Post
Topic
Board Legal
Re: do i have to pay tax on bitcoins ?
by
botany
on 05/10/2016, 15:17:50 UTC
it depend on the area and the country where you are living, if your country has imposed tax on bitcoin they you have to pay tax but i thin still not a single country has yet consider bitcoin as legal currency therefore there is still no tax on bitcoin.

That is absolutely incorrect. Bitcoin doesn't have to be a currency for taxes to be imposed on it.
Taxes are imposed on income / profits and you definitely can profit using bitcoins.