USDT Cross-Border Payment? Have You Stepped Into These 3 Tax Traps?

💡 Cold Knowledge 1: USDT payments may involve multiple taxes

- Real Case: A cross-border e-commerce seller received payment in USDT and was required by tax authorities to pay relevant taxes

- Legal Logic:

👉 Many countries recognize USDT as a 'virtual asset', and cross-border payment activities may be regarded as 'asset transfers', requiring the payment of relevant taxes

👉 If it involves cross-border transactions between China and the US, due to the CRS information exchange mechanism, Chinese sellers may need to report taxes to both countries simultaneously (subject to the specific tax laws of both countries)

🛡️ Cold Knowledge 2: USDT refunds carry risks

- Overseas Regulation: The EU MiCA regulations indicate that refunds related to virtual asset transactions must provide proof of the source of funds if there are suspicions of money laundering or if the amounts are large

- China Risk: In China, activities related to virtual currencies are considered illegal financial activities. Domestic USDT refund behaviors may not only violate relevant regulations but, if they involve the transfer of criminal proceeds, could also constitute 'concealment of criminal proceeds'

🌍 Cold Knowledge 3: USDT has become a key focus of customs supervision

- Data Reference: In recent years, there has been an upward trend in smuggling cases involving virtual currencies, with instances of large single-transaction amounts

- Legal Consequences:

👉 Violating customs regulations will face confiscation, fines, and other penalties (based on Article 82 of the Customs Law)

👉 If it involves illegal cross-border transfer of funds, it may be suspected of 'currency evasion', with a maximum sentence of over five years in prison

⚠️ Compliance Guidelines

1. Chinese Users Must Read:

- China clearly prohibits activities related to virtual currencies, including domestic USDT payments (based on notices from the central bank and ten other departments)

- Cross-border e-commerce can opt for compliant methods such as 'Digital RMB + legal cross-border payment channels' to complete transactions

2. Key Points for Overseas Operations:

- Retain transaction records for at least 5 years in accordance with local regulatory requirements (in compliance with anti-money laundering regulations)

- Conduct transactions through compliant platforms with legal licenses and report taxes as required

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