Post
Topic
Board Economics
Re: Bitcoin vs Taxes
by
ilovestroberi
on 12/01/2018, 03:10:11 UTC
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.


I am actually afraid of this. There are rumors that bitcoin will be legal here in the Philippines but at the same time tax will be added to it, I think it is really inevitable since bitcoin will be a legal crypto/virtual currency.