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RE: Does anyone here have a clue how TO PAY TAXES FROM EARNINGS on STEEMIT?

in #steemit • 6 years ago

hi @chekohler

Steem cannot be taxed since tax can only be issued once the value is moved into a fiat currency account

Yeah, that would be logical. I hope you're not wrong.

Cryptocurrency ATMs are also popping up so you can withdraw small amounts and not have to think about tax

Oh seriously? Where? :) I didnt see any yet. That's such a cool idea.

Thank you again for your comment buddy

Yours
Piotr

6 years ago in #steemit by
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     6 years ago  

    Lol well in South Africa cryptocurrency can only be taxed if a person submits it with their tax claims and the onus is on them to declare when it was bought at what value in Rands and when it was sold and at what value in Rands and then apply the capital gains tax to it.

    Well we have one here in Johannesburg and then Zimbabwe has opened up a few- You can read all about it in one of my older articles - https://steemit.com/cryptocurrency/@chekohler/south-africa-to-get-its-first-cryptocurrency-atm

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       6 years ago  

      thx for sharing that link with me.
      definetly will check it out later on today

      yours, Piotr

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