Meet Syla - Australia’s crypto tax software, created by a team of tax professionals exclusively for Australian crypto investors. Get your ATO crypto tax report which is optimised to save you tax.
- Best value - affordable plans supporting up to 100,000 transactions.
- Maximise your tax savings - using Syla’s proprietary LTFO method.
- Private wealth - support for company, trust and SMSF accounts.
CoinSpot users are now able to use Syla as their chosen Tax Report Generator. Follow the step by step guide below to complete your tax report!
For further information on tax implications when trading digital assets, please have a read of the Cryptocurrency & Tax in Australia Blog.
What is in this article?
Reporting via API Keys on Syla
1. Set up an API on CoinSpot to import your data to Syla.
For instructions on how to set up an API Key, please have a read of our How to set up API Key article. Please retain your API Key and Secret Key when an API is generated on your CoinSpot account.
2. Once you have set up an API Key, Sign in or Sign up to Syla.
Figure 1. Tax Report with CoinSpot & Syla - (Syla Login)
3. On the Syla's Dashboard select Add Data Source.
Figure 2. Tax Report with CoinSpot & Syla - (Add Data Source)
4. Search for CoinSpot(1) > Then select CoinSpot(2).
Figure 3. Tax Report with CoinSpot & Syla - (Select CoinSpot)
5. Paste your API Key(1) > Paste your Secret Key(2) > Once Reviewed select Secure Sync(3).
Important: Please provide your Read-Only API keys with Syla.
If you provide Full Access, Syla will reject your API keys and ask you to delete it and try again.
Figure 4. Tax Report with CoinSpot & Syla - (Sync via API)
Further instructions on completion can be found on the Syla Platform.
Reporting via CSV File on Syla
The following CSV files can be imported into Syla
- Buys/Sells
- Sends/Receives
- Payment Schedule (Affiliate Commissions)
To import your CSV files to Syla, you will need to login to CoinSpot.
For instructions on importing your CSV files into Syla, skip here.
Download Buys/Sells & Sends/Receives
1. Login to your CoinSpot account. Select the My Account Menu(1), and then select Order History(2).
Figure 5. Tax Report with CoinSpot & Syla - My Account Menu (Order History)
2. Download your Sends/Receives, Buys/Sells CSV Files to import onto Syla Platform
Instructions to import your CSV file, skip to the following here.
Figure 6. Tax Report with CoinSpot & Syla - (CSV Files)
Download Affiliate Payment Schedule (Optional)
You will only need to download this CSV file if you have earned affiliate commissions.
Refer to the following guide to download your Affiliate Payment Schedule here.
Instructions to import your CSV file, skip to the following here.
Importing your CSV File
1. Once you have obtained your CSV File, Sign in or Sign up to Syla.
Figure 7. Tax Report with CoinSpot & Syla - (Syla Login)
2. On the Syla's Dashboard select Add Data Source.
Figure 8. Tax Report with CoinSpot & Syla - (Add Data Source)
3. Search for CoinSpot(1) > Then select CoinSpot(2).
Figure 9. Tax Report with CoinSpot & Syla - (Select Data Source)
4. Select File import(1) > Then upload your CSV files(2) that you have downloaded.
Figure 10. Tax Report with CoinSpot & Syla - (Importing Files)
Further instructions on completion can be found on the Syla Platform.
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
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