Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Tax?
by
no0dlepunk
on 27/11/2017, 11:28:57 UTC
Whats the deal with Bitcoin and paying tax? How does it work?
I live in the Philippines, and here we can cashout bitcoins using the local counterpart of western union. By that method, the government would not know how much money had came in to my pocket unless I cash out such huge amount and it caught the Fedies attention. Other countries are strict, and i assume you need to wire your bitcoins to your bank account. That method couldn't escape from the law.