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RE: Vlog #25: My crypto tax thoughts. It sure will be interesting this year if it keeps going up.

in #life7 years ago

To me the earnings should be seen as income. My take however is that as long as I keep the money in crypto, I don't have to pay tax on it, but as soon as I convert it in FIAT, then I should declare it as income and pay my dues.

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Last information I could find is that I would have to pay 1.2% over my total holdings. Which I would have no problem with. This doesn't cover my earning in SBD though. But maybe that's the same because we don;t get paid in Euros/US dollars.

Thank you for the info