Hello, This is DAYBIT team.
DAYBIT operates a BTC Reward program*, paying 100% of transaction fee income based on contribution of DAY holding and transaction volume. Since all transaction fees are subject to 10% Value-added Tax (“VAT”), paid BTC has to be the amount deducted from fee income.
Therefore, the VAT has been included in our 25% of fixed fee incomes from 2018-10-10 to 2018-10-29.
As of today, since BTC program has been improved into 100% of trade fee income**, paid BTC for VAT will be deducted from total fee income.
**BTC Reward Improvement: https://bit.ly/2PjFrjZ
The updated policy will be applied to trade fee income from 2018-10-30 (Tuesday) 09:00:00 (UTC +9) to 2018-10-31 (Wednesday) 08:59:59 (UTC +9), which will be paid on Thursday as BTC Reward.
Trade fee income will be offered for BTC Reward Program after excluding VAT
DAYBIT is preparing to pay VAT on the due date. VAT will be paid at the beginning of January 2019 for the fourth quarter (October to December) 2018.
Thank you for your support.