Tuesday, 21 October 2014

Bitcoin not Currency, It is Property



United States IRS had issued notice that explained on virtual currency situation like Bitcoin . Agensi said Bitcoin will be considered as property, and not currency. This isaims to enable owner or bitcoin recipient taxed.
Although IRS admits that a few virtual currencies operate just like currency that "real " , however, it stresses, to date, there is no a country also had approved it as a currencythat is legal .
FAQ part said notice also explain about ways file report for those who there is doingtransaction related to bitcoin. For example, if you accept Bitcoins as payment, you needto put in it as gross income based on the virtual money current value in US dollarvalue.
The notice was expelled last week, and it is right on time, where, at the moment, USpeople is busy making about to pay tax.

Mentioning on tax, to Malaysians, do not forget to make tax payment before 31 April2014 for those working employed. Meanwhile, for those who have bread and butterfrom business like online entrepreneurs, deadline make tax payment is on 30 June2014.



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