I've been trying to figure out how Bitcoin is taxed before I trade. Does anyone know?
I dont think and I dont feel like governement is now applying tax in my country, its may be because its not yet recognize as legal in my country. Though its not legal its not illegal, its now staring to have a recognition from our central bank and this would be the beginning of regulating bitcoin inside our country. The central bank now is trying to get the full information of the people holding bitcoin. This only means that they are working on it already.
Basically, though there is no tax implemented we are still paying certain amount from the fiat exchanges or money exchanger. This actually a form of tax already because the transaction fee is high.