Do Bitcoins have Tax?? - page 21. | Bitcointalksearch.org

ethereumhunter

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Quote from: genos on October 31, 2016, 08:35:20 PM

Quote from: TTMNewsK on October 31, 2016, 08:13:55 PM

It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

That only if you buy or sell in formal. But if you just make transaction for small home industry, I think goverment would not know that you make a transaction or not so you do not have to pay tax. Anyway goverment can not rule bitcoin and the users.

especially if you make withdraw for a big money, then it would make the bank company suspicious and ask you where you get those big money and maybe they will apply big tax for you but its not for your bitcoin. i really hope that government can not rule bitcoin and the user, but if we see on many aspect, there is always government wants to get involve no matter the way they still always wanted to get involved.

hajimasan

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Quote from: Jemzx00 on February 11, 2016, 10:40:17 AM

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??

actually no tax , but transaction charge is taken by the owner of bitcoin .
and here it is to be noticed that the transaction charge is only owned by the owner only and no tax is given by them to the government that is why the some of countries declare it as scam and illegal but in reality it is safe and best to use .

jak3

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no tax is a small charge taken by the government in order to develop the country but bitcoin is already developed and all you have to pay is miner fees but it depends on you how much fees you want to pay

BlokF4No27

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There are no tax on bitcoins as no one control the bitcoins there is no questions of tax. However transaction fees will always required as it will be the only income for the service provider.

genos

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Any store can buy, sell, and accept Crypto

Quote from: TTMNewsK on October 31, 2016, 08:13:55 PM

It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

That only if you buy or sell in formal. But if you just make transaction for small home industry, I think goverment would not know that you make a transaction or not so you do not have to pay tax. Anyway goverment can not rule bitcoin and the users.

Shady

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Life is a game, you either play it or get played.

Although there is no direct way to pay via tax forms or internal systems, the IRS (in America + foreign agencies.).. Either ban or impose taxes or usually through capital gains or other simple means excluding sales tax in current norms.

In no way does Bitcoin remain the exclusive coin for taxation, in most countries it'll be subject to all cryptocurrencies.

TTMNewsK

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It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

ajun96

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Quote from: amacar2 on October 19, 2016, 01:24:56 PM

Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.

true agree with you of course the government will not be able to force someone to pay taxes because he using bitcoin, the government will not know if you bitcoin users or not dude ? so you're very easy to not pay and avoid the tax ?
so I think this idea is impossible to be happen?

delliaerd

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Quote from: Indrawan77 on October 21, 2016, 08:11:50 PM

Quote from: BitHodler on October 21, 2016, 07:51:20 PM

Quote from: klf on October 21, 2016, 07:18:02 PM

Quote from: virusasog on October 21, 2016, 11:53:39 AM

Quote from: shinratensei_ on October 20, 2016, 08:12:54 PM

Quote from: amacar2 on October 19, 2016, 01:24:56 PM

Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.

Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us.

Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal.

What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account.

Cashing out coins to your bank account doesn't make any difference because of the fact that in most of the countries you have to pay tax over your coins no matter what.

Governments don't care what you do with your coins. Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money.

All your government cares about is that you pay tax according to what you own, trade, have sold, and the list goes on.

Yeah they don't care and they can't do anything when your bitcoin is still in your wallet, when you change it into fiat that is the time government going to taxed you, so if you don't change it to fiat then government can't tax you

The One best thing of bitcoin that I like is the anonimity, it is the advantage of using bitcoin. I think fee for minner is just the same as while we do a transactopn in bank but it is more lower fee. Blockchain is make a new system that make more dificulty to trace the history of transaction. So goverment still can not trace it and force bitcoin users to pay tax. Bitcoin is the best way to avoid tax by goverment. I think pay tax to minner is cheap enough, that is for their work. Although there is a tax like that in bitcoin, but bitcoin is still good to be a currency and an investment.

Indrawan77

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Quote from: BitHodler on October 21, 2016, 07:51:20 PM

Quote from: klf on October 21, 2016, 07:18:02 PM

Quote from: virusasog on October 21, 2016, 11:53:39 AM

Quote from: shinratensei_ on October 20, 2016, 08:12:54 PM

Quote from: amacar2 on October 19, 2016, 01:24:56 PM

Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.

Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us.

Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal.

What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account.

Cashing out coins to your bank account doesn't make any difference because of the fact that in most of the countries you have to pay tax over your coins no matter what.

Governments don't care what you do with your coins. Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money.

All your government cares about is that you pay tax according to what you own, trade, have sold, and the list goes on.

Yeah they don't care and they can't do anything when your bitcoin is still in your wallet, when you change it into fiat that is the time government going to taxed you, so if you don't change it to fiat then government can't tax you

BitHodler

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Quote from: klf on October 21, 2016, 07:18:02 PM

Quote from: virusasog on October 21, 2016, 11:53:39 AM

Quote from: shinratensei_ on October 20, 2016, 08:12:54 PM

Quote from: amacar2 on October 19, 2016, 01:24:56 PM

Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.

Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us.

Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal.

What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account.

Cashing out coins to your bank account doesn't make any difference because of the fact that in most of the countries you have to pay tax over your coins no matter what.

Governments don't care what you do with your coins. Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money.

All your government cares about is that you pay tax according to what you own, trade, have sold, and the list goes on.

klf

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Quote from: virusasog on October 21, 2016, 11:53:39 AM

Quote from: shinratensei_ on October 20, 2016, 08:12:54 PM

Quote from: amacar2 on October 19, 2016, 01:24:56 PM

Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.

Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us.

Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal.

What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account.

betohell

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Quote from: BitcoinMarshal on October 21, 2016, 02:41:07 PM

Its internet Currency and I don't think I have any tax in last few months for using this and no one can implement tax on this so surely answer is bitcoins have no tax

yeah I think the government will not be able to implement the tax into bitcoin, bitcoin very anonymous so I think they do not know where the user of their own country lol

th3nolo

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we can speak of two types of taxes in bitcoin, which they are paid to miners and those who are paid to exchanges.
Fee for miners is the incentive for your transaction be processed by the bitcoin network in less time. depending on the number of bits of your transaction.
Fee for exchanges, is the pay we do for the government regulations in some countries, generally is a low fee.

Skarner21

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Massive price drop coming...

Quote from: kampretosChoalathos on October 21, 2016, 05:35:04 PM

during bitcoin not yer in regulated in some country
bitcoin can't pay TAX
but in japan is ready regulated, marketplaced exchanger in japan is can TAX, in trading can fee to pay TAX

How did you know? i never heard any news about tax in bitcoin in japan.. i think its still not paying tax. since bitcoin still not accepting locally in that place.. unless if they are the same as brazil that has more than 150 stores are accepting bitcoin..

kampretosChoalathos

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during bitcoin not yer in regulated in some country
bitcoin can't pay TAX
but in japan is ready regulated, marketplaced exchanger in japan is can TAX, in trading can fee to pay TAX

apriloni

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i think bitcoin have not any tax and because bitcoin is not approved by any country but i think sooner many country approved the bitcoin and then tax will be apply on bitcoin and i think we can be also paying tax.

springgers

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Quote from: harizen on October 21, 2016, 12:31:28 PM

Quote from: Harlot on October 21, 2016, 12:13:09 PM

I don't know why your wallet charge you with something. But my wallet never charged me anything from sending or receiving bitcoin. Also the tax maybe from transactions are because of Value-added Tax in which the government applies tax to all products/businesses/services. Well it depends on your country if they enact a law about VAT.

Yes it depends on the country.

Like here in our country, one of the local exchanger here is a registered company meaning they are paying taxes in the goverment. Literally bitcoin has no tax but the exchange rate in that said exchange really has a far range of price compare in some of the exchanges. So I can considered that as paying tax in just a different form. But well no worries since their service really benefited us here.

Because it's money, you have to declare it if you have a lot of Bitcoins....
And well, the exchanges charge a tax because it's a service, for example they charge 1% because they are doing a work for you and maybe the bank charge another tax for the transaction...

Bitcoin itself just have transfer fees(low af).

zahra4577

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Quote from: Jemzx00 on February 11, 2016, 10:40:17 AM

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??

F
Transaction fee is distributed among miners who confirm the bitcoin transaction on blockchain.Without mining bitcoin will not move

richardsNY

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Quote from: BitcoinMarshal on October 21, 2016, 02:41:07 PM

Its internet Currency and I don't think I have any tax in last few months for using this and no one can implement tax on this so surely answer is bitcoins have no tax

It has nothing to do with implementing tax. It's all about your honesty when filling in your tax declarations. If you openly declare everything, then sure, you must pay tax. If you don't declare anything, then the government will not know about your holdings, and thus you don't pay tax. But of course this also depends on what country you are living in.

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