Accurate crypto tax reports that save you tax

Syla is a crypto tax calculator designed by Australian tax professionals to help you pay the lowest tax.
100% Australian made and owned
Syla is an official tax partner for
Affordable

Only $59 for everyday investors

Crypto tax reporting is still cost-effective even with thousands of transactions.

ATO Crypto Tax Report

Comprehensive tax report containing a summary of all your tax outcomes. Use it to self-lodge your tax return or provide it to your tax agent.

All historical financial years

All your historical financial years and reports are included for no additional cost.

10,000 transactions

Support for 10,000 transactions. If you need more, you can upgrade to 100,000 transactions in the Private Wealth plan.

Try it for free

Sign up for free, no credit card required. Only pay when you’re ready to start downloading your reports.
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As featured in

Simple

Save time getting your crypto tax sorted

1. Sync your exchanges and wallets

Connect directly to your crypto exchanges and wallets to import your transactions, or upload your account statements.
API Sync
OAuth Sync
Wallet Sync
File Import
View all 500+ integrations

2. Review your transactions

View your transactions across all platforms and easily make edits and classifications as needed.
Up to 100,000 transactions
Advanced features

3. Download your crypto tax report

Your Crypto Tax Report PDF contains everything you or your tax agent needs for lodging your tax return with the ATO.
Download sample report
Designed for ATO requirements
Add Data Source
Reviews

Why Australians love Syla

Thousands of Australians use Syla to accurately record, calculate and save on their crypto tax.
Accurate

Accurate tax reporting for your peace of mind

Syla is designed by experienced Australian tax professionals to ensure strict adherence to Australian tax law and ATO guidance on crypto investments.

Support for all Australian entities

Individual
Company
Trust
SMSF

Activity types

Investment
Capital Gains
Trading
Trading Stock Rules

Reviewed by a registered tax agent

Syla’s crypto tax calculator has been designed and reviewed by experienced Australian tax professionals and a registered tax agent.

Precise tax treatment

Capital Gains
Division 100, 108, 110 (ITAA 1997)
Ordinary Income
Division 100, 108, 110 (ITAA 1997)
CGT Discount
Division 115 (ITAA1997)
Derivatives
Division 6.5, 15, 25 (ITAA 1997)
Foreign Currency Gains
Division 775 (ITAA 1997)
Trading Stock
Division 70 (ITAA 1997)
Non-Assessable Income
Division 6.23 (ITAA 1997)
Income Tax Assessment Act 1997 (ITAA 1997)

Supported by the Australian government

Syla is the only crypto tax calculator supported by the Australian government.
Save Tax

Upgrade and pay less tax

Exclusive tax optimisation tailored specifically to Australia, ensuring you never pay more tax then you are legally required.

Lowest Tax First Out (LTFO)

Exclusive tax-optimised parcel selection method developed by our Australian tax team, guaranteeing the lowest tax outcomes.

Lowest Stock Value (LSV)

Active traders and businesses can also achieve better tax outcomes on their crypto trading stock.

See how much you’ll save before you upgrade

See your tax savings before you buy, and only upgrade if it’s going to make a real impact on your portfolio.
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Support

Australian support

Aussie-based support team.

Live-Chat

During business hours 9am to 6pm (Brisbane)

Assisted File Imports

Provide us with any eligible exchange CSV file and our team will add support for you.

Email

Contact our support team on hello@syla.com.au

Frequently asked questions

How is crypto taxed in Australia?

Crypto is a CGT asset in Australia, which for investors is subject to Capital Gains and Losses. Whenever you sell crypto for more than you purchased it, it will result in a Capital Gain, which needs to be declared to the ATO on your tax return.

How much tax do I have to pay on crypto?

Capital gains, interest, and other forms of income must be declared as assessable income in your tax return. The exact tax rate will depend on your total income for the year and the tax bracket you fall into.

Do I still have to pay tax if I only have losses on my crypto?

It's required to declare your capital losses, and you'll want to do so anyway, as losses can be declared on your tax return to significantly reduce your future tax bill by offsetting your gains.

Properly declaring your capital losses ensures compliance with tax regulations and creates a clear record if you are ever audited or need to provide detailed documentation of your transactions.

Do I still pay tax if I haven’t cashed out to AUD?

Even if your crypto is still on your exchange or wallet, you need to declare your gains from any sales, swaps, or other disposals. You'll also need to declare any interest, airdrops, staking, and other sources of income from your crypto.

How does the ATO even know about my crypto?

The ATO operates an extensive data matching program with all Australian AUSTRAC-registered exchanges. Under this program, Australian exchanges share information on your crypto investments with the ATO and know when you buy, sell, and even transfer your crypto to an external wallet.

How are airdrops, staking and mining taxed?

Airdrops, staking, and mining are all forms of assessable income in Australia and need to be declared to the ATO. You'll need to determine the equivalent AUD market value at the time of the event and declare it as income on your tax return.

In some situations, an airdrop may be considered an 'Initial Allocation Airdrop', which is not immediately taxable but will be taxed on its full value when later sold or disposed of.

How can Syla help?

Syla is an Australian crypto tax calculator that helps you generate a crypto tax report and optimise your tax outcomes.

Syla supports over 500 exchanges, blockchains and wallets, and is an approved tax partner for CoinSpot, BTC Markets, Binance, CoinJar, Coinstash, Digital Surge, and many others.

Using Syla, you can connect to your exchanges and wallets to import your transactions, edit as needed, and download a crypto tax report for your accountant or for self-lodgment.

Do I have to pay extra to do my past tax years?

No, once you set up a subscription in Syla, you'll have access to all your historical financial years as well as the current financial year. There's no additional cost.

How does the subscription work?

All plans in Syla are annual subscriptions. When you make a purchase, you are paying for a 12-month subscription to the selected plan, which will automatically renew in 12 months.

While you have an active subscription, you can continue to use Syla to sync and import transactions, review your portfolio, and download as many reports as you need.

You can upgrade your plan at any time, and you'll only need to pay the difference in price to the next plan.

You can downgrade or cancel your subscription at any time. Canceling your subscription will stop the auto-renewal, but you'll still have access to the plan you purchased for the remaining time.

Detailed features and inclusions for the plans are available on the pricing page.

Do you support NFTs and DeFi?

Yes, Syla supports NFTs and DeFi, including detection of on-chain swaps, liquidity pools, and other transactions. In general, all major contracts and protocols for each chain are supported.

For niche protocols, the transactions will be imported but may require manual reclassification.

What if I have more than 100k transactions?

Syla automatically does transaction consolidation and aggregation which can significantly reduce the number of transactions which are actually imported.

We recommend doing an import first to see how many transactions you actually end up with, as it may be significantly fewer than you expect.

If you do end up with more than 100k transactions, then you'll need to aggregate your transactions before importing them into Syla to stay under the limit.

Our team is also developing improvements to increase the maximum number of transactions.

Is Syla safe to use?

Yes, we design Syla with security in mind, and follow industry standard best practices to keep your data safe.

For our exchange and wallet integrations, Syla only requires read-only access to view your transaction history.

Syla will never ask you for keys with permissions other than 'read-only'. Where detected, Syla will automatically reject API keys which give elevated permissions, delete them from our system, and recommend you to do the same.

Will Syla lodge my tax return?

Using Syla, you can download a crypto tax report that contains your tax outcomes; it does not lodge your tax return.

You can provide your crypto tax report to your tax agent, who can prepare your tax return for you, or you can use it when self-lodging your tax return with the ATO using myTax.

How does the free plan work?

When you first sign up for Syla, you'll be automatically placed on the free plan. You don't even need to provide a credit card, making it an easy way to try things out.

The free plan has no time limit, and you'll have access to import transactions from your exchanges, wallets, and blockchains, as well as make any edits you need to. You'll even be able to view the tax outcomes on individual transactions.

You'll need to purchase a subscription to access your final tax outcomes and download your crypto tax reports.

Sort out your crypto tax today

Get started for free
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