holdings on multiple crypto exchanges and different wallets.
SMART VALOR's tech teams work continuously to simplify the platform's processes, minimize waiting times and always ensure the highest level of security. Helping our clients to properly record all tax-related transactions is another component of our commitment to providing the best possible user experience.
In the first phase, our customers can now document all their activities carried out on the SMART VALOR platform and create detailed tax reports. The service is free, easy to use and offers support for all types of crypto activities, including deposits, withdrawals, trading, staking and much more.
The reports are generated under the assumption that all buy and sell transactions were processed via SMART VALOR and that only SMART VALOR wallets were used for crypto custody. For clients who also use services or wallets from other providers, the reports can be applied in conjunction with the consolidation of overall transactions in consultation with a tax advisor.
In a second step, SMART VALOR will expand its tax reporting service. Soon, clients will be able to export their transactions as CSVs and import them into external tax programs.
The new tax reporting tool has been provided in cooperation with Blockpit, a company based in Austria. Blockpit's core business is to offer crypto tax solutions to individuals and companies. The tax reports are based on country-specific tax guidelines developed by a Big Four accounting firm to ensure maximum legal compliance in each jurisdiction.
The tax reporting function is with immediate effect available to all SMART VALOR customers with a verified user account.
For additional information, please contact
Olga Feldmeier, Chairman of the board and Co-founder
Email [email protected]
Adrian Faulkner, General Counsel
Mobile: +44 779 695 0688
Email: [email protected]
Mangold Fondkommission AB is acting as the Company's Certified Adviser and can be reached on phone number +46 8 5030 1550 and [email protected].
Mobile: +46 79 340 22 08
Email: [email protected]
About SMART VALOR
SMART VALOR is a Swiss company which acts as trusted gateway to blockchain technology for investors and institutions. It operates a publicly accessible digital asset exchange, custody and asset management and offers its technology as Crypto-as-a-Service to financial institutions. SMART VALOR was one of the first crypto companies to receive a financial intermediary status in Switzerland in 2018. In 2020, the FMA approved SMART VALOR as an exchange and custodian under the Blockchain Act of Liechtenstein, one of the most advanced regulatory frameworks in Europe.
Swiss-based financial institutions SMART VALOR and Dukascopy Bank have partnered with the aim of simplifying the purchase and trading of cryptocurrencies. By linking their SMART VALOR account and their Dukascopy Bank account, customers will benefit from fast and convenient transactions in digital assets. Dukascopy clients will receive access to 176 digital asset pairs on the SMART VALOR platform. The integration has been completed and tested. The service will be available for all Dukascopy and SMART VALOR from 6 July 2022.
The Annual General Meeting (the "AGM") in SMART VALOR AG (the "Company" or "SMART VALOR") was held today at 19:00 CEST in the offices of PST legal & consulting, Baarerstrasse 10, 6300 Zug. Holders of Swedish Depositary Receipts have been able to vote by proxy before the AGM. All resolutions were passed with the required majority in accordance with the previously announced resolution proposals. The main resolutions adopted by the AGM are summarized below.
SMART VALOR AG ("SMART VALOR" or the "Company"), the first and only full-service digital asset exchange operating under the regulation of Switzerland and Liechtenstein, publishes the company's annual report for 2021, including figures based on audited financial statements. The report is available in English on the company's website.
SMART VALOR creating impact for Ukraine at its home turf, hosting a House of Ukraine in Davos during the World Economic Forum
SMART VALOR AG publishes the company's Q1 Report for 2022. The report is available in English on the company's website
Holders of Swedish Depository Receipts ("SDRs") are hereby invited to vote by proxy at the Annual General Meeting ("AGM") of SMART VALOR AG, reg. no. CHF-306.481.585 (the "Company" or "SMART VALOR"), which will be held on 29 June 2022 at 14:00 CEST in the offices of PST legal & consulting, Baarerstrasse 10, 6300 Zug.
The convening notice in full, including the agenda of the shareholders meeting, will be available together with other AGM related documents on the Companys website www.smartvalor.com/en.
Board member Jan Risberg steps down from SMART VALOR's board and joins the board of SMART VALOR's Liechtenstein based subsidiary.
As of 2 May 2022, Niclas Holmberg has taken on the position of Commercial Director at SMART VALOR AG, after his six-year tenure as Managing Director Global Listings at Nasdaq in Sweden. Niclas takes over the lead for B2B business and partnerships with banks and fintech companies as well as investor relations.
The initial press release did not include a financial summary or MAR stamp, both of which are included in this amended release.
SMART VALOR AG publishes the company's preliminary year-end report for 2021. The report is available in English on the company's website
SMART VALOR Group AG