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?
Well I guess you having to pay taxes from Bitcoin trading will put your government in a conflicting position because first and foremost, your government does not recognize Bitcoins per se so why will they require you to pay taxes that you derive from something they do not even acknowledge to begin with? Is that not a conflicting position? If Bitcoin is indeed nothing, why will they have to ask you to pay taxes out of it? I think you would have to clarify this with your government. I am afraid this is not the proper venue to air out such grievances.