Quote from: Piggymonster on Today at 09:03:40 PM

Quote from: Ultegra134 on Today at 05:04:04 PM

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I am from Philippines where everything has a value added tax hahaha. It sure is an income that is why it is taxable and crypto has becoming mainstream here and a lot of people are earning big time that is why they are looking on how to capture taxes on it.. The only challenge to tax authorities is how they gonna track the income earned and if it will be classify as capital asset or ordinary asset as it has a different tax computation.

I see, I'm from Greece, not much has been done here about cryptocurrencies, they were pretty unknown to the mass till the last few years I'd say at least. Since there isn't any kind of direct taxation for cryptos, I've already managed to deposit a decent sum of money in the past, without getting it taxed. If you're careful enough, there might be a way to avoid it altogether, they don't really bother from where it's coming from here.