Digital asset tax and accounting platform Taxbit on Nov. 13 announced the launch of its next-generation global tax reporting platform, built for enterprises managing complex tax reporting for digital products.
“Taxbit’s platform helps modern enterprises navigate complex global reporting requirements with a single, automated solution,” the company says in a media release.
The platform ensures precise compliance with rapidly evolving regulations—covering everything from U.S. information reporting to digital asset cost basis, DAC8/CARF, CESOP, and DAC7 in the European Union—without costly system overhauls.
According to Taxbit, platform highlights include:
- Developer-friendly APIs: Seamlessly integrates with enterprise systems, scaling effortlessly to handle the largest global organizations’ needs.
- End-to-end automation: Fully automates ingestion, calculation, and reporting for complex multicountry, multiasset transactions.
- Real-time dashboard: Offers intuitive, self-service insights and analytics, allowing companies to monitor compliance status, identify risks, and stay proactive with deadlines.
“The global financial landscape is evolving rapidly, driven by transformative regulations and institutional adoption of both digital and traditional assets,” Taxbit CEO Lindsey Argalas said in a statement. “In order to stay ahead, enterprises need a robust, scalable infrastructure that can meet the industry’s overarching demand for transparency and traceability. Taxbit delivers this with a powerful platform that combines top-tier tax expertise with cutting-edge technology, making it indispensable for success in today’s complex financial environment.”
More information about Taxbit’s platform for global information reporting can be found here.
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