Somebody can help me about the taxes mining Bitcoins in Canada and USA. Taxes to import the hardware, income tax, etc.
I Think taxes can only be computed once you converted your income to your
local currency less the expenses you had for your operation.
Yeah, so far, that is the only way and which is absolutely normal. As long as you keep making use of fiat and you are making profit on whatever you are doing even if it is by keeping your funds in your wallet, then tax is compulsory. Although, this differs in so many places but with the governments regulating the exchanges now, this is something that cannot be discarded. Anything asides conversion to fiat is not even possible.
Transcation charges only for convert bitcoin into FIAT it's a digital currency system only for online transaction So direct taxes not applicable.You no need to pay tax for the bitcoin you have with you.You can use bitcoin as a tax free one.