Post
Topic
Board Bitcoin Discussion
Re: Can paying in Bitcoin save tax?
by
Bargins
on 17/12/2017, 10:43:51 UTC
Depends in which country you're living in so you should do your own research. In my country government has set no regulations on cryptocurrencies unless you're cashing it out into fiat. Yet there are VERY few places where you can pay using cryptos so there hasn't been any need for those regulations..
Anyways, if you're going to accept cryptos and not cash them into fiat you're probably not going to get in trouble but if I were you I'd cash-out some amount you have received, pay taxes for that and use remaining money. Then you're less likely to get in governments radar.