Are You Paying Tax On Cryptocurrency Transactions?

[Bisolami]

Well, I am from a country where cryptocurrency is not accepted. The government of my country does not accept cryptocurrency and anyone who has any cryptocurrency transaction in his bank account will have his account frozen by the federal government.

Since it is not allowed in my country, we do not pay tax for any cryptocurrency transaction in my country. This is why Nigerians love to make use of cryptocurrency as their means of payment because we do not pay any transaction fee or tax.

I heard that some countries pay tax on cryptocurrency. Are you from that kind of country?

 

[saoussen57651]

Even in regulated sectors, people avoid to declare everything because tax are built to make you loser and pay sometimes from your pocket money.