Do Bitcoins have Tax?? - page 38. | Bitcointalksearch.org

ning_chang

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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??

for me there is no tax bitcoin because everytime I also withdrawn. I have paid tax. except in his payment, now even more bitcoin to declare them tax😂😂😂

Sled

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I think the only tax that i know that bitcoin have is the tax on transaction like sending and receiving bitcoin because we paid miners to make a confirmation for the transactions that we made so for me it's what we called tax in the cryptocurrency named "Bitcoin".

posternat

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Quote from: sulendra12 on June 25, 2016, 04:55:07 AM

I saw the article , when you want to withdraw your bitcoin in france you must pay the tax and must printed out the invoice
of your earning like trading , profit , etc (CMIIW)

Bitcoin does have taxes in bitcoin to bitcoin transaction but if you involve Fiat with bitcoins then of course you have to pay the Fiat fee as imposed the the regularities.

partysaurus

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Quote from: StoreBit on June 25, 2016, 05:31:55 AM

Quote from: yenxz on February 11, 2016, 12:17:57 PM

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??

so far bitcoin have no tax,and since bitcoin founded. but i believe in some countries,bitcoin is considering to have tax,and also happen in my country.

i am hearing this for the first time that some countries have taxes on bitcon. i don't think so that it is a fact. because i have yet not hear about any country who have legalize bitcoin then how can they impose tax on bitcoin. the trisection tax is received by the transection companies. they pay for their staff from these taxes and full fill other expenses.

sweden have tax on bitcoin you can read about it on "skatteverket" our tax office of sort. and its 30 % :S

Daneric

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Personally, I have never heard of bitcoins being taxed. But what I know is that once it is declared as income, then the taxman will come in with his blaring teeth to take his share. In my country, you cannot be taxed for bitcoins because it is not recognized as a form of currency. in fact the bitcoin exchanges available here are operating illegally.

BitcoinPC

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Quote from: Nowl1935 on June 25, 2016, 04:15:57 AM

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??

Yeah, bitcoin doesn't have tax, but the transactions does. You can see the fee on the page of the blockchain.

Bitcoin does not have taxes and that the best thing i like about bitcoin. Transaction fee is there but it is very minimal. I use both Desktop and online wallet like XAPO. Xapo offers no transaction fee. So i move some funds out of my desktop wallet and put it in Xapo for day to day transactions and enjoy zero Tx fee.

StoreBit

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Quote from: yenxz on February 11, 2016, 12:17:57 PM

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??

so far bitcoin have no tax,and since bitcoin founded. but i believe in some countries,bitcoin is considering to have tax,and also happen in my country.

i am hearing this for the first time that some countries have taxes on bitcon. i don't think so that it is a fact. because i have yet not hear about any country who have legalize bitcoin then how can they impose tax on bitcoin. the trisection tax is received by the transection companies. they pay for their staff from these taxes and full fill other expenses.

JesusHadAegis

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Quote from: sulendra12 on June 25, 2016, 04:55:07 AM

I saw the article , when you want to withdraw your bitcoin in france you must pay the tax and must printed out the invoice
of your earning like trading , profit , etc (CMIIW)

I think because it will be converted to there currency.

In most country btc is not taxable because its not handled by government. But once the government can get a hold of btc they can get tax. But i don't that comming because

Quote from: Nowl1935 on June 25, 2016, 04:15:57 AM

Yeah, bitcoin doesn't have tax, but the transactions does. You can see the fee on the page of the blockchain.

Yes but i think it is just so low. Because all transaction in every way has payment.

sulendra12

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I saw the article , when you want to withdraw your bitcoin in france you must pay the tax and must printed out the invoice
of your earning like trading , profit , etc (CMIIW)

Nowl1935

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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??

Yeah, bitcoin doesn't have tax, but the transactions does. You can see the fee on the page of the blockchain.

ekoice

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I heard some countries have strict tax policies but still bitcoin has no tax since its a virtual currency with no tax at allbut when you transfer money then might need to pay tax but for bitcoins i think no tax in whole world at the moment.

Beam

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Afiak Bitcoin is considered as internet/digital token by the government, so it isn't taxable and also you don't have to take any license for a service that you want to provide in exchange for bitcoins. But if you are converting bitcoins -> Fiat then it is mandatory to pay tax on it.

limaphii

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A good rule when it comes to to irs is if you make over 1000 you should claim taxes. Just to keep irs out of your shit

thejaytiesto

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Honestly I don't know how it even works, it's so confusing. Im still trying to learn Bitcoin itself to get involved with taxes. In any case, I have never sold Bitcoin, so I don't think I have to report anything until I sell enough amount that it has to be taxed, but if I sell 100 bucks in Bitcoin to buy something I doubt you have to report this.

limaphii

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I live in New York and since I make money trading bitcoin I have to pay a capital gains tax. Between the fed and state taxes its almost 30% on my profits

BitcoinsGreat

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Quote from: JeanMcCoy on April 17, 2016, 11:06:45 AM

It depends by country. In my country the governement taxes income. So at the end of the year i have to declare my bitcoin income.
Products etc. are not taxed btw.

Bitcoins dont have taxes. so thats the best feature of bitcoins Wink

bamboylee

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In our country, bitcoin earning is not taxed unless you convert it to fiat and declare it in your income. Otherwise, you can easily avoid tax. Of course, if you convert to fiat and buy something, you are already giving taxes to.the goverment thru vat. So I think it is okay. The government still gets something from bitcoin earnings.

Viyamore

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I think bitcoins have no taxes but it also depends on the government in which they already known and doing something to earn also on bitcoins . In my country there's only a fee on withdrawal and cash in of bitcoins.i think that is called tax? If i am not wrong.

biggbox

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I believe some members here got into trouble with tax authorities over the sales of Bitcoins. And the laws differ from state to state?

romero121

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I believe bitcoin doesn't have tax. Tax free access is one of the major factor which has attracted lot users towards bitcoin. In some countries this has become a big problem for government.

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