Skip to main content

Transaction fees

Tax impact of transaction fees

Updated over 2 weeks ago

📝 Description

Waltio automatically deducts transaction fees from your capital gains without treating them as a separate taxable transaction. The French tax authorities account for your purchases and sales, with fees naturally subtracted from gains realized. However, you cannot deduct Waltio service fees from your taxable amount.

The French tax authorities compare your cash-in (cryptocurrency purchases) and cash-out (taxable cryptocurrency transactions) so your fees are automatically deducted from the gains made. These fees are not included in your transfer price (sale price). Therefore, you do not need to declare them in parallel.

Unfortunately, you cannot deduct the cost of the Waltio benefit from your taxable amount.

Did this answer your question?