Polygon taxes: How to do your tax declaration in 2025
With Blockpit, you can quickly and easily calculate your Polygon taxes and correctly include them in your tax return!
Blockpit is a trusted cryptocurrency tax calculator used by hundreds of thousands of crypto investors worldwide to accurately track and optimize Polygon transactions, and calculate gains, losses and income for tax purposes.
Simply sign up for free, import your transaction data and generate your fully compliant crypto tax report for Polygon and more than 500,000 other crypto assets, exchanges and wallets in minutes!
Yes, generally, if you trade cryptocurrencies on Polygon, you may have tax obligations. These vary depending on the country and its specific crypto tax regulations. Some jurisdictions may offer tax exemptions based on profit amounts or holding duration.
No, as of 2025, Polygon does not automatically deduct taxes for you.
Crypto exchanges only track your transactions on their own platform, not your transfers to other wallets or exchanges. This means crucial information for accurate tax calculations is missing β something only crypto tax tools like Blockpit can provide.
Warning: The tax office knows about your Polygon gains!
Tax authorities are increasingly tracking Polygon transactions through blockchain analysis and data requests from exchanges. We expect them to ramp up enforcement, sending notices and demanding back taxes from crypto users.
Starting in 2026, DAC8, an EU directive on tax transparency, will require crypto exchanges to automatically report your transactions to tax authorities. Failing to declare your crypto gains can lead to hefty back taxes and penalties.
Warning: The tax office knows about your Polygon gains!
Polygon transactions are publicly visible on the blockchain, and wallets and DeFi applications leave a clear trail. Tax authorities already use blockchain analysis to track transactions and can obtain additional data through mass inquiries. We expect them to increase enforcement, sending notices and demanding back taxes.
Failing to report your crypto gains on time can result in hefty tax bills and penalties.
Import Polygon transactions into Blockpit
Blockpit offers advanced integrations to process Polygon transaction data. Our guide explains how to add the Polygon integration for portfolio tracking and tax calculation.
Step 1: Log in to your Blockpit account
Log into your Blockpit account here: Login. If you donβt have an account yet, please sign up first: Create Blockpit Account.
Step 2: Select "+ Integration"
After logging in, click on β+ Integration" in the top navigation.
Step 3: Select "Polygon"
Select Polygon from the integration creation dialog
The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our Polygon integration in the meantime!
Import Polygon transactions into Blockpit
Blockpit offers advanced integrations to process Polygon transaction data. Our guide explains how to add the Polygon integration for portfolio tracking and tax calculation.
Step 1: Log in to your Blockpit account
Log into your Blockpit account here: Login. If you donβt have an account yet, please sign up first: Create Blockpit Account.
Step 2: Select "+ Integration"
After logging in, click on β+ Integration" in the top navigation.
Step 3: Select the corresponding blockchain
In the appearing integration creation dialog, select the corresponding blockchain from the list.
The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our Polygon integration in the meantime!
Which Polygon transactions are automatically imported into Blockpit?
Blockpit auto-labels Polygon transaction data based on country-specific gain, loss, and income tax categories, then processes them in alignment with your national tax regulations. As a result, Blockpit can distinguish automatically among these asset classes and Polygon transactions:
Blockpit seamlessly merges and organizes your Polygon transaction data. Once all data is imported, the following features ensure clarity and assist in verifying data accuracy:
Identifying unmerged transfers
Flagging unlabeled transactions
Highlighting mismatched balances
Pinpointing potential issues
Filtering of assets and transactions
Access to help center guides
For an in-depth overview of Blockpit's review capabilities, refer to: Troubleshooting
What does the Polygon tax report look like?
Blockpit's popular Crypto Tax Calculator creates the most comprehensive Polygon tax report with pre-filled tax forms for your local tax authority in PDF format. Our tax reports also contain clear explanations in terms of legal interpretation for submission to tax authorities. So far, every tax report has been accepted by the tax office without a complaint.
The report provides information about all your balances, realized profits and losses and can be used as proof of origin with banks or tax advisors. It contains all relevant transactions of your account, always refers to the selected tax year and shows details such as time stamp, amount, asset, costs and fees of the individual transactions.
