We're pleased to announce that we have released BitcoinTaxes 1.5, which builds on the multi-currency work we had added in 1.4 to support new countries.

Canada

Capital gains are calculated using the average costing method. BitcoinTaxes has supported averaging for some time but it has been a premium feature. Now, for Canadian users, we have moved averaging as the default calculation method and so it is included within our free version. However, users can still upgrade to see other methods for comparison as well as to include alt-coins.

Australia

Australia's tax year starts on 1st July and so we have made changes to generally support different tax years. Otherwise the rules are similar to the US and many other countries, in that there is a difference between short-term and long-term capital gains, however, long-term gains in Australia are discounted by 50%.

Germany

Germany's tax year also starts on 1st January and so is similar, except long-term gains are tax free.
New countries can now be added much more easily and we will be adding the UK during April as their current tax year ends.

Upcoming Development

Current development is now focusing on features that have been confirmed from recent IRS guidance. We already had planned a way to include Purchases as well as Mining income, but were waiting for the IRS to clarify the situation, as the choices till them had been ambiguous. We are now moving forward with that phase and hope to have something in April that will significantly reduce the burden of record-keeping for anyone who uses or mines crypto-currencies.