The taxation of Digital Assets is uncertain, and you are responsible for determining what taxes you might be liable to, and how they apply, when transacting through the Binance Services. It is your responsibility to report and pay any taxes that may arise from transacting on the Binance Services, and you acknowledge that Binance does not provide legal or tax advice relative to these transactions. If you have any doubts about your tax status or obligations when using Binance Services, or with respect to the Digital Assets held to the credit of your Binance account, you may wish to seek independent advice.
You acknowledge that, when, where and as required by applicable legislation, Binance shall report information regarding your transactions, transfers, distributions or payments to tax or other public authorities. Similarly, when, where and as required by applicable law, Binance shall withhold taxes related to your transactions, transfers, distributions or payments. Applicable legislation could also prompt Binance to request you for additional tax information, status, certificates or documentation. You acknowledge that failure to answer these requests within the timeframe defined, may result in withholding taxes by Binance, to be remitted to tax authorities as defined by relevant law. You are encouraged to seek professional and personal tax advice regarding the above and before making any digital asset transaction.