Transaction fees

Tax impact of transaction fees

Updated over a week ago

Hi there πŸ‘‹

By default, Waltio does not consider transaction fees as a taxable transaction. Transaction fees are automatically deducted from your capital gains.

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.

If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! πŸ’¬

The Waltio team

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