Quote from: Kevinbind on April 04, 2018, 06:12:27 PM

After upcoming worldwide regulations people will HAVE to declare it. Sad but true

Why would anyone be forced to disclose their assets and if so why would they reveal everything and if not how on earth are they going to know about it.

Quote from: ignatius006 on April 04, 2018, 10:00:55 PM

Are the bitcoin earnings taxable only when you convert them to "real" currency or is the tax applicable even if you dont convert ?

You need to pay your tax when ever you convert to fiat currency, there is no provision to pay your taxes while you are holding the coins and you really do not need to disclose your amount too.

Quote from: malbterxic on April 06, 2018, 06:10:48 AM

If we consider the situation with the legalization bitcoin, then I still do not see the point of showing income, what for ?

If you have made money with bitcoin and you have converted it to fiat currency you have to pay your taxes for the income you have made.