Do Bitcoins have Tax?? - page 12. | Bitcointalksearch.org

n0ne

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Quote from: rajasumi2 on December 05, 2016, 06:22:54 AM

It totally depends on which place u are in .well if u are from india , i can tell if u are transacting 2.5 lacs per year then u dont have to pay taxes otherwise more than that u have to show to them and pay taxes .kudoos

As quoted depending upon the country you reside, users were supposed to pay tax in respect to the transaction made through various services. Governments can just tax users by this means and miners gets the transaction fee.

youdacapt

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Until now, there are no state laws that regulate bitcoin taxes, I feel free of this, upss Cheesy

If tax has been in effect since bitcoin already legalized one day, it doesn't matter because all public access could use bitcoin. There is always an admission tax for welfare. The best way if it happens, collect bitcoin as much as possible from now on.

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It totally depends on which place u are in .well if u are from india , i can tell if u are transacting 2.5 lacs per year then u dont have to pay taxes otherwise more than that u have to show to them and pay taxes .kudoos

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There is no direct tax here in the Netherlands, you can hold as many bitcoins in a wallet as you like, only when it's converted to fiat it becomes taxable at around EUR 2500.

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For Bitcoin not have to pay taxes because the government has no right to claim your saving.

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Quote from: agamasrori on December 03, 2016, 12:32:26 AM

Quote from: MancyZz on December 02, 2016, 10:37:54 PM

no , i don't see there is rule from government about bitcoin tax because in my opinion each tax need a government rule

Yes I agree, government is not tax it, but some people in here were said that bitcoin transaction fee is a tax, i think they were wrong, the transaction fee is for minner becouse they help the transaction.

Compared to the real tax you have to pay, it's more cheaper as it does not base on the amount you will transact. Government will only tax exchange sites but the clients like us are not tax but we pay of the trading fees or transfer fees from trading site to our wallet and somehow we can all it tax.

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Quote from: MancyZz on December 02, 2016, 10:37:54 PM

no , i don't see there is rule from government about bitcoin tax because in my opinion each tax need a government rule

Yes I agree, government is not tax it, but some people in here were said that bitcoin transaction fee is a tax, i think they were wrong, the transaction fee is for minner becouse they help the transaction.

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no , i don't see there is rule from government about bitcoin tax because in my opinion each tax need a government rule

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Quote from: delliaerd on December 02, 2016, 05:42:20 AM

Quote from: Liad.Services on December 02, 2016, 02:36:51 AM

You don't need to pay any tax for the government when dealing with bitcoins as it is not considered real money,only when you convert the bitcoins to real fiat then you may pay taxes.

If you by taxes you meant to fees,then yes,you need to pay a small fee for the miners for each transaction you make.

Yeah i couldn't agree more with you that bitcoin didn't cut for any tax . It is one of the advantage from using bitcoin.
And if you see every transactions bitcoin is only additional fees less than 1 dollars. Usually when i make a transactions around 10 - 30 dollars in bitcoin, the fees only 0.1 - 0.2 dollars and every my transactions has a different fees. But I didn't think it was a tax.

Even if you transfer more then that, the transaction fee remains the same.
It everything depends on the memory your transaction takes place, which is totally depends on the amount of outputs and the amount of inputs your transaction has.
Also if you have a multi-sig address, it may grow the transaction size and require you to add more fees to the tx.

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Quote from: equator on December 02, 2016, 06:40:37 AM

Quote from: CyberKuro on December 02, 2016, 06:32:48 AM

Quote from: Liad.Services on December 02, 2016, 02:36:51 AM

You don't need to pay any tax for the government when dealing with bitcoins as it is not considered real money,only when you convert the bitcoins to real fiat then you may pay taxes.

If you by taxes you meant to fees,then yes,you need to pay a small fee for the miners for each transaction you make.

Bitcoin could consider has tax if you send it (fees) as we know but in several countries which already have regulations about bitcoin, users indirectly pay the taxes if they deal with exchangers, but overall we can't avoid taxes if you do legal transaction in a country.

What you are saying is right. It is always good to show the entry in tax and pay tax according to it. In my country i show Bitcoin earning and Tradings as shortterm profit and loss. And balance which i keep in other Wallet i Show as Shortterm Investment and pay tax according to it.

Wow, you're being honest dude. I don't know in my country if they are really that strict to require bitcoin earners to declare their earnings and pay taxes on it. I have no idea because I do not pay taxes with my earnings here but my salary was deducted with tax so I guess that would already be enough to comply with the existing tax laws. At the end of the day, I can still call my self compliant enough.

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Quote from: CyberKuro on December 02, 2016, 06:32:48 AM

Quote from: Liad.Services on December 02, 2016, 02:36:51 AM

You don't need to pay any tax for the government when dealing with bitcoins as it is not considered real money,only when you convert the bitcoins to real fiat then you may pay taxes.

If you by taxes you meant to fees,then yes,you need to pay a small fee for the miners for each transaction you make.

Bitcoin could consider has tax if you send it (fees) as we know but in several countries which already have regulations about bitcoin, users indirectly pay the taxes if they deal with exchangers, but overall we can't avoid taxes if you do legal transaction in a country.

What you are saying is right. It is always good to show the entry in tax and pay tax according to it. In my country i show Bitcoin earning and Tradings as shortterm profit and loss. And balance which i keep in other Wallet i Show as Shortterm Investment and pay tax according to it.

CyberKuro

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Quote from: Liad.Services on December 02, 2016, 02:36:51 AM

You don't need to pay any tax for the government when dealing with bitcoins as it is not considered real money,only when you convert the bitcoins to real fiat then you may pay taxes.

If you by taxes you meant to fees,then yes,you need to pay a small fee for the miners for each transaction you make.

Bitcoin could consider has tax if you send it (fees) as we know but in several countries which already have regulations about bitcoin, users indirectly pay the taxes if they deal with exchangers, but overall we can't avoid taxes if you do legal transaction in a country.

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Quote from: altcoinnxt on December 02, 2016, 06:18:40 AM

In my country, as of now bitcoin don't have any tax. Maybe if bitcoin is recognize by a government to be a legal Curency in a country, i think thats that time bitcoin have a tax.

Every time we transfer money or bitcoins we pay something, they call that transactions fees. Its something like a tax and that will always be present, we can call it with other names but it is the same thing.
In country I live in there is no law about bitcoins, and when I asked people from my place how they sell bitcoins for our currency they tell me they pay just transaction fees and exchange fees, and all that can goes to 7 %. What they can do more, if they tax bitcoin with additional 20 % that will be a lot.

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In my country, as of now bitcoin don't have any tax. Maybe if bitcoin is recognize by a government to be a legal Curency in a country, i think thats that time bitcoin have a tax.

delliaerd

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Quote from: Liad.Services on December 02, 2016, 02:36:51 AM

You don't need to pay any tax for the government when dealing with bitcoins as it is not considered real money,only when you convert the bitcoins to real fiat then you may pay taxes.

If you by taxes you meant to fees,then yes,you need to pay a small fee for the miners for each transaction you make.

Yeah i couldn't agree more with you that bitcoin didn't cut for any tax . It is one of the advantage from using bitcoin.
And if you see every transactions bitcoin is only additional fees less than 1 dollars. Usually when i make a transactions around 10 - 30 dollars in bitcoin, the fees only 0.1 - 0.2 dollars and every my transactions has a different fees. But I didn't think it was a tax.

Liad.Services

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You don't need to pay any tax for the government when dealing with bitcoins as it is not considered real money,only when you convert the bitcoins to real fiat then you may pay taxes.

If you by taxes you meant to fees,then yes,you need to pay a small fee for the miners for each transaction you make.

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To the best of my knowledge there are no direct or indirect taxes on bitcoin here in my country but rumors has it that there's gonna be taxes on the holding of bitcoins soon considering bitcoins as assets. That's all I know till now. I'll keep updating you guys as I come to know some new developments in this regard.

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Quote from: Positid on December 02, 2016, 01:59:36 AM

Quote from: jak3 on December 01, 2016, 07:35:45 PM

no there is no type of tax or excess charges while transfering your coins all it have is a mining fees which is a verification step made for keeping the balance in bitcoin system and side by side also helps verifying each and every single transaction and this fees is also adjustable according to users need

It's definitely the mining fee not the tax. I do not mind it as it's only a small amount of charge compared to using a other legitimate online processor that they would charge you base on the amount transacted.

Yeah , both of you right but still I am not sure that there is no tax for Bitcoin . For example if we made the deal with a Bitcoin trader then he will make buy/sell Bitcoin online with his bank money so he needs to pay tax for that fiat money deal ( for Bitcoin ) because his daily give/take will make his income very big that will be result onto tax to make your deal legit .

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Quote from: jak3 on December 01, 2016, 07:35:45 PM

no there is no type of tax or excess charges while transfering your coins all it have is a mining fees which is a verification step made for keeping the balance in bitcoin system and side by side also helps verifying each and every single transaction and this fees is also adjustable according to users need

It's definitely the mining fee not the tax. I do not mind it as it's only a small amount of charge compared to using a other legitimate online processor that they would charge you base on the amount transacted.

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no there is no type of tax or excess charges while transfering your coins all it have is a mining fees which is a verification step made for keeping the balance in bitcoin system and side by side also helps verifying each and every single transaction and this fees is also adjustable according to users need

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