The transaction labels "Withholding Tax" & "Withholding Tax Refund"are specifically intended for Austrian (AT) users with a Bitpanda integration.
All related transactions will be imported automatically via the API into your Bitpanda Integration, meaning no manual adjustments of already imported transactions are required.
The main use case of these labels is to represent the withholding tax as well as withholding tax refunds that are transacted by Bitpanda. You will find the total withholding tax for the specific tax year in your Blockpit tax report.
Please do not use this label for other purposes!
🎓 More details on the tax implications and categorization of all transaction labels can be found in the tax results under the menu item “Reports” and in the last pages of your tax report.