Yes, buying and selling media on Finay can have tax implications. For instance:

• Capital Gains Tax: If you sell media for a profit, you may be subject to capital gains tax, depending on your location and the amount gained.

• Income Tax: Earnings from royalties and sales, including tips or transfers, may be considered taxable income.

Since tax regulations vary by region and depend on individual circumstances, it’s a good idea to consult with a tax professional who can help you navigate your specific tax obligations and ensure compliance.

Finay recommends staying informed about these requirements to help manage any potential liabilities.