Interesting article i just found for KIWIS / NZERS
https://www.interest.co.nz/personal-finance/91564/ird-says-people-should-consider-money-made-selling-cryptocurrencies-bought
Topic: Countries with No Bitcoin Taxes - page 4. (Read 11997 times)
As far as i am aware, the IRD of NZ has said they are still trying to decide what to do with it. It has been suggested they are pondering treating crypto like "real assets" such as gold and silver, taxing on capital gains. Time will tell
Haven't you heard about Belarus?
https://www.ccn.com/belarus-acknowledges-bitcoin-legal-currency-legalizes-icos/
So that is close as a paradise for every crypto loving individuals. Another country that I think don't tax bitcoin is Australia, they have legalized bitcoin last July 1 or 2, 2017. From where I lived, bitcoin as well is not tax as of yet. But I'm expecting that sooner our government will impose tax if we change our bitcoin to local fiat. And there are countries who still remain on neutral grounds so no tax as well. But I reckon that 2018 will be another year that bitcoin and crypto's will take off, so it's just a matter of time before a country will make their decision to accept or put regulations or a total ban like what Bangladesh and Indonesia did recently.
https://www.ccn.com/belarus-acknowledges-bitcoin-legal-currency-legalizes-icos/
Quote
Unlike several major bitcoin markets like South Korea, the Belarus government will not tax mining, trading of cryptocurrencies, and sale of digital tokens. According to Belarus Hi-Tech Park director Vsevolod Yanchevsky, activities related to mining, creation, acquisition and sale of digital tokens will remain tax-free until 2023, throughout the next five years.
So that is close as a paradise for every crypto loving individuals. Another country that I think don't tax bitcoin is Australia, they have legalized bitcoin last July 1 or 2, 2017. From where I lived, bitcoin as well is not tax as of yet. But I'm expecting that sooner our government will impose tax if we change our bitcoin to local fiat. And there are countries who still remain on neutral grounds so no tax as well. But I reckon that 2018 will be another year that bitcoin and crypto's will take off, so it's just a matter of time before a country will make their decision to accept or put regulations or a total ban like what Bangladesh and Indonesia did recently.
The most countries haven't yet applied the taxes on bitcoin, but over time I'm sure seems will be more countries will applying the taxes on bitcoin (from bitcoin incomes).
Inland Revenue in New Zealand has said that they are currently working on policies/guidelines for taxing cryptocurrencies. It sounds like they will treat 'coins' like gold (taxing realized gains) as their idea is that you speculate on the coins value and the intention was to buy for the purpose of resale later. While this suggestion ignores people that hold bitcoin because they think it will be used akin to money I think that taxing it similar to gold makes sense as it is pretty much cyber-gold, a store of wealth in space. Tokens are what I think will require a considerable amount more consideration as there needs to be a lot of grey area. Some tokens offer dividends and are like shares, some offer voting rights on the platform and that is, and some are used to buy services from the issuer. It would be very surprising if all cryptos were taxed using the same method (especially as if you used your tokens and no 'sale for profit' took place no tax would fall due).
I think still more country use bitcoin but no need to pay tax. Because their country, the government not legalized bitcoin yet.
After the government legalized I sure the government will set the rules and need pay tax, and can increase the income for the country.
Inland Revenue in New Zealand has said that they are currently working on policies/guidelines for taxing cryptocurrencies. It sounds like they will treat 'coins' like gold (taxing realized gains) as their idea is that you speculate on the coins value and the intention was to buy for the purpose of resale later. While this suggestion ignores people that hold bitcoin because they think it will be used akin to money I think that taxing it similar to gold makes sense as it is pretty much cyber-gold, a store of wealth in space. Tokens are what I think will require a considerable amount more consideration as there needs to be a lot of grey area. Some tokens offer dividends and are like shares, some offer voting rights on the platform and that is, and some are used to buy services from the issuer. It would be very surprising if all cryptos were taxed using the same method (especially as if you used your tokens and no 'sale for profit' took place no tax would fall due).
I know some like Malaysia, Germany and some other African countries.
I only know of Denmark and Germany but only if you have held them for more than a year I believe.
Does anyone know of any others?
Does anyone know of any others?
hmm... as far as I know Indonesia doesn't have bitcoin taxes because they are not make any policy against bitcoin. It means that they are using bitcoin as their own responsibility and goverment have nothing against bitcoin
Yes that's right, although Bank Indonesia do not recommend using bitcoin because the transaction not guaranteed, but not to banning bitcoin usage.
~iki
You can translate this thread https://bitcointalksearch.org/topic/hukum-dan-penggunaan-bitcoin-di-indonesia-bitcoiner-harus-tau-1103012
there discusses the law and use Bitcoin in Indonesia
I only know of Denmark and Germany but only if you have held them for more than a year I believe.
Does anyone know of any others?
Does anyone know of any others?
hmm... as far as I know Indonesia doesn't have bitcoin taxes because they are not make any policy against bitcoin. It means that they are using bitcoin as their own responsibility and goverment have nothing against bitcoin
Yes that's right, although Bank Indonesia do not recommend using bitcoin because the transaction not guaranteed, but not to banning bitcoin usage.
~iki
I only know of Denmark and Germany but only if you have held them for more than a year I believe.
Does anyone know of any others?
Does anyone know of any others?
hmm... as far as I know Indonesia doesn't have bitcoin taxes because they are not make any policy against bitcoin. It means that they are using bitcoin as their own responsibility and goverment have nothing against bitcoin
India has no Bitcoin Taxes 
but there is heavy restriction if i'm not mistaken and the legality of bitcoin is still in doubt there
they are still thinking that it can be used for illicit activity
RBI (Reserve Bank of India) play neutral role on Bitcoin activities in India. It doesn't ban bitcoin & also doesn't support it.
India has no Bitcoin Taxes
but there is heavy restriction if i'm not mistaken and the legality of bitcoin is still in doubt there
they are still thinking that it can be used for illicit activity
India has no Bitcoin Taxes
i new realize that denmark and germany has no taxes for bitcoin,that would be great, i wish so many countries with no bitcoin taxes to
if you start trading with bitcoins in germany.then you need to pay taxs on the profit.
doesnt metter you hold these coins for more than 1year or not.
doesnt metter you hold these coins for more than 1year or not.
how about mining activity? and what if one cannot keep traces of all his trasncactions? because some come from pool others are lost because the exchange vanished with the money, and or sort of this proble?
not to mention the altcoin fest, it would be really a nightmare to declare anything
if you start trading with bitcoins in germany.then you need to pay taxs on the profit.
doesnt metter you hold these coins for more than 1year or not.
doesnt metter you hold these coins for more than 1year or not.
australia brazil, all the africa(this is a good place to live if you want to deal with bitcoin only) and some country of the sud asia
if you can't reaslly go abroad, there numerous way to hide your income, or just stay below a certain amount, and you will not pay any tax(this is not a tax evasion...)
if you can't reaslly go abroad, there numerous way to hide your income, or just stay below a certain amount, and you will not pay any tax(this is not a tax evasion...)
The more mainstream bitcoin becomes as currency the more state governments will seek to be sure they are getting paid for the state provided services. If bitcoin is successful then you'll see the same things you see today with nation states affecting tax code that makes it more desirable to do business and provide economic prosper to their state/country.
Germany yea.....some countries hav few tax while for some they hav heavy tax..depends
Mexico has no Bitcoin Taxes, for now...
The Bank of Mexico has been open minded enough to explore how a country traditionally associated with corruption could become the most transparent and incorruptible country in the world using this technology while other countries, governments and banks are running in fear of their beliefs and jobs as the technology and innovation evolves.
The Bank of Mexico has been open minded enough to explore how a country traditionally associated with corruption could become the most transparent and incorruptible country in the world using this technology while other countries, governments and banks are running in fear of their beliefs and jobs as the technology and innovation evolves.
That sounds interesting, how is their exploring going? Anywhere I can find more on this?
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