Does Payoneer report taxes?

Payoneer, as a financial services company, is obligated to comply with tax regulations in the countries where it operates. However, it’s important to note that Payoneer is not a tax agent and does not withhold taxes from transactions. It is the responsibility of the Payoneer account holder to report and pay any applicable taxes in their country of residence. Payoneer may provide annual statements or other documentation that can be used for tax purposes, but they do not directly report to tax authorities on behalf of users. Always consult with a tax professional or your local tax authority to understand your tax obligations.