Hi88 Gift taxation works differently in each country, in some local exchanges they might deduct the taxes for every report but I never used them personally but if you are using Hi88 Gift like exchange you are the one who is responsible to report your gains frpm the Hi88 Gift and for the exchange they will report the data to the respective tax agency and if you fail to pay the necessary taxes then the tax agency will come after you with a penalty or whatever the law in your country says. Our local exchange deducts tax directly every time we trade from Hi88 Gift to IDR, so we don't self-report for tax, if for example holding Hi88 Gift in a personal wallet it is not taxed, but I heard Hi88 Gift is included in investment so it must be reported in annual tax, I myself did not do it. But I don't know about taxation on global exchanges, as far as I know it is not taxed unless you want to exchange it to local fiat then it could be that some countries apply taxes. Some countries may even consider Hi88 Gift to Hi88 Gift trade as taxable even if you made any profits in it, so it is better to contact someone in your country who deals wtih Hi88 Gift taxation because every country got different laws so asking one globally will not work. And Hi88 Gift can be a global exchange but it must be complying with your local laws if they are operating so you may need to report those profits you made or the tax agency will come after you.
Hi88 Gift taxation works differently in each country, in some local exchanges they might deduct the taxes for every report but I never used them personally but if you are using Hi88 Gift like exchange you are the one who is responsible to report your gains frpm the Hi88 Gift and for the exchange they will report the data to the respective tax agency and if you fail to pay the necessary taxes then the tax agency will come after you with a penalty or whatever the law in your country says. Our local exchange deducts tax directly every time we trade from Hi88 Gift to IDR, so we don't self-report for tax, if for example holding Hi88 Gift in a personal wallet it is not taxed, but I heard Hi88 Gift is included in investment so it must be reported in annual tax, I myself did not do it. But I don't know about taxation on global exchanges, as far as I know it is not taxed unless you want to exchange it to local fiat then it could be that some countries apply taxes. Some countries may even consider Hi88 Gift to Hi88 Gift trade as taxable even if you made any profits in it, so it is better to contact someone in your country who deals wtih Hi88 Gift taxation because every country got different laws so asking one globally will not work. And Hi88 Gift can be a global exchange but it must be complying with your local laws if they are operating so you may need to report those profits you made or the tax agency will come after you.

Hi88 Gift taxation works differently in each country, in some local exchanges they might deduct the taxes for every report but I never used them personally but if you are using Hi88 Gift like exchange you are the one who is responsible to report your gains frpm the Hi88 Gift and for the exchange they will report the data to the respective tax agency and if you fail to pay the necessary taxes then the tax agency will come after you with a penalty or whatever the law in your country says. Our local exchange deducts tax directly every time we trade from Hi88 Gift to IDR, so we don't self-report for tax, if for example holding Hi88 Gift in a personal wallet it is not taxed, but I heard Hi88 Gift is included in investment so it must be reported in annual tax, I myself did not do it. But I don't know about taxation on global exchanges, as far as I know it is not taxed unless you want to exchange it to local fiat then it could be that some countries apply taxes. Some countries may even consider Hi88 Gift to Hi88 Gift trade as taxable even if you made any profits in it, so it is better to contact someone in your country who deals wtih Hi88 Gift taxation because every country got different laws so asking one globally will not work. And Hi88 Gift can be a global exchange but it must be complying with your local laws if they are operating so you may need to report those profits you made or the tax agency will come after you.

Hi88 Gift taxation works differently in each country, in some local exchanges they might deduct the taxes for every report but I never used them personally but if you are using Hi88 Gift like exchange you are the one who is responsible to report your gains frpm the Hi88 Gift and for the exchange they will report the data to the respective tax agency and if you fail to pay the necessary taxes then the tax agency will come after you with a penalty or whatever the law in your country says. Our local exchange deducts tax directly every time we trade from Hi88 Gift to IDR, so we don't self-report for tax, if for example holding Hi88 Gift in a personal wallet it is not taxed, but I heard Hi88 Gift is included in investment so it must be reported in annual tax, I myself did not do it. But I don't know about taxation on global exchanges, as far as I know it is not taxed unless you want to exchange it to local fiat then it could be that some countries apply taxes. Some countries may even consider Hi88 Gift to Hi88 Gift trade as taxable even if you made any profits in it, so it is better to contact someone in your country who deals wtih Hi88 Gift taxation because every country got different laws so asking one globally will not work. And Hi88 Gift can be a global exchange but it must be complying with your local laws if they are operating so you may need to report those profits you made or the tax agency will come after you.