Binance Tax By Binance: Tax Filing Friend For You

In many countries, people and corporates are getting ready for the tax season. For a simple and hassle-free tax filing, it is necessary to comply with local rules and regulations. 

Binance has decided to come up with a tax filing tool, Binance Tax, to help users stay on track with their cryptocurrency transactions, use the data during tax filing, and remain compliant. You can download a summary report from the tool which will show your profits and losses, including spot trades, donations, and Blockchain-based rewards. 

The idea of creating this tool came when people started asking questions about tax liabilities. It is currently in its pilot phase in France and Canada, and it may be extended to other marketplaces.