Forex/CFD Tax Calculator
We’re introducing the beta version of our Forex/CFD tax calculator. It allows you to calculate your income tax for your PIT-38 form. More information on the tax treatment of Forex/CFD investments can be found here .
The program supports statements in HTML format from MetaTrader 4, MetaTrader 5 and cTrader platforms.
Note: This program is in beta, meaning it’s still being tested for accuracy. If you notice any errors or have trouble using it, please contact us at [email protected]
Below is the calculation scheme used by the program:
- 1. We convert transactions from a given day (without any rounding) at the exchange rate from the previous day;
- 2. We sum up all transactions for a given day;
- 3. We round to two decimal places according to the rules of mathematics;
- 4. Finally, we add up all the days in a given year, which gives us the final profit/loss; we also take into account transaction costs (broker commissions), SWAPs, etc.
