Bancoli does not provide tax advice. Tax treatment depends on your business location, tax residence, entity type, transaction activity, and the rules that apply to you.
Using Bancoli to manage supported currency activity, invoices, Smart USD, or payouts does not by itself determine your tax liability, tax status, reporting obligations, or filing requirements.
Smart USD is not a separate fiat USD account, deposit account, wallet, or new asset. It is a USD-equivalent balance view for eligible components.
For questions about income tax, foreign account reporting, digital asset reporting, business deductions, or local tax requirements, consult a qualified tax advisor in your jurisdiction.
Disclaimer: This information should not be considered tax advice.