Hi there 👋
Our tool can accommodate donations in cryptocurrencies.
To make them appear, follow this tutorial:
Step 1: Log in to your Waltio account.
Step 2: Go to the My Transactions page.
Step 3: Label the withdrawal transaction from your account to the recipient's account as “Donation”.
💡 We have created this label for both deposits and withdrawals. In case you are a recipient of a donation or if you have made a third party benefit from a donation.
Donation is not a taxable transaction under the digital asset transfer tax regime. Therefore, our tool will deduct the donation amount from your capital gains tax calculation if you are the donor.
Some donations may be subject to the tax regime of gift tax, which we do not take care of. The profession of tax advisor is indeed regulated and reserved to tax lawyers having the exclusivity of the activity, to answer your questions, we can recommend you 2 tax lawyers: Maître Alexandre Lourimi (firstname.lastname@example.org) or Maître Axel Sabban (email@example.com).
👉 You can also consult our second white paper to learn more about the subject of donations.
If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! 💬
The Waltio team