Post
Topic
Board Legal
Re: Have You Paid Tax On Bitcoin?
by
Darker45
on 17/11/2019, 14:59:03 UTC
What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

I am not and will not pay taxes on my individual crypto earnings. Well, my country does not have anything in place regarding cryptocurrency taxation as far as individual tax payers are concerned so there is nothing that governs it really. The Bureau of Internal Revenue (BIR), the main government agency tasked to collect taxes, is not implementing anything about individual cryptocurrency income because there is no particular law or policy that is crafted to rule on this particular matter. With this, everything is vague for now. When it comes to individual spending in crypto I guess all the goods and services here are already valued with tax included.