I dont think there is a tax on bitcoin in the Uk but in the future there my be some sort of it..
I think even if in the future though, bitcoin will not be given a tax. bitcoin system will not change until whenever. bitcoin will always be decentralized and will not be changed and the tax will not be imposed 
Topic: Do Bitcoins have Tax?? - page 18. (Read 40193 times)
I dont think so. Because yesterdag I withdrawn My bitcoin and converted into cash yesterday using bitcoin atm. And The fee is 5% that is quite big. I dont know where the 5% belongs is it for the transaction fee of blockchain or is it the tax of the bitcoin atm machine. It was my first time yesterday thats why I didnt know where my 5% goes.
Lol of course it is a fee that is used by the atm, ATM as like an exchange, when you tried to do withdraw surely you will be given a few percent fee. I think atm bitcoin also like that although I've never used it. but I'm pretty sure it is a fee of bitcoin ATM that you use instead of a government tax Lol
I heard italy is going to levy tax on Bitcoin earnings.Some other governments are also discussing about how to impose tax on Bitcoins.Now, we dont pay tax for Bitcoin earnings, but only pay tax when we convert fiat to BTC or BTC to fiat.
it would be better if you ask a bitcoin users from Italy, is that true or not? I think everyone would be charged a fee when they withdraw their money from the exchange to their bank? I think it is not a tax, but a fee is given from the exchange sites because you do withdraw, I think all exchange sites around the world do thatI heard italy is going to levy tax on Bitcoin earnings.Some other governments are also discussing about how to impose tax on Bitcoins.Now, we dont pay tax for Bitcoin earnings, but only pay tax when we convert fiat to BTC or BTC to fiat.
it would be better if you ask a bitcoin users from Italy, is that true or not? I think everyone would be charged a fee when they withdraw their money from the exchange to their bank? I think it is not a tax, but a fee is given from the exchange sites because you do withdraw, I think all exchange sites around the world do that
No bitcoin doesn't have taxes. You might be thinking that bitcoin is a internet money so to convert bitcoin into real money we would have to pay taxes but there is nothing like that. You could sell your bitcoin to trader or you could also sell in exchange site to get paid in real money or whatever they pay
No, bitcoin has no tax. Tax is only run and manage by government, while bitcoin is a cryptocurrency which no one has control with it.
We only pay for fee when we do transactions with bitcoin, other than that we don't have to pay for anything or anyone.
We only pay for fee when we do transactions with bitcoin, other than that we don't have to pay for anything or anyone.
If you buy a car, you have to declare yours bitcoins so the government will tax you
So you can have bitcoins without payng taxes but if you go to spend a lot of money, for sure you will pay taxes to the govern.
No, bitcoin has no tax. Tax is only run and manage by government, while bitcoin is a cryptocurrency which no one has control with it.
We only pay for fee when we do transactions with bitcoin, other than that we don't have to pay for anything or anyone.
We only pay for fee when we do transactions with bitcoin, other than that we don't have to pay for anything or anyone.
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Where do these Tax go?Government? And what kind of tax is it??
The transaction "tax" you are reffering to isnt really a tax. Its a fee that goes towards paying the miners for confirming your transaction. I would not really consider it a tax, more like a payment to keep bitcoin secure.
Hmm, I didn't know about it. So, we are paying the transaction taxes to the miners. So, looks they are making a lot of profit... Aren't they like the banks making profit with our transactions everytime? What do you think?
I dont think there is a tax on bitcoin in the Uk but in the future there my be some sort of it..
I heard italy is going to levy tax on Bitcoin earnings.Some other governments are also discussing about how to impose tax on Bitcoins.
In fact, there are a lot countries already that require you to pay tax over your holdings and your profits. The governments in these countries however depend on your honesty as you are responsible for declaring all your holdings and profits. Obviously, barely anyone will actually declare what they have or what they gained. I don't declare anything either.
Now, we dont pay tax for Bitcoin earnings, but only pay tax when we convert fiat to BTC or BTC to fiat.
Bitcoin is money, so in that regard, you will have to pay tax anyway. You converting your coins to fiat, or vice versa, it doesn't matter. At least, not in most countries. Governments are only interested in people paying as much tax as possible. They don't care whether you're a millionaire in fiat, or just with your Bitcoin holdings. Paying tax over that amount is something you can't avoid. On the other hand.... If you had that million purely in Bitcoin, you could choose to keep it in the background and don't declare anything.
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Where do these Tax go?Government? And what kind of tax is it??
The transaction "tax" you are reffering to isnt really a tax. Its a fee that goes towards paying the miners for confirming your transaction. I would not really consider it a tax, more like a payment to keep bitcoin secure.
I heard italy is going to levy tax on Bitcoin earnings.Some other governments are also discussing about how to impose tax on Bitcoins.Now, we dont pay tax for Bitcoin earnings, but only pay tax when we convert fiat to BTC or BTC to fiat.
I dont think so. Because yesterdag I withdrawn My bitcoin and converted into cash yesterday using bitcoin atm. And The fee is 5% that is quite big. I dont know where the 5% belongs is it for the transaction fee of blockchain or is it the tax of the bitcoin atm machine. It was my first time yesterday thats why I didnt know where my 5% goes.
That charges should be a transaction fee charged by the bitcoin debit card provider but neither bitcoin nor blockchain tax. I was wondering if you do know the terms of services of the the card provider you ate using,did you confirm it ? Bitcoin has no tax because it is not regulated and under the custody of the government. We are independent here and we have all the freedom to do whatever we want with our bitcoin. NO tax is good as more income equals more money.
Yup its better answer, There is no tax for bitcoins but when transferring the bitcoin from one wallet to another wallet, Just you need a pay a minimum fees atleast. When its become legal may be that time bitcoin will be also under tax. Who knows!!!
Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
If the currency is not relating to government at all then how come the fees from transactions go to a government? They are simply added to blocks which miners solve and get rewards... those bitcoins from transactions goes to miners i guess... someone correct me if i'm mistaken...
The fees are that are charged in bitcoin transactions are meant for miners. There is no government involved in bitcoin mining. Secondly, no government has recognized the use of bitcoin as a legal tender, therefore, there are no taxes. However, a few governments are contemplating laying down regulations for the use of bitcoin. Once this will be passed, it will mean that bitcoin has been recognized and therefore taxes will be imposed.
Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
If the currency is not relating to government at all then how come the fees from transactions go to a government? They are simply added to blocks which miners solve and get rewards... those bitcoins from transactions goes to miners i guess... someone correct me if i'm mistaken...
Bitcoin has no tax because it is not regulated and under the custody of the government. We are independent here and we have all the freedom to do whatever we want with our bitcoin. NO tax is good as more income equals more money.
That's a lovely sentiment. But completely incorrect. You may want to talk to your tax preparer before you get hopelessly in debt over your capitol gains taxes. Remember that all transactions are recorded forever. Haha yeah, if the government decided to go for the bitcoin tax and since third party processor gets your identity when encashing bitcoin, you will have no excuse because of the public ledger called blockchain that has all your transaction history and can be easily seen by simply getting your wallet address and view it's history.
Bitcoin has no tax because it is not regulated and under the custody of the government. We are independent here and we have all the freedom to do whatever we want with our bitcoin. NO tax is good as more income equals more money.
That's a lovely sentiment. But completely incorrect. You may want to talk to your tax preparer before you get hopelessly in debt over your capitol gains taxes. Remember that all transactions are recorded forever. 
Bitcoin has no tax because it is not regulated and under the custody of the government. We are independent here and we have all the freedom to do whatever we want with our bitcoin. NO tax is good as more income equals more money.
Yeah I think the same, bitcoin is not controlled by anyone or any government so how can some one put a tax on bitcoin. Its tax-free is one of the main reasons why I use bitcoin so I think it should not be restricted by any law that says bitcoin has tax. Although I know there are a few countries that have tax for bitcoin, I think they should change their mind 
Bitcoin has no tax because it is not regulated and under the custody of the government. We are independent here and we have all the freedom to do whatever we want with our bitcoin. NO tax is good as more income equals more money.
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