Quote from: 1Referee on December 14, 2016, 09:17:06 AM

Quote from: dotajhay on December 14, 2016, 09:05:41 AM

Yeah that's why i love bitcoins because it has no connection in any corrupt like government and easy to transact not like other currencies and it has no tax it depends on the owner of the site if he wants to get percentage.

You have to seperate transaction and withdrawal fees from tax that you may or may not declare every year to the government. In the latter case, even though Bitcoin isn't directly being mentioned as tax deductible in many countries, it doesn't mean you don't have to pay tax over everything you hold in Bitcoin. It adds up to your total wealth, plus the profits that you make are also subject to a general tax law. In short - Paying tax over your coins is a must. It's however up to you whether or not you declare everything honestly.

I will keep a record of my bitcoin transaction and pay tax later.