As the platform economy is based on an internal Arata Token which has no other monetary value outside the platform, no taxes are applicable to holders of ARATA Coin.
However, if a holder of a ARATA Coin chooses to sell his or her coins for fiat or digital currency, he/she may be subjected to taxation, depending on jurisdiction of residence.
Arata bears no responsibility for any taxation issues arising from surrendering of ARATA Coins on a secondary market.
Last modified 1yr ago