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Topic: Do Bitcoins have Tax?? - page 22. (Read 40193 times)

hero member
Activity: 756
Merit: 504
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
hero member
Activity: 952
Merit: 503
October 21, 2016, 02:36:57 PM
its an internet currency not a real or a proper currency like countries have so there is no tax implementation .   
i think internet currency mean online currency but we are able to use bitcoin for direct or online shopping easily because bitcoin are going to advance and modern and i also using bitcoin in everywhere for shopping and bitcoin is available in all countries.
legendary
Activity: 3122
Merit: 1398
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October 21, 2016, 12:31:28 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.
newbie
Activity: 7
Merit: 0
October 21, 2016, 12:29:39 PM
its an internet currency not a real or a proper currency like countries have so there is no tax implementation .   
hero member
Activity: 1484
Merit: 624
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October 21, 2016, 12:22:25 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.
Only the fee for transaction we are need to pay to be sent.. maybe you are using some free transaction like coinbase.. and its impossible that there is fee for the tax since bitcoin is not assiociated with government,
hero member
Activity: 1806
Merit: 672
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.
hero member
Activity: 1330
Merit: 569
October 21, 2016, 12:00:24 PM
I dont think there will be anything like tax on bitcoin since its just an evolving area where countries are begining to take interest in and to those who have interest in it are trying to or intepreting it to be illegal and so discouraging their citizens from patronizing the coin how on earth will they now tax it? To the rest their laws as at the time it was enacted never imagine the existence of Bitcoin there would not have captured it into the tax net among other reasons. Let's say five to ten years from now, then we can have new laws or amendment to old ones to take care of Bitcoin.
legendary
Activity: 966
Merit: 1006
October 21, 2016, 11:54:44 AM
If bitcoin are subjected to tax than there will be not much support for bitcoin like it have right now and as bitcoin transaction is completely anonymous nobody gonna have to pay tax as it will be hard to find out the relation between the one who does that bitcoin transaction.
sr. member
Activity: 462
Merit: 250
October 21, 2016, 11:53:39 AM
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.
hero member
Activity: 1428
Merit: 506
October 21, 2016, 11:28:01 AM
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.
It's true that tranaction fee may somehow be called tax, but looking at it in other ways you get to know that the normal tax government charges is very high compared to the transaction fee charged by the bitcoin network which to me is very negligible so cannot be called a tax. Bitcoin is just a free world currency man.

I believed that bitcoin has no tax, it has a charge or fees when
doing withdrawal or transactions. But, i don't think governement
is in or collecting tax in the bitcoin world.
hero member
Activity: 1148
Merit: 528
October 21, 2016, 11:21:14 AM
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.
It's true that tranaction fee may somehow be called tax, but looking at it in other ways you get to know that the normal tax government charges is very high compared to the transaction fee charged by the bitcoin network which to me is very negligible so cannot be called a tax. Bitcoin is just a free world currency man.
legendary
Activity: 3276
Merit: 1029
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October 20, 2016, 08:12:54 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.
legendary
Activity: 1372
Merit: 1008
October 20, 2016, 06:34:26 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.
For now bitcoin still not government involve and i think its impossible that bitcoin will be involve in government unless if we force as to use bitcoin to accept it locally goverment will seen it if it will popular in our country. you know governments are corrupt..
If bitcoin steadily grown be a famous of course the government will think about how they can get tax from bitcoin because bitcoin transaction at this time was amazing.
I really think the government will think of how they can profit from a third party or foreign companies entering their country, I think if it can not be done of course the government will continue to ban the use of the bitcoin, but it is very difficult to do
newbie
Activity: 16
Merit: 0
October 20, 2016, 11:30:36 AM
No, there's no tax, and hopefully. Bitcoin is decentralised and has no other purpose than serve people. Being robbed won't serve us.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
October 20, 2016, 11:27:25 AM
In a few years I would guess that governments around the world will institute careful tracking of transaction on the blockchain and begin collecting all the taxes that should have been paid. Every detail of those transactions is recorded forever on the blockchain and are taxable in most every country. Those who deluded themselves into believing that they can't be taxed are going to be in a sorry state when they are billed for the principal, the penalties, the interest, and face possible jail time.
 Cry
full member
Activity: 126
Merit: 100
You have to get lost before you can find yourself.
October 20, 2016, 05:02:06 AM
interesting question, because what is the other way how goverment could collect budget?
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
October 20, 2016, 05:00:24 AM
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.
yeah true what you say that how the government could give tax to a person if the government does not know anyone bitcoin users, lol clear bitcoin tax will not be done, it is impossible to do

so what if the government targetting those merchants that enabling or implementing the bitcoin as their payment method for each transaction?, then taxing on bitcoin could possibly to be done,there's nothing impossible if it's about money for the government
legendary
Activity: 2492
Merit: 1145
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October 20, 2016, 04:56:51 AM
Bitcoin doesnt have tax but bitcoin have transaction fee depending on the transactions. Some of bitcoin applications have a free transaction rates. But I think bitcoin tax will soon be seen on bitcoin depending on a country
hero member
Activity: 994
Merit: 544
October 20, 2016, 04:41:31 AM
yes and i think that is the solid reason that why there is no tax on bitcoin and i will like to add that bitcoin is not yet consider as legal currency therefore not a single country has impose tax on bitcoin.
Bitcoin itself is not taxable and we enjoy that opportunity in our daily transactions. But the companies such as the exchangers pay taxes for doing business. So instead of usage tax there is only a business tax. But we as individuals are free from that tax and we must be thankful to that.
hero member
Activity: 490
Merit: 500
October 20, 2016, 04:24:15 AM
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.
yeah true what you say that how the government could give tax to a person if the government does not know anyone bitcoin users, lol clear bitcoin tax will not be done, it is impossible to do
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