Do I get taxed on my prop firm payout or my personal account gains?? Is there even a rule for it??
Jun 01, 2025Yes. Every country has rules for reporting foreign income, trading income, and capital gains. For example: USA: Prop firm payouts = self-employment income; personal trading = capital gains UK: Payouts = self-employed income or misc income; personal trading = capital gains Ethiopia: Any foreign income is technically taxable under income tax laws, but enforcement may be limited unless you're registered and audited. However, as forex and prop firms grow in popularity, the Ethiopian Revenue and Customs Authority (ERCA) might tighten enforcement.
Jun 01, 2025