Post
Topic
Board Legal
Re: The best countries tax wise for Bitcoin
by
Gozie51
on 16/02/2022, 15:49:16 UTC
~snip

So you're just avoiding taxes, which could land you in trouble unlike in the countries mentioned above where you can do this legally!
It's a yes and a no, in the eyes of the law, we are poor and minimum wage earners, they don't investigate you even if you buy stuff with crypto, they're too corrupt for their own good so us people that fade in the background get away with it. And the taxes for most Filipinos are already paid when we buy our products and we have a high income rate that considers you as tax exempted anyways.

@Obito don't you think that you have not bought certain product that is involving large number or fraction of bitcoin and that is why the government has not noticed it. I think so because you are spending very minimal amount of bitcoin and they may think you have that through faucet  Grin

But the point is you have gone unnoticed because you spending just little , if you spend big amount you can see things can change and you don't evade again.