Quote from: polynesia on March 29, 2017, 12:09:35 AM

Quote from: redlag on March 09, 2017, 12:21:59 PM

Arguments not in favor of tax:

According to my bank statements, I have submitted money in a company(exchange) as an investment. And only after I redeem my investment in my bank account will the profit be accountable.

What do you guys think? Any comments?

I think this argument is pretty weak. You have booked profits and the profits are in an exchange (equivalent of a mobile wallet). It is just that you have not transferred the money back into your bank account.

You are right. I recently re-read the laws and it says that profits would be deemed as received regardless of the fact weather the money has been received or not. So if anyone is wondering, yes, you have to report the profits.