Post
Topic
Board Legal
Re: Not Yet Legal But Not Banned
by
Harlot
on 18/11/2018, 20:09:19 UTC
~snip~
That is different here in our country, yes, not yet legal but not banned. Our government did not take any laws regarding Bitcoin and other cryptocurrencies, luckily we are freely used here even without paying tax to them. We enjoyed using anytime and we can pay tax when we buy goods from the earning of crypto. Well, that scenario depends upon where you living and if ever there is a law, then, you must obey the law.
Don't make a fool out of yourself, If Bitcoin is tax free in your country then all of the businesses will only accept Bitcoin by now in your country in order for them not to have any kind of tax obligations whatsoever. There is no such thing as tax exemption because you are earning Bitcoin, no matter what currency you are earning may it be fiat or cryptocurrencies you still have tax obligations for your country. There is no country dumb enough to tax exempt one kind of currency as it will be a loophole in their tax system. Please you need to know something about taxes to even be in this conversation.