Cryptotax

Based in Munich, Germany, CryptoTax provides automated tax reporting solutions for digital assets. The company was established in 2017 by Klaus Himmer, Vladimir Tosovic, and Magnus Berchtold. CEO Klaus Himmer is a certified tax advisor with a Ph.D. in taxation and previous experience at KPMG. His background in the tax implications of financial instruments and venture capital informed the company's direction. CryptoTax was developed to address the complex legal and tax obligations faced by investors in cryptocurrencies.

The firm operates with a dual business model, catering to both individual investors (B2C) and business clients (B2B). For individuals, CryptoTax offers a web-based platform that automates the generation of tax reports for Bitcoin, Ether, and other crypto assets by integrating with major exchanges and wallets. For its business clients, which primarily consist of cryptocurrency exchanges, CryptoTax provides an outsourcing service that enables them to offer country-specific tax reports directly to their customers. The methodology used for these reports is validated by a Big Four accounting firm.

In September 2020, CryptoTax was acquired by the Austrian company Blockpit AG, a fellow developer of tax and compliance solutions for digital assets. Following the acquisition, Klaus Himmer took on the role of Co-CEO at Blockpit. The acquisition aimed to combine the strengths of both companies to enhance their offerings in the growing market for crypto tax solutions.

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