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Resolved
Is it normal to pay personal income tax on withdrawals?
Object
KCM Trade KCM Trade
Issue

Unable to Withdraw

Requirement

Withdrawal

Amount

$70,000(USD)

Time

36day4hour

Mediation Progress
Resolved
lucy6820
Reply
KCM Trade
Please contact us, CS@kcmtrade.com

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lucy6820
I contacted the broker who told me that they didn't allow me to withdraw unless I pay the individual income tax. However, many people said that withdrawal was still unavailable after paying taxes. So it's unreasonable. Please help me with it.

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lucy6820
Account name 한쑤환 Email: hanshuhuan302@gamil.com

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WikiFX Mediation Center
Dear customer, please provide the correct account name and email address. Your cooperation is greatly appreciated.

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lucy6820
Is it normal to pay individual income tax before withdrawing? Is it a scam? What if I still can't withdraw the money after paying the tax?

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WikiFX Mediation Center

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lucy6820
Dear 44018931 user, according to the international tax law, 27% of your personal income tax will be charged for personal profits exceeding USD 10,000. Your personal profit in the account is USD 27,935.1, and the personal income tax you need to pay is USD 7,542.4. The financial department notifies you: Your account44018931 has not yet paid personal income tax, and you need to pay personal income tax successfully before you can handle withdrawals! Now our financial department will register and report for you. Please complete your personal tax payment within 7 working days, that is, before 24:00 on August 4, 2023! Overdue will charge three percent of your account profit per 24 hours, i.e. $838, as a fund custody fee! Please complete it as soon as possible so as not to cause inconvenience to you in handling payment!

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