AI Summary
- If your country does not have a dedicated KoinX report, you receive the Default Complete Tax Report
- It provides standard capital gains calculations that your local accountant can interpret using your country’s rules
- Supports FIFO, LIFO, and HIFO cost basis methods
- All transaction tracking and gain/loss calculations work the same regardless of country
- KoinX adds new country-specific reports regularly based on user demand
Who Gets the Default Report?
You will see the Default Complete Tax Report if your country setting is anything other than India, USA, United Kingdom, Germany, Australia, Canada, Japan, or Italy. This includes users from countries like Singapore, UAE, Netherlands, France, Spain, Brazil, South Korea, and many others.What Is in the Default Report?
| Section | What It Shows |
|---|---|
| Capital Gains Summary | Total gains and losses from crypto disposals |
| Transaction Breakdown | Each disposal with cost basis and gain/loss |
| Income Events | Staking, airdrops, interest, valued at fair market value |
| Holdings Summary | Positions at start and end of year |
| Cost Basis Method | Which method was applied (FIFO, LIFO, or HIFO) |
How Your Accountant Uses This Report
The Default Report provides the raw calculations. Your local accountant then reviews the gains and losses to understand your crypto activity, applies local rules such as holding period exemptions, tax rates, and allowances, adjusts if needed for country-specific cost basis requirements, and prepares your filing using the data for your country’s tax forms. Example: If you are in Singapore (generally no capital gains tax for individuals), your accountant would confirm the gains are not taxable rather than applying a tax rate. If you are in France, your accountant would apply the French flat tax rate (30% PFU) to applicable gains.Can I Still Use KoinX If My Country Is Not Listed?
Absolutely. KoinX works for users worldwide: transaction tracking, portfolio tracking, and gain/loss calculations all work the same. Only the country-specific tax rules are not pre-applied. You get all the data; your accountant applies local interpretation.Will KoinX Add Support for My Country?
KoinX regularly adds new country-specific reports based on user demand. To request your country, use the feedback option in KoinX or contact support with your country request. Popular requests get prioritised. If there is significant demand from your country, localised reports may be added.Cost Basis Methods Available
The Default Report supports:| Method | Description |
|---|---|
| FIFO | First coins purchased are first sold (most common) |
| LIFO | Last coins purchased are first sold |
| HIFO | Highest cost coins are sold first |
Tips for Non-Supported Countries
Research your local rules first: find out whether crypto is taxed as capital gains, income, or property, whether there are holding period benefits, and what cost basis methods are accepted. Share the report with a local accountant. The Default Report provides comprehensive data and a local expert applies country-specific rules. Keep documentation by downloading Transaction History for audit trails and saving all reports for record-keeping. Also check KoinX for updates, as new countries are added regularly.Frequently Asked Questions
My country is not listed. Can I still use KoinX?
My country is not listed. Can I still use KoinX?
Yes. KoinX tracks transactions and calculates gains for users worldwide. The Default Report provides standard calculations that your local accountant can interpret for your country’s rules.
Will KoinX add support for my country in the future?
Will KoinX add support for my country in the future?
Possibly. KoinX adds new country-specific reports based on user demand. Contact support or use the feedback option to request your country.
Can I request a country-specific report for my jurisdiction?
Can I request a country-specific report for my jurisdiction?
Yes. Use the feedback option in KoinX or contact support. Popular requests are prioritised for development.
How does my accountant use the Default Report?
How does my accountant use the Default Report?
The report provides capital gains calculations and transaction data. Your accountant reviews this, applies your country’s specific tax rates, exemptions, and rules, then prepares your filing.
Is the Default Report less accurate than country-specific ones?
Is the Default Report less accurate than country-specific ones?