If you trade on MEXC and make a profit, you will need to file a tax return. It may be uncomfortable for traders to have their hard work and profits taken away as taxes, but there is nothing they can do about it. There is a penalty for non-reporting.
MEXC Global A tax return
You must declare your income every year no matter which country you live in. Malicious acts such as declaring less income or concealing sales will be subject to penalties. The tax office investigates deposits and withdrawals in bank accounts, account books of business partners, invoices and receipts, and discovers non-declaration and concealed income. Therefore, it is absolutely dangerous not to report. Please make sure that your declaration is accurate.
additional tax for non-declaration
One of the penalties is non-declaration additional tax. If you voluntarily file a final tax return after the due date has passed and before it is investigated by the tax office, it will be treated as a “file after the due date”, but if you leave it unfiled, you may be charged an “additional tax for not filing”. I have.
Add late tax
Delinquent taxes are taxes that arise when taxes are not paid on time. In other words, there is a risk of paying additional tax by filing after the deadline. If you are late in filing your tax returns or paying your taxes, you may be charged a delinquent tax according to the number of days you are late.
falsification of documents
Penalties will be imposed if you commit fraud, such as making false content. A “double tax” may apply. The tax rate of the heavy additional tax is high, and if you can’t pay it, your house will be seized.
MEXC Global How to download transaction history
MEXC allows you to download transaction history. First, log in to your account. Click “Order History” to the right of Wallet in the upper right corner of the home screen. Then, the order form will be expanded, so select one. Choose between spot trading, margin trading, futures trading and finance orders.
Select the Transaction History tab. Then, you can display the history by specifying the period. Furthermore, the transaction history can be downloaded as a file from the right side of the screen. Currently, trading of crypto assets also incurs fees. As with purchasing, be careful when calculating profit and loss. In fact, you can get a detailed list of past events up to the date and time. You can check by spot, futures, and currency.
You can set the transaction period on the above screen. Naturally, longer periods and more data will take longer to export.
trading currency pairs
You can also filter by trading currency pairs. It is in a pull-down format, and you can narrow down by selecting a currency pair.
You can filter by transaction type. You can view the history of positions that have been buy-only or sell-only.