News
Now you are reading
Settle your Forex Tax in 2019 - Information base
1

Settle your Forex Tax in 2019 - Information base

created Paweł MosionekJanuary 3 2019

Traders are divided into two camps. For those who pay taxes in January and ... those who wait until the last week of April :-). Due to numerous inquiries you have recently sent to us, we decided to systematize some important information when it comes to our application Tax programas well as basic regarding settlements with tax authorities.

On February 7, 2021, a new version of the application was released - Forex Club - Tax 7.0 for the 2020 tax year - details available here.

What is the Tax Program

forex taxThe Tax Program is an original project of the Forex Club website. His task is to calculate tax liabilities from transactions Forex /CFD included on popular platforms such as MetaTrader 4, MetaTrader 5, JForex and cTrader.

Calculation is required when we use a foreign broker and we keep an account in a currency other than Polish zloty. This is the answer to the problem of the necessity for traders to convert each transaction at the NBP rate on a given day. The procedure is particularly troublesome for those who conclude many transactions during the year, numbering up to hundreds or even thousands. It seems almost impossible to make such calculations manually. With our program, it takes maximum few minutes (including installation 🙂).

Version for the 2018 tax year

The application with the 5.0 designation has been prepared especially for the 2017 tax year. However, at the moment, we have not recorded any changes from brokers and generated by the report platform, which means that the 5.0 version works correctly also for the 2018 tax year.

On January 2, 2019, we equipped the package with the program with NBP rates from 2018 - you just need to download the entire set again. People who have previously used our application log in the same data.

Frequently asked questions - Forex Tax

How does the Tax Program work?

The program, based on the history of your transactions and NBP rates, automatically recalculates each transaction at the appropriate price. As a result, you get all the necessary data to settle the tax: income, cost of earning, tax value.

How can I get access to the program?

The demo version is available to everyone - it allows you to check the program and calculate up to 5 transactions. The full version does not have any limitations - quantity and time. Is available free of charge for all Forex Club clients. Membership in the Forex Club group is also free.

Who is the Forex Club client?

It is a person who has an open real account with one of our partner brokers through the ForexClub.pl website.

What if I already have an account with a broker, but not founded by Forex Club?

In some cases it is possible to assign an account to our group. Contact us giving the name of your broker for details.

Can you buy access to the program?

Unfortunately, we do not foresee such a possibility.

Does the program work with all brokers?

Yes, the Tax Program supports reports of all brokers who offer platforms: MT4, MT5, JForex and cTrader.

Where can I download the program?

We have created a dedicated website where you can familiarize yourself with the functionality and appearance of the program. To download the application, please fill out the form at the bottom of the page. A dedicated link will be sent to the e-mail.

PODATEK.FOREXCLUB.PL

Activation of full access

Access to the full version is activated manually after an email notification. It is required to set up an account on our account FORUM, then sending the application with the forum login, broker name and account number to the following address: podatek@forexclub.pl.

Full access will be enabled within 24 hours of notification. If during this time you still do not receive a reply - try again (it happens that emails end up in SPAM).

In case of any problems or doubts, please send an e-mail to: podatek@forexclub.pl

How to settle Forex Tax

Detailed explanations regarding the legal basis, methods of settlement as well as the most important information are described in a series of separate articles:

What do you think?
I like it
82%
Interesting
18%
Heh ...
0%
Shock!
0%
I do not like
0%
Detriment
0%
About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.