Digital Surge Taxes: How to Generate Your Crypto Tax Report
Every trade and disposal through your Digital Surge account creates a taxable event. CoinTracking imports your Digital Surge transaction history via CSV export, calculates gains and losses across your full trading history, and generates a tax report ready for your accountant or tax authority — including ATO-compliant reports for Australian users.
How to Import Your Digital Surge Transactions into CoinTracking
Watch how to download your Digital Surge transaction CSV and import it into CoinTracking to generate your complete crypto tax report — including an ATO-compliant report for Australian traders.
Start Your Free Digital Surge Import- Every crypto trade, swap, and disposal through your Digital Surge account is a taxable event in most jurisdictions. In Australia, the ATO taxes crypto gains at your marginal income tax rate, with a 50% CGT discount available for assets held longer than 12 months.
- CoinTracking imports Digital Surge transactions via CSV export (manual upload). Export your transaction history from Digital Surge Account Settings and upload it directly to CoinTracking.
- Transferring crypto between your own wallets or accounts is not a taxable event. Buying and holding crypto is not taxable until disposal.
- Tax compliance is your responsibility. Digital Surge is an Australian exchange registered with AUSTRAC. While it may share data with Australian authorities as required by law, it does not file your tax return. All trades and disposals on your Digital Surge account must be declared by you. Failing to report crypto gains can result in ATO penalties and back-tax assessments.
Digital Surge and Your Tax Obligations
Digital Surge is an Australian cryptocurrency exchange operating at digitalsurge.com.au. It offers spot trading in a wide range of digital assets and is designed for Australian retail investors looking for a locally registered, AUSTRAC-compliant platform.
All transactions executed through your Digital Surge account generate taxable events under ATO guidelines. Whether you trade spot markets, receive staking rewards, or transfer assets, each event must be reported in your annual tax return.
CoinTracking supports Digital Surge via CSV import:
- Digital Surge CSV: export your full transaction history from Account Settings → Transactions History and upload it directly to CoinTracking
- All spot trades, deposits, and withdrawals are supported
- Multiple CSV uploads covering different date ranges can be combined in CoinTracking
- ATO-accepted cost-basis methods (FIFO and specific identification) are available
Crypto Tax Basics: What Digital Surge Users Need to Know
Digital Surge serves traders primarily in Australia and beyond. The core tax principles below apply broadly — but always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a taxable event
In most countries, selling, swapping, or otherwise disposing of cryptocurrency triggers capital gains tax. The gain or loss equals the difference between your proceeds and your cost basis (what you originally paid, including fees). Under ATO rules, if you held the asset for more than 12 months you may be entitled to a 50% CGT discount on the gain.
Australian tax rules for Digital Surge traders
The ATO treats cryptocurrency as a capital gains tax asset, not currency. Gains are added to your assessable income in the year of disposal and taxed at your marginal rate (up to 45%). Australian traders must report each disposal — including crypto-to-crypto swaps — in the Capital Gains section (Schedule 3) of their Individual Tax Return. Keeping detailed records of every transaction, including dates, values in AUD, and fees, is an ATO requirement.
Record-keeping requirements
Accurate record-keeping is essential for every trade event. Each transaction must be documented with the date, asset, quantity, cost basis, proceeds, and applicable fees. Digital Surge provides a CSV export for this purpose — but the raw data must be converted into a structured tax report. CoinTracking maintains a complete, dated audit trail of every Digital Surge transaction you import and produces reports formatted for your jurisdiction.
Digital Surge Taxes by Country
Digital Surge is primarily an Australian exchange, but traders worldwide use it. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively.
Australia
- Capital Gains Tax: 50% CGT discount applies to assets held longer than 12 months for individuals; full gain taxed if held under 12 months
- Tax rate: Gains added to income and taxed at marginal rate (up to 45%)
- Business trading: If classified as a business, crypto gains are assessable income (no CGT discount)
- Cost basis: ATO permits FIFO or specific identification
- Authority: Australian Tax Office (ATO)
- Forms: Individual Tax Return — Capital gains (Schedule 3)
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €1,000/year are tax-free
- Cost basis: FIFO per wallet
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
Switzerland
- Capital gains: Generally tax-free for private investors; professional traders are taxed as self-employed income
- Wealth tax: Crypto holdings subject to wealth tax at cantonal rates based on year-end market value
- Authority: Cantonal tax authority (varies by canton)
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prélèvement forfaitaire unique (PFU) — 12.8% income tax + 17.2% social charges.
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year.
- Authority: Direction générale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Digital Surge Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it triggers capital gains tax. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (AUD, EUR, USD, etc.)
- Swapping or trading crypto for crypto
- Using crypto to pay for goods or services
- Staking rewards and income received
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own accounts
- Depositing fiat to Digital Surge
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Digital Surge Taxes
Digital Surge traders can accumulate hundreds of taxable events across multiple years of active trading. Calculating cost basis, holding periods, and gains for each event manually — while applying the ATO\'s 50% CGT discount where applicable — is time-consuming and error-prone.
CoinTracking imports your complete Digital Surge trade history via CSV, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and separates trading income from capital gains in your final report.
The result is a jurisdiction-specific tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every transaction.
How to Import Digital Surge into CoinTracking
Three steps to import your Digital Surge transactions and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets and blockchains.
- 2
Search for Digital Surge in the import list
Type "Digital Surge" in the search field. CoinTracking will show the Digital Surge import option — select it to proceed with your CSV upload.
- 3
Upload your Digital Surge CSV export
Export your transaction history from Digital Surge Account Settings → Transactions History (click Export History, choose Transaction History, set your date range and select CSV format), then upload the file directly to CoinTracking. All trades, deposits, and withdrawals will be imported automatically.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Digital Surge
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Import your Digital Surge transactions
Export your full transaction history CSV from Digital Surge Account Settings and upload it to CoinTracking. All spot trades, deposits, and withdrawals are imported automatically.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate — especially important for multi-year trading histories.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Digital Surge does not generate a ready-to-file tax report. It provides a transaction history via CSV export, which you can import into CoinTracking. CoinTracking then calculates gains, losses, and income across all your Digital Surge trades and generates a compliant tax report for your jurisdiction — including ATO-compliant reports for Australian users.
Log in to your Digital Surge account, navigate to Account Settings → Transactions History, click Export History in the top right corner, choose Transaction History from the dropdown, set your date range and select CSV as the file format, then download the file. Upload the resulting CSV to CoinTracking to import your full transaction history including trades, deposits, and withdrawals.
Yes. The Australian Tax Office (ATO) treats cryptocurrency as property. Every sale, swap, or disposal of crypto through your Digital Surge account is a taxable event. If you held an asset for more than 12 months, a 50% CGT discount may apply. Gains are added to your taxable income and taxed at your marginal rate. CoinTracking calculates your Digital Surge gains using the ATO's accepted cost-basis methods and generates a report formatted for your Australian tax return.
The ATO permits FIFO (First In, First Out) or specific identification for cryptocurrency cost basis. Most Australian traders use FIFO as the default. CoinTracking supports FIFO, LIFO, HIFO, and other methods — you can switch between them and instantly recalculate your Digital Surge tax report to find the most tax-efficient outcome allowed under ATO rules.
Digital Surge is an AUSTRAC-registered Australian exchange and may share data with Australian tax and regulatory authorities as required by law, including the ATO. However, Digital Surge does not file your tax return on your behalf. You remain personally responsible for declaring all capital gains, losses, and income from your Digital Surge trading activity in your annual Individual Tax Return.
Yes. CoinTracking imports your full Digital Surge CSV — including spot trades, deposits, and withdrawals — and calculates your cost basis and gains across all transaction types. Multiple CSV uploads covering different date ranges are supported so you can import your complete history even if it spans several years. The final tax report separates capital gains (with applicable discounts) from income for each jurisdiction.
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