Post
Topic
Board Beginners & Help
Re: Signature campaigns and taxation.
by
qwertyup23
on 02/12/2021, 23:57:51 UTC
I see so many people wearing signatures these days.
How do you state the cryptocurrency income from signature campaigns in your tax return? The tax authorities in Europe want to provide them with a document for the purchase of cryptocurrency, I guess it's the same for USA & Canada with the AML laws.



Currently in the Philippines, our BSP (Central Bank) has somehow remained silent over the implications of BTC and its transactions on the country. Though they are tolerating such transaction, I doubt that this will remain for long especially that its popularity is gaining massive attention throughout the years.

Ever since I started joining this forum last 2017, I have never faced any issues regarding any taxable amount to the earnings that I received. The only problem that I seemed to experience is withdrawing a huge amount in my local exchange and directly sending it to my bank account. Our local exchange had a history of flagging accounts due to 'suspicious activity.'