sETH (SETH)

Officially, the exchange will directly collect tax on the platform

Looking at the sell history of the Scex exchange, it’s clear that the tax only appears when “Sell” is performed

👉 The 0.1% tax will automatically match on the exchange, users no longer need to file personal taxes as the rumors suggested https://t.co/H05CU19aZ4

Personal income tax when trading Futures?

Recently, the SCEX exchange launched a beta feature for crypto users to experience the platform's functionalities. Aside from discussing smoothness and efficiency, what I'm concerned about is how personal income tax is calculated for each transaction.

👉 According to regulations:
- Tax = 0.1% × transaction volume
And it is only applied to the sell volume (as per SCEX).

However, for Futures trades using leverage, essentially I'm borrowing additional funds from the exchange to trade. How is tax calculated in this case? Suppose a Long order of $50 with 100x leverage:
- Tax is calculated on $50, and the remaining $4,950 is taxed by the exchange?
- Or is it calculated on $5,000?

From next week my Job will be to increase this number by 10x