I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
It depends on the ruling of your country, any object can be tax whatever form, bitcoins on the other hand can be taxed as you exchange it to your local currency or the gains from the change of its value depending on the ruling.
Good thing we don't have tax in using bitcoins yet here.
I agree to that. As of now, most of the country didn't tax bitcoin because they did not fully accept bitcoin so the chance for taxing bitcoin is low right now. Bitcoin will be taxed if bitcoin will be fully legalized in the future and become one of the most crowded currency because people will choose bitcoin if they will know that it is legalized because of the opportunity and also the fast transaction.