You are viewing a single comment's thread from:

RE: IRS has been tracking Bitcoin usage since 2015 & List of Coins that Can Save You from Spies.

in #bitcoin7 years ago

There was an attempt to add VAT to bitcoin a few years ago but this was abandoned.

My reading is that if you earn bitcoin in any way (mining, blogging, other tasks that involve payment for your time or services) you are liable for income tax. Difficult as the value of crypto fluctuates so much.

If you buy and then sell btc and make a profit, you are liable for capital gains tax on the profit (with allowances etc).