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Resolved
Is it normal to pay personal income tax on withdrawals?
Object
KCM Trade
Issue
Unable to Withdraw
Requirement
Withdrawal
Amount
$70,000(USD)
Time
36day4hour

Mediation Progress
South Korea2023-09-01
Resolved
lucy6820
Mauritius2023-08-02
Reply
KCM Trade
Please contact us, CS@kcmtrade.com
Reply
South Korea2023-07-28
Supplemental Materials
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.
Supplemental Materials
South Korea2023-07-28
Supplemental Materials
lucy6820
Account name 한쑤환 Email: hanshuhuan302@gamil.com
Supplemental Materials
Hong Kong2023-07-27
Reply
WikiFX Mediation Center
WikiFX Mediation CenterDear customer, please provide the correct account name and email address. Your cooperation is greatly appreciated.
Reply
South Korea2023-07-27
Supplemental Materials
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?
Supplemental Materials
Hong Kong2023-07-27
Contact Broker
WikiFX Overseas Customer Service
WikiFX Overseas Customer ServiceContact Broker
Hong Kong2023-07-27
Verified
WikiFX Mediation Center
WikiFX Mediation CenterVerified
South Korea2023-07-27
Start Mediation
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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