Is sending crypto subject to tax on Pluang?

Sending crypto to an external wallet already carries 11% VAT on the network fee and 0.11% VAT on the total amount sent — both automatically applied by Pluang. Sending to another Pluang user has no fee and no VAT, since it's free. Beyond these VAT components, whether transferring crypto has any other tax implications depends on your personal tax situation.

Good to know:

• VAT already applied by Pluang on external wallet sends: 11% on the network fee, plus 0.11% on the total amount sent — both automatically deducted, no separate action needed from you.
• Sending to another Pluang user carries no fee and no VAT, since it's a free transfer.
• These VAT components are transaction fees, not income tax — Pluang does not currently provide personal income tax guidance for crypto transfers, since individual tax obligations can vary.

Related questions:

Q: Does Pluang automatically deduct VAT on crypto sends?
Yes, for external wallet sends — 11% VAT on the network fee and 0.11% VAT on the total amount sent are both deducted automatically.

Q: Is sending crypto to another Pluang user taxed?
No — it's a free transfer with no fee and no VAT.

Q: Should I consult a tax advisor about crypto transfers?
If you have questions about how transferring crypto affects your personal tax obligations, a tax advisor is the right resource — Pluang's VAT charges are separate from personal income tax matters.