Topic: Bitcoin and paying Tax (Read 3912 times)
I don't think that anyone could make a tax on bitcoin , the bitcoin is not owned by any government and it is something that they can not control exactly like the internet , so if there were any taxes to whom they are gonna go too , this is the reason that every investor think about investing in bitcoin , they are wearied about whether they have to pay tax or not will there be a law on bitcoin.
In my country theres this exchange site where you can convert your btc to your local currency. And they are paying tax to our goverment and is following the rules like the banks so you have to submit a bunch of documents.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
But the question is did we pay tax? The answer is no, however, in some local exchange they have a good income with the exchange rate and maybe not directly, we can already consider that as our tax.As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
The only way by taxing bitcoin by the government is through its registered exchange sites, gambling sites and other sites who are profiting with bitcoin.
So, for every transactions will be made through them will be taxed and it will be charged to us by the site.
It will be forcing their customers to charge tax only if the government they are living in will tax their services.
It can ask companies paying the bitcoin to their employees to report the amount of the bitcoin paid to them.
I do not think that any way to taxation Bitcoin is lawful and correct. This decentralized payment system and it should protect the rights of people, not the government
In my country theres this exchange site where you can convert your btc to your local currency. And they are paying tax to our goverment and is following the rules like the banks so you have to submit a bunch of documents.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
But the question is did we pay tax? The answer is no, however, in some local exchange they have a good income with the exchange rate and maybe not directly, we can already consider that as our tax.As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
The only way by taxing bitcoin by the government is through its registered exchange sites, gambling sites and other sites who are profiting with bitcoin.
So, for every transactions will be made through them will be taxed and it will be charged to us by the site.
It will be forcing their customers to charge tax only if the government they are living in will tax their services.
It can ask companies paying the bitcoin to their employees to report the amount of the bitcoin paid to them.
In my country theres this exchange site where you can convert your btc to your local currency. And they are paying tax to our goverment and is following the rules like the banks so you have to submit a bunch of documents.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
But the question is did we pay tax? The answer is no, however, in some local exchange they have a good income with the exchange rate and maybe not directly, we can already consider that as our tax.As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
The only way by taxing bitcoin by the government is through its registered exchange sites, gambling sites and other sites who are profiting with bitcoin.
So, for every transactions will be made through them will be taxed and it will be charged to us by the site.
It will be forcing their customers to charge tax only if the government they are living in will tax their services.
After realizing a lot of user using bitcoin for the transaction, government is keep finding way to tax bitcoin, a lot of method already being planned to tax bitcoin and i think in the end we will need to pay tax for bitcoin, government will used all effort to make this happens
Government already find the way to tax their citizen even before bitcoin exist. Every item we bought whether it is food or clothing, or luxurious things, government already have their cuts on it. So as bitcoin user, we are indirectly paying tax to the government every time we buy stuff with bitcoin or convert bitcoin to fiat currency and buy things with that currency. Though they aren't taxing us from our salaries with bitcoins.
After realizing a lot of user using bitcoin for the transaction, government is keep finding way to tax bitcoin, a lot of method already being planned to tax bitcoin and i think in the end we will need to pay tax for bitcoin, government will used all effort to make this happens
In my country theres this exchange site where you can convert your btc to your local currency. And they are paying tax to our goverment and is following the rules like the banks so you have to submit a bunch of documents.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
But the question is did we pay tax? The answer is no, however, in some local exchange they have a good income with the exchange rate and maybe not directly, we can already consider that as our tax.As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
In my country theres this exchange site where you can convert your btc to your local currency. And they are paying tax to our goverment and is following the rules like the banks so you have to submit a bunch of documents.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
But the question is did we pay tax? The answer is no, however, in some local exchange they have a good income with the exchange rate and maybe not directly, we can already consider that as our tax. As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
In my country theres this exchange site where you can convert your btc to your local currency. And they are paying tax to our goverment and is following the rules like the banks so you have to submit a bunch of documents.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
As of now most bitcoin related services don't pay tax because they are just a small business while some other big businesses pay tax because the government notice them.
So I think in the near future, We will all be taxed too. When bitcoin is fully adapt and recognized.
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
They cant really get tax from bitcoin because its not regulated by the government and hence they cant considered bitcoin because it cant be controlled by anyone thats why they didnt recognize it. Thats the goodness of bitcoin because we do have full control of our money without the notice of the government and they cant impose tax from us.yes, no one can control the price of bitcoins that's why it is hard to impose tax on bitcoins, one of the main reason was other countries are considering bitcoins as illegal, its a good thing that they can not add additional expenses to bitcoin user by adding tax on our transactions. but once that the government have recognize bitcoins, i'm sure tax will be added soon.
If you abide by the laws of the country you live in you are obliged to pay taxes, whether you want that or not. Same with bitcoin, anything you make should be reported. There's nothing bad about it. On the contrary, the taxation in regards to bitcoin is quite lax in most jurisdictions.
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
They cant really get tax from bitcoin because its not regulated by the government and hence they cant considered bitcoin because it cant be controlled by anyone thats why they didnt recognize it. Thats the goodness of bitcoin because we do have full control of our money without the notice of the government and they cant impose tax from us.yes, no one can control the price of bitcoins that's why it is hard to impose tax on bitcoins, one of the main reason was other countries are considering bitcoins as illegal, its a good thing that they can not add additional expenses to bitcoin user by adding tax on our transactions. but once that the government have recognize bitcoins, i'm sure tax will be added soon.
If you abide by the laws of the country you live in you are obliged to pay taxes, whether you want that or not. Same with bitcoin, anything you make should be reported. There's nothing bad about it. On the contrary, the taxation in regards to bitcoin is quite lax in most jurisdictions.
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
that's like what i feel in my country, NO tax in bitcoin mining and trading, but the fee of withdraw is like tax in my country.
the regulation for small bussines must pay fixed 1% from his total transaction, and exchanger at my country take 1% fee for each withdraw, it's seem like tax too :/
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
that's like what i feel in my country, NO tax in bitcoin mining and trading, but the fee of withdraw is like tax in my country.
the regulation for small bussines must pay fixed 1% from his total transaction, and exchanger at my country take 1% fee for each withdraw, it's seem like tax too :/
if you feel unpleased just moving out,i guess there's many exchanger service which require you to pay fees lesser than 1%
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bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
that's like what i feel in my country, NO tax in bitcoin mining and trading, but the fee of withdraw is like tax in my country.
the regulation for small bussines must pay fixed 1% from his total transaction, and exchanger at my country take 1% fee for each withdraw, it's seem like tax too :/
if you feel unpleased just moving out,i guess there's many exchanger service which require you to pay fees lesser than 1%
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
They cant really get tax from bitcoin because its not regulated by the government and hence they cant considered bitcoin because it cant be controlled by anyone thats why they didnt recognize it. Thats the goodness of bitcoin because we do have full control of our money without the notice of the government and they cant impose tax from us.yes, no one can control the price of bitcoins that's why it is hard to impose tax on bitcoins, one of the main reason was other countries are considering bitcoins as illegal, its a good thing that they can not add additional expenses to bitcoin user by adding tax on our transactions. but once that the government have recognize bitcoins, i'm sure tax will be added soon.
What does the control over Bitcoin price have to do with imposing taxes on Bitcoin operations or Bitcoin itself? In all important countries such as the US, the EU, China, etc Bitcoin is recognized and legal, so what countries are you talking about where Bitcoin is considered illegal? Further, it is not required to tax Bitcoin specifically since it can already be taxed according to its classification, for example, as a financial asset in the US or a means of payment in the EU...
You seem to be a perfect candidate for reading this thread
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
They cant really get tax from bitcoin because its not regulated by the government and hence they cant considered bitcoin because it cant be controlled by anyone thats why they didnt recognize it. Thats the goodness of bitcoin because we do have full control of our money without the notice of the government and they cant impose tax from us.yes, no one can control the price of bitcoins that's why it is hard to impose tax on bitcoins, one of the main reason was other countries are considering bitcoins as illegal, its a good thing that they can not add additional expenses to bitcoin user by adding tax on our transactions. but once that the government have recognize bitcoins, i'm sure tax will be added soon.
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
that's like what i feel in my country, NO tax in bitcoin mining and trading, but the fee of withdraw is like tax in my country.
the regulation for small bussines must pay fixed 1% from his total transaction, and exchanger at my country take 1% fee for each withdraw, it's seem like tax too :/
which country is this ?
bitcoin no paying tax any tax because bitcoin is not recognised by any government and i think we will be pay tax on bitcoin if bitcoin approve by any government and i think then they apply the tax on bitcoin.
that's like what i feel in my country, NO tax in bitcoin mining and trading, but the fee of withdraw is like tax in my country.
the regulation for small bussines must pay fixed 1% from his total transaction, and exchanger at my country take 1% fee for each withdraw, it's seem like tax too :/
You can hide money using bitcoin or other cryptocurrency but when you buy a house for example, you will have to tell from where this money comes from, so government will tax you, there's no way to run.
Indeed mate. We are tax free here in bitcoin community. But if we're going to convert it into cash and purchase something then it will be taxable. And I'm really not hoping that soon there will be a tax already in bitcoin community.
It do really depends on which country do you live in and on which kind of government does it have. If you live on a country which do have a corrupt officials then for sure the tax of people would surely come to waste unlike to those government who handle the tax in to good motive. Back to topic, i dont think government would able to collaborate with bitcoin hence its decentralized and cant be controlled by anyone and also exchanges do have fees on each transaction but its not a tax.
You can hide money using bitcoin or other cryptocurrency but when you buy a house for example, you will have to tell from where this money comes from, so government will tax you, there's no way to run.
Indeed mate. We are tax free here in bitcoin community. But if we're going to convert it into cash and purchase something then it will be taxable. And I'm really not hoping that soon there will be a tax already in bitcoin community.
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