Crypto exchange Binance has launched Binance Tax to help users with their tax reporting.
The tax season is approaching for many countries. However, users need to be prepared for local regulations by companies serving the crypto industry. Binance, the leading exchange in the crypto industry, announced that it has launched Binance Tax, a tax reporting tool that provides convenience to users. Binance Tax will assist in reporting information and accessing tax details for the upcoming tax season.
Binance Tax Emphasizes It Will Continue to Improve
Binance has launched Binance Tax, a service that can assist in taxing cryptocurrencies.
Referring to the services offered by Binance Tax, Binance will offer its users access to the summary of the “annual gains and losses” tax report. The exchange stated that this access will include blockchain fork rewards, cryptocurrency donations and spot transactions.
The company made comments about the continuing problems experienced by users within the scope of taxation. He added that they will continue to work in a solution-oriented manner for problems related to tax liabilities.
Binance’s new service, Binance Tax, is currently being piloted in Canada and France. The company stated that this service will expand to other global markets in the coming period. In addition, the service can only be used for information that is actively stored on the Binance platform. However, Binance underlined that the service will be integrated into other platforms as well.
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