Bitkub Exchange is responsible for paying the 7% VAT for the trades of digital asset transactions on our platform. However, we do not deduct any income tax (10-15% tax) from each customer as we do not record their profit and loss amounts, including no service on analyzing profit or loss provided.
Our customers can calculate the profit or loss for tax filing by themselves using the transaction history which can be downloaded through the Bitkub website in a PDF format (see the instructions here).
To ensure your tax submission complies with current regulations, please refer directly to the Department of Revenue's announcements regarding applicable tax measures.
In case of other types of income (if any) that our customers earn from us, Bitkub Exchange may be required by law to submit such income information to the Revenue Department. Earning customers can request the Withholding Tax Certificate from Bitkub Exchange with the specification of the date or period that the document needs to cover to support their tax filing.
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