## First principle
Tax on FX profit depends on tax residence, product type, trading frequency, account structure and local rules. FXCN is not a tax adviser, but it can show what records you should keep.
## Four-region overview
Mainland China treatment for individual offshore FX or derivatives can be complex; keep full records and seek professional advice. Hong Kong generally has no capital gains tax, but professional trading can be assessed differently. Singapore usually does not tax personal capital gains, while company trading income can be taxable. US rules are more complex and some contracts may involve Section 1256 and Form 6781.
## Records to keep
Save deposits, withdrawals, trade statements, monthly reports, FX conversion, commission, overnight financing and broker legal entity. Without records, tax reporting and source-of-funds explanations become difficult.
## Risk warning
Do not believe a broker support agent who says you must pay tax to the platform before withdrawal. Real tax is normally reported to your tax authority, not transferred to support.
