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?
If that what your law indicated then you have a choice to follow it or not. If your a law abiding citizen that would be easy to do. But honestly that is not worth the taxpayers money, they dont recognized bitcoin as such and want a share from it. That absolutely not right in any aspect at all.
Then that would be your choice to be fooled by them and pay tax or get away with anonymity and be careful with it.