Quote from: jaocoincrypto18 on December 13, 2017, 02:38:30 PM

Quote from: iop789 on December 12, 2017, 05:25:01 PM

I've been trying to figure out how Bitcoin is taxed before I trade. Does anyone know?

If bitcoin is legal in your country then there is a tax policy in which part of the regulations. Here in our country tax will be collected thru local exchanges in which every time you change your bitcoin to fiat you will pay extra charged because it already included the tax. Like value added tax in which every time you purchase a thing there is additional tax to pay but if the bitcoin is not legal and not ban to then you should not be worrying about bitcoin taxes anymore.

Is it like that?I never paid any extra charge while buying bitcoin on any exchanges.
I always buy bitcoins on localbitcoins.com they never charged me like value added tax as you said,so you may try to but at this exchange to avoid any kind of tax.In my knowledge any tax can be made on bitcoin you onlt need to pay taxes while convert your bitcoins into fiat.