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131 sats \ 2 replies \ @IamSINGLE 2 Jan \ parent \ on: Pierre Corbin - Founder of Flash AMA AMA
Thanks. I don't know how the taxation would be for business sales because it's not clear from whatever rules the government has mentioned and I've never come accross a merchant, not even in the biggest cities, who can tell me how these work.
The rules only mention that there's a flat 30% + 1% TDS applies to profits made through virtual digital assets. The rules also mention than VDAs aren't currency and they can't be used as legal tender, I assume this means "can't be used as MoE.
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32 sats \ 1 reply \ @PierreCorbin OP 2 Jan
Hmm yeah that's pretty bad indeed, and definitely lacks clarity. We plan on doing research around local laws around the world for accepting bitcoin payments and managing accounting + taxes. Look out for that, as we want to release it in Q1 :) I hope we'll be able to answer these questions for a lot of people!
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131 sats \ 0 replies \ @IamSINGLE 2 Jan
Thanks. I'll curiously wait for the release.
Until then I'm also looking for the clarity on these. If I'll meet one merchant, I'll update you.
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