I live in a country in the EU and i tried to get some information about how can i pay my taxes for my btc revenue.
Acording to my country`s legislation:
1.Bitcoin isn`t digital money.
2.Bitcoin isn`t a digital asset.
Acording to the laws,bitcoin is nothing...BUT acording to the same legislation,i`m obligated to pay taxes for all my revenues,including the income from online trading.What if all my income comes from bitcoin trading?
Do i have to pay any taxes or no?Sorry,if this questions is asked here before.
Is this ridiculous?
It is hypocritical in its finest, they labelled it as nothing or useless but they want you to pay taxes for earning to it. Thats more of greedy to the same government who supposedly support you than taking in your advantage without them doing theyre mandated to do so.
In my country its not yet illegal and we dont pay tax for it and that is just right for me.