Bitxoxo - Buy, Sell & Gift Bitcoins in India

What about Bitcoin and taxes?

Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin. There are services like Coin Reporting,, and LibraTax which help with tax compliance.


Please sign in to leave a comment.