When Bitcoin first launched in 2009, it was considered a flawed form of money by many. Today, however, with the number of active users running into many millions, it can definitely be termed an economic phenomenon that is here to stay. In fact, it’s well on its way to penetrating the mainstream market and is even listed on futures exchanges.
However, given its disruptive market status as an ‘alt-coin’, many Bitcoin users are unaware or uncertain about their tax obligations. This infographic is a comprehensive guide on taxation policies for Bitcoin transactions, earnings and profits, and how to file returns.
Infographic by – All Finance Tax