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?
yes bit coin is just online digital money it we can't see with our eyes. but has it great demand. suppose if we have paper money we have to submit our property details to the government. but we have bit coin no need to submit any one. it can not see with our eyes. so bit coin is having great demand. in my country bit coin has more value, my country's court's law says who are using bit coin just use it properly in legal way other wise don't use it.