The Ukrainian tech startup OSA.tax, specializing in tax consulting, has developed a product designed to help stock market investors quickly generate the necessary documents for submitting property and income tax declarations.
"From January 1 to May 1, 2025, Ukraine will run a campaign for citizens to declare their income. During this time, investors are required to declare profits from securities, real estate, cryptocurrency, and other investment assets for the year 2024. Typically, the declaration process is quite labor-intensive," the startup notes.
To simplify the annual tax declaration process for investors and minimize the risk of errors in document filling, OSA.tax has created a specialized online platform. According to the developers, the service will also help in "promoting a conscious and responsible attitude toward paying taxes."
"With the launch of this platform, our goal is primarily to contribute to fostering a culture of declaration in Ukraine, both among investors and other taxpayers. We believe that transparency and responsibility in taxation will increase if we offer people understandable, accessible, and easy-to-use tools," said investor and co-founder Serhiy Tverdokhlib.
The service has a free version, where users can create a personal account and upload broker statements from the most popular foreign brokers in Ukraine. Each investor can receive a preliminary calculation of their investment profit and the amount of taxes due to ensure the correctness of their own calculations. The free version also includes a "Knowledge Base" section with answers to the most common questions about investment income taxation.
In the paid version, users can access a service for automatically generating and filling out property and income tax declarations, specifically for investment profit data. The generation of all necessary files for the tax service is completed in just a few seconds, according to the startup. The paid version also allows users to contact tax consultants for support.
OSA.tax plans to gradually expand the service's functionality, including adding API access to broker accounts, which will allow for automatic data uploads about investments from different broker platforms. The developers also plan to add the ability to log in via Diia and submit declarations without accessing the taxpayer's personal account.
The startup expects that their platform will gradually integrate new brokers and expand into European markets.
