Topic: Do Bitcoins have Tax?? - page 44. (Read 40195 times)
We'll find our way to buying big items with our bitcoin conveniently, just like we did with small purchases using a prepaid card. Give it time.
No tax and I hope it stay as it is but I think it won't be taxed as there's no governing body to see things through.
There's no tax in bitcoin. Because we have no government to use bitcoin. the only fee we need to pay is the fee for transaction.
In our real money or fiat they have a tax because its government involve..
If you exchange it to fiat for our local exchanger you deducted for tax but here bitcoin to bitcoin there's no tax..
In our real money or fiat they have a tax because its government involve..
If you exchange it to fiat for our local exchanger you deducted for tax but here bitcoin to bitcoin there's no tax..
Bitcoin is not taxed at all and whatever we earn in bitcoin stays the same unless we trade and increase it. Holding in bitcoin is absolutely tax free but trading or converting into fiat may attract taxes in most of the countries.
As bitcoins exchanges become more regulated, we might see some tax on buying/selling and we might be asked from where we acquired the coins, if we're selling i.e. and nothing wrong with that.
yes anything you gain from price increases you have to pay tax on atleast here in sweden , its 30%
Till there is no taxes on bitcoin we can enjoy.
I doubt we will ever see this, but if happens ,
it won't destroy bitcoin probably will be adopted massively
( taxation=acceptance from government).
What do you think?
I doubt we will ever see this, but if happens ,
it won't destroy bitcoin probably will be adopted massively
( taxation=acceptance from government).
What do you think?
Even if you don't report that you have Bitcoin to the goverment, in the future, let's say it goes to 10K per coin and you want to sell some to buy a car... well, there is no way around it, you will need to get those 10K taxed and explain where the Bitcoin came from to the goverment, because you can't get away with buying a car without telling the goverment, and let alone a house, so your untaxed Bitcoin are only useful to buy small stuff, if you want cars and houses, it's impossible that the goverment doesn't end up knowing about it.
So my question is, should we report all of our BTC now, or should we do it with only the amount we are interested in selling, and do it in the future when we want to sell that amount to buy something and not now? cause I just dont like the idea of the goverment knowing my total amount of BTC holdings (its not much but in the future it may be a lot).
So my question is, should we report all of our BTC now, or should we do it with only the amount we are interested in selling, and do it in the future when we want to sell that amount to buy something and not now? cause I just dont like the idea of the goverment knowing my total amount of BTC holdings (its not much but in the future it may be a lot).
In my country, there ain't any taxes and everybody here is warned not to trade Bitcoins as it is the most volatile currency and our Reserve Bank says that "we should not invest what we cannot afford to lose"... 
No taxes at all That's a great thing as in my country we have to pay too many taxes. Whether it's on our medical bills, restaurant bills, shopping bills and almost each and every thing has a 12.5% tax plus our normal taxes. For me, bitcoins are the best as I save my money in bitcoins and don't need to pay taxes on it but for spending them, I need to pay those taxes. I can only save Income Tax. 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??
not for now,but i believe that some years later some countries will create rules about bitcoin tax,esspesially tax for people who have big amount of bitcoin. 
Bitcoins can't be taxed. The fiat that you get when trading bitcoins, either buying or selling, that one can be taxed.
Governments only tax fiat money.
Now, if you run an illegal website or something, they will just seize your bitcoins when they raid and confiscate your server.
Governments only tax fiat money.
Now, if you run an illegal website or something, they will just seize your bitcoins when they raid and confiscate your server.
Bitcoins aren't recognized by the Government and there are no taxes involved hence. We only need to pay a fee for our transactions to get confirmed and if we use wallets like xapo/coinbase, we don't need to pay the fee as well. However, it's not possible for us to keep holding bitcoins forever in our wallet and whenever we convert it into fiat, we need to pay taxes applied by the bank.
Situation is different from place to place..
I'm glad i don't have tax on bitcoin..I don't trust to system anyway
so im buying and selling face to face ..
I'm glad i don't have tax on bitcoin..I don't trust to system anyway
so im buying and selling face to face ..
There is not tax up here in Canada. I vaguely remember however there being taxes currency in Brazil. I agree that Bitcoin is money and should not be taxed. I do think however governments should leave the currency alone. The fed is stealing a lot of money from the working class.
Seriously?
How do they tax it in Brazil? Everytime you buy it? You spend it?
How can you make this work? :p
I am glad to live in a country where I can sell the BTC via Western Union, Moneygram, and every e-payment processor, and get the money without anyone asking me where did this money come from.
Maximum per year money that you are not taxed is 20.000 USD via Western Union, or at least used to be, don't know for real now , all I know I am safe in this tax thing.
Maximum per year money that you are not taxed is 20.000 USD via Western Union, or at least used to be, don't know for real now , all I know I am safe in this tax thing.
No, 100% no tax 
In europe there is no tax for the bitcoins at all what is pretty sweet.
Altough in america its more difficult to gain bitcoins with higher amounts.
Yes there is. In Norway there is. And Norway is a part of Europe. We have taxes for what you earn trading (you will also get tax deduction if you loose). And you will have to pay tax for the amount you have in the end of the year. The problem is that they depend on honest souls to report their earnings to the state.Altough in america its more difficult to gain bitcoins with higher amounts.
There is no tax imposed on bitcoin. Some countries have strict regulations which are just to reduce the use of bitcoin. Tax issues has not arise yet just because bitcoin is decentralized.
Some countries has tax on bitcoins. As I explained above. 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??
if you are running a business like selling stuff online and receiving money in form of bitcoin, (depending on your country) you must pay taxes for your business.
you can search about problems that some users had with law enforcement because of not paying taxes and they were finned.
It will differ from country to country, but in most countries you only start paying taxes once you received some kind of profit from it. Also called Capital Gains. If I bought $1000 worth of Bitcoin and it sits there and I do not use it, no tax can be taken from it. The moment when I sell it for $2000, I have to declare that profit <$1000> as Capital Gain.
In many countries people spend the bitcoins at merchants who accepts Bitcoin as payment and then they pay VAT on those goods or service or items.
The government gets it's share no matter what you do with your bitcoins.
In many countries people spend the bitcoins at merchants who accepts Bitcoin as payment and then they pay VAT on those goods or service or items.
The government gets it's share no matter what you do with your bitcoins.
I haven't heard of any country that started taxation on Bitcoin but I heard the Russian government wants to regulate Bitcoin not sure about the Chinese.
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