Bitcoin & Taxation – Infographic
Any profits you make from Bitcoin investments are liable for taxation in the same manner as traditional currencies, something that is not always clear to people when they first use Bitcoin. However, you are entitled to make certain deductions from your Bitcoin tax bill, such as the cost of purchasing assets or any mining expenses from Bitcoins that you earned from verifying transactions. Find out more about the tax implications of using Bitcoin in this infographic from Irish financial advisors All Finance Tax.
Source: All Finance Tax