Tax applications and advisory

Tax applications and advisory

Application for calculating inputs for tax returns, including related tax consulting.

You must file a tax return as an active trader or investor in your country of residence. Therefore, we have prepared a tax application, including the related advisory, to have all the necessary documents for taxing profits from investments.

We will discuss the Czech Republic’s tax laws, the country where the service provider of Analytical Platform resides. Our tax application can generate reports for any person not running a business and any entrepreneur whose main activity is not trading. According to the current laws, you should file a tax return if you have sold any type or a mix of securities like stocks and bonds during a given calendar year in a total value surpassing CZK 100,000, regardless of whether you were profitable or made a loss.

However, you do not have to file a tax return if you have held onto your assets for more than three years before selling them.

Tax application

How to use the tax application

04 Steps

1
01.
After the end of the calendar year, go into the “Reports” section in your IBKR account and download the Activity, MTM Summary and Realized Summary reports.
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2
02.
These documents can be uploaded to our tax application or sent to your tax advisor.
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3
03.
When the uploading process finishes, our application will generate a report containing all the essential information to file the tax return.
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4
04.
The only necessary thing is to fill in the total Revenues and Expenses into the corresponding columns of Appendix No. 2 of the tax return and then upload the generated report into the Other attachments according to § 10 of the Income Tax Law.
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Tax advisory

For our Premium Plan clients, the services of an external tax advisor are included.
Therefore, you only need to download all three mentioned reports from the “Reports” section
in your IBKR account and send them to the tax advisor.

The tax advisor will afterward fill the whole Appendix No. 2 of the tax return according to the trades executed as suggested by our tools.

about-min

If you are trading other financial instruments or using different platforms to trade, you should file a tax return for each. Unfortunately, the tax advisory service in the Premium plan does not include assistance with your other accounts or merging the information into one summary document. However, we can provide these services as a separate service.

Please be aware that we only provide the software. We always recommend asking a specialized tax advisor for help.