Quote from: VitKoyn on January 22, 2018, 11:59:51 AM

Quote from: investerS on January 22, 2018, 09:59:32 AM

I have been thinking of this for long and the reason being that a lot of bitcoin transaction is going online everyday in many countries and i think government can generate IGR from this if possible. I am not a programmer and i have a little knowledge about bitcoin technologies but i just want to know if it is possible.

It is possible to have tax in Bitcoin if you transact using centralized exchange that holds your identity and when you convert your Bitcoin to paper money, but I think it is impossible to put tax in all Bitcoin transactions especially if you use over the counter that is used to buy and sell massive amount of Bitcoin. There's nothing to worry about this if your country does't have a tax regulation about cryptocurrency gains but if IRS in your country declared it as an asset then you should pay your tax, and report to them every transaction you made.

Yes I think the same thing about this,Of course Its possible to have tax if you transfer your funds using financial sector wich has centralized administrator or there are identificator documents in any centralized service wich you use..As in South korea,wich is good example:Financial commision of South korea has just announced that exchanges will be obliged to send transaction information of traders to the banks,wich i think is nonsense.but for this there must be legislative basis in your Country.