You are viewing a single comment's thread from:

RE: When Steem Becomes A Business || Studying The Legal Framework (Labor/Tax Law) That Applies For Crypto Bloggers

in #business7 years ago

There are many steemians who earn more than 10K in only one months, so it's definitely an issue :-)

From my own research, I believe while still in your wallet you should not worried about your tax, as soon as it is withdrawal and become Fiat currency into your bank account, yes, it should go towards your income for tax purposes.

That's not true. At least in European countries you have to declare everything you earn - independently in which currency the income has been generated originally. That's what I've learned during my research and interviews with several financial and crypto experts. Germany is far ahead when it comes to regulation, other countries are still defining their rules. But in a couple of years that's surely gonna be equal for the whole continent.

Where did you do your research?

Sort: