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No way for now, still not clear how they gonna assign monetary value to BTC, what exchange rate they will use?
by alexro 13y ago
No way for now, still not clear how they gonna assign monetary value to BTC, what exchange rate they will use?
- betterunix 13y agoWhat exchange rate do they use for forex transactions?
- PeterisP 13y agoCome on - that's not an obstacle. First, it's YOUR duty to report the income and the appropriate local currency value of that income, so picking a rate is your problem, not theirs. And then, if they don't like your choice rate, then they pick a rate themselves, tax you on that, and fine you for misrepresenting your income. Afterwards you (and everyone else) begs them to publish some guidelines on what rate should be used, they do so, and everyone is [mostly] happy.