An item from Tuesday from Indonesia (via Reuters) ... gotta say this seems like a nothing burger?
Neilmaldrin Noor, a spokesman at Indonesia's tax office
- "It is important to know that... if there is a profit or capital gain generated from a transaction, the profit is an object of income tax"
- "So the tax payer who receives capital gain has to pay the tax and report it"
Jiggle around those words a little for your local jurisdiction and I think you'll find it applies to any trading / investment transaction? Not specific to crypto.
Ya know ... how about this:
Indonesia is considering a plan to tax trading of cabbages:
- "It is important to know that... if there is a profit or capital gain generated from a transaction, the profit is an object of income tax"
- "So the tax payer who receives capital gain has to pay the tax and report it"
Yeah? No? (ps. apologies to cabbage farmers, just an example, nothing personal)
Anyways ... BTC update:
