Quote from: anselchild on November 21, 2017, 09:34:10 AM

Once your revenue department found out that you are not declaring your income from your bitcoin then they might go after you for that. It should be included on your tax return.

Possibly. Because you can't hide much if your government is already concerned about it and has given you permission to use it without any regulations, and if they find out you are earning it but not paying any tax or something for it, they will surely come for you and you might have to pay a penalty for doing that. In my country, the government has not yet known about bitcoin and that is why there is no tension like that for us right now. We may face this situation in future when the government will start noticing the spread of bitcoin in the country.