TAX with United States · South Korea · Japan For small businesses that accept Bitcoin payments, it is essential to report income thoroughly and accurately according to each country’s tax laws. AkaSha is a P2P Bitcoin payment platform that envisions a decentralized, fee-free, borderless economy . While protecting user privacy and never charging transaction fees, AkaSha actively encourages lawful tax compliance. The platform also supports transparent bookkeeping through its Bitcoin POS function. Merchants on AkaSha will soon be able to download monthly Bitcoin sales data as Excel files to assist with tax filings. Still, even without this feature, every business is responsible for keeping its own detailed records and filing taxes properly. Let’s review how Bitcoin income is taxed and reported in the United States, South Korea, and Japan . 🇺🇸 United States: How to Report Bitcoin Income In the U.S., cryptocurrency is treated as property , not currency. When a business receives...
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