In short, yes. Each client must act on their own when paying taxes for potential revenue generated.
Feel free to contact us for any documentation or summary you may need, otherwise, clients are required to act without us as a brokerage to pay any governmental fees or taxes.
Please note that we may be required to provide tax information to your local tax authority, in line with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).
How do I calculate and pay taxes on profits from trading?
It's important to remember that you're responsible for calculating and settling any taxes on your trading profits. Depending on the tax laws in your country, you might need to include your financial trading earnings in your tax return.
How can I calculate the taxable income for my tax return?
You can use the information within your account for calculating taxable income for your tax return.
- Log in to the CAPEX.com WebTrader.
- Select the toggle in the top right corner.
- Click ‘My Portal’.
- Here, you can select ‘Account Statement’ for a given period of time.
The Account Statement can assist you in figuring out the profits that might be subject to taxes according to local regulations. As always, we're here to offer any support or guidance you might need in this process – don't hesitate to reach out!
For more information, please see the CAPEX.com Terms and Conditions.
We hope this is helpful. If you still have questions feel free to contact Customer Service via Live Chat, Email, or Phone. Contact us.
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