Post
Topic
Board Altcoin Discussion
Re: Do traders pay income taxes?
by
pinoyrichkids
on 08/11/2018, 11:35:21 UTC
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?

Id like to state my reason, that in the laws of the land of a certain country, if it categorizes tax for crypto then its applicable to submit income tax, but here in my country Philippines, there was no laws that specifies income tax for crypto trading, hence the government is still in studies on how it could benefit in the economy, if it pushes.