Crypto Asset Tax Calculation Solution

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Crypto Asset Tax Calculation Solution

The Finnish Tax Administration seeks to procure a production-ready software solution for the processing, analysis and tax calculation of crypto-asset transaction data.

The purpose of the procurement is to support tax assessment, tax control, tax audits and analytical activities related to crypto-assets. The solution will be used to analyse cryptocurrency transaction histories, determine the tax consequences of crypto-asset transactions and produce information that can be further utilised within the Finnish Tax Administration’s internal processes and systems.

The procurement concerns a software solution capable of importing, processing, analysing and exporting cryptocurrency transaction data originating from multiple sources. Such data may be obtained from taxpayers, cryptocurrency exchanges and trading platforms, cryptocurrency wallet applications, blockchain addresses and other sources of cryptocurrency transaction information.

The solution is intended to support the Finnish Tax Administration in the examination of cryptocurrency transaction histories, identification and classification of transactions, reconstruction of transaction chains, identification of transfers between wallets and service providers, calculation of capital gains and capital losses, and application of cryptocurrency tax rules. In addition, the solution shall support the export of transaction and calculation data for further processing within the Finnish Tax Administration.

The solution may be used both as a standalone tool for cryptocurrency transaction analysis and tax calculations and as a source of transaction and calculation data for use within the Finnish Tax Administration’s internal systems.

The primary objectives of the procurement are to improve the efficiency of processing cryptocurrency transaction histories, increase the transparency and traceability of tax calculations, enable independent verification of calculation results, ensure the availability of transaction and calculation data in reusable formats and reduce the amount of manual work required in the analysis and taxation of cryptocurrency transactions.

The procurement includes software licences, access to the production environment, user documentation, training materials, technical support services and the related rights and deliverables specified in the procurement documents.

Detailed functional, technical, operational and licensing requirements are set out in the appendices to the Call for tenders.

Menettelyn tärkeimmät piirteet

The Act on Public Procurement and Concession Contracts (1397/2016; ‘Procurement Act’) is applied to this procurement.

The procurement documents are available in English only.

The procuring entity has the right to partly or entirely suspend the procurement procedure for a real and legitimate reason (Procurement Act, 125 §).

The procuring entity has the right to not award the contract to any of the tenderers for a legitimate reason. If the procurement is appealed to the Market Court, the procuring entity may arrange the procurement on an interim basis if the nature of the procurement prevents its postponement for the duration of the Market Court proceedings (Procurement Act, 153 §).

The procuring entity will not reimburse drafting a tender and participating to the procurement procedure to the tenderers.

STAGES OF THE PROCUREMENT PROCEDURE:
1. Publishing the call for tenders
2. Replying to requests for more information
3. Receiving tenders
4. Opening the tenders after the deadline is passed
5. Verifying the suitability of tenderers [and issuing any exclusion decisions]
6. Verifying compliance of the tenders with the call for tenders [and issuing any rejection decisions]
7. Scoring and comparing tenders
8. Requesting and verifying any certificates and documents on the suitability of the tender winner
9. Drafting the procurement decision and informing
10. Period for requesting administrative and judicial review, standstill period
11. [Any administrative or judicial review process related to the procurement and other measures such as the interim
arrangement of the procurement]
12. Finalising and signing the procurement contract
13. Entry into force of the contract
14. Activating the extension option, if one exists

The described process is an initial plan of the procuring entity on the stages of the procurement process and it is not binding on the entity.

If only tenders that are not compliant with the call for tenders are received or if the tenders cannot be accepted, the procuring entity may directly initiate a negotiated procedure without publishing a new public procurement notice.

In this case, all the tenderers that meet the set minimum requirements and whose tender in the previous procedure met the formal requirements for the tender will be invited to participate in the negotiated procedure.

The Finnish Tax Administration reserves the right laid down in 35 §, subsection 2 of the Procurement Act to compare preliminary tenders and select the contract supplier based on them without negotiation.