Yes, they do have. When you change them for local currency, you need to pay tax. Size of tax deppends from country...
I never experience such, when I think of exchanging my bitcoin to fiat I only need to sold my bitcoin with the current price. There was never a time that I paid taxes for exchanging to fit, and I think this will be the best benefit of using bitcoin to be tax free. Despite of that, I am still not confident this will continue as our government is already looking to tax our transactions with bitcoin, and until the law is not yet published we continue to enjoy the tax free system. 
Topic: Do Bitcoins have Tax?? - page 5. (Read 40193 times)
Yes, they do have. When you change them for local currency, you need to pay tax. Size of tax deppends from country...
It's not income tax, and it will not go to the government. It's just a transaction tax means in which you will exchange your bitcoin to fiat currency they will take a commission in the form of tax that's it. If it has tax, then the Bitcoin will become legal currency. But it is not legal currency why because there is no income from Bitcoin to governments.
Yes, they do have. When you change them for local currency, you need to pay tax. Size of tax deppends from country...
It's not income tax, and it will not go to the government. It's just a transaction tax means in which you will exchange your bitcoin to fiat currency they will take a commission in the form of tax that's it. If it has tax, then the Bitcoin will become legal currency. But it is not legal currency why because there is no income from Bitcoin to governments.
Yes, they do have. When you change them for local currency, you need to pay tax. Size of tax deppends from country...
Probably the same rules as Apple holding its profits offshore - when you change it back into your local currency, you pay tax on it.
I think when you convert bitcoin to fiat you will be charged a fee. for the amount fee it will depend on each exchange that you use. but it is not a tax by the government when you convert it to a fiat
You would think they would only tax you if you're exchanging btc for fiat or fiat for btc, but apparently miners in the usa have to recognize the coins at their value the day that they were mined and pay taxes on them. How they plan on enforcing that one I have no idea.
Probably the same rules as Apple holding its profits offshore - when you change it back into your local currency, you pay tax on it.
I think when you convert bitcoin to fiat you will be charged a fee. for the amount fee it will depend on each exchange that you use. but it is not a tax by the government when you convert it to a fiat
Probably the same rules as Apple holding its profits offshore - when you change it back into your local currency, you pay tax on it.
I think when you convert bitcoin to fiat you will be charged a fee. for the amount fee it will depend on each exchange that you use. but it is not a tax by the government when you convert it to a fiat
if you dont share the information of you having bitcoin to the government and dont convert it to fiat, you wont have to pay any taxes on the amount of the asset you have. Buy directly with bitcoin and you should be good. Newegg.com accepts bitcoin. have fun
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
yes that is a fact tat still there is no tax on bitcoin, actually mostly taxes are collected by the government and government applement tax on those items which are legalize, as still bitcoin is not a legalize currency therefore there is no rax on bitcoin and when it will become a legal currency then government will be thinking to put tax on it,What in the hell is a fact tat or a government applement tax and how can you be sure there's no rax on bitcoin? Drugs can kill you dude. Be careful.
I have heard that in Russia are going to appear a new law that controls bitcoin already this spring. They will fix in that law the obligation to pay taxes for bitcoin users, the same kind of taxes as business mans pay from their profit.
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
yes that is a fact tat still there is no tax on bitcoin, actually mostly taxes are collected by the government and government applement tax on those items which are legalize, as still bitcoin is not a legalize currency therefore there is no rax on bitcoin and when it will become a legal currency then government will be thinking to put tax on it,This fee isn't really necessary. You can pay it only if you wish and as much as you wish: you can go even with 1000 satoshis which is under $0.0088 at the moment if you don't need a fast-confirming transaction. The websites usually show that "it might never get confirmed" but I think it will, but after a much longer time. For paper wallets that wouldn't hurt me - they can get confirmed even in one month, I want to store them for a long term.
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
yes that is a fact tat still there is no tax on bitcoin, actually mostly taxes are collected by the government and government applement tax on those items which are legalize, as still bitcoin is not a legalize currency therefore there is no rax on bitcoin and when it will become a legal currency then government will be thinking to put tax on it,This fee isn't really necessary. You can pay it only if you wish and as much as you wish: you can go even with 1000 satoshis which is under $0.0088 at the moment if you don't need a fast-confirming transaction. The websites usually show that "it might never get confirmed" but I think it will, but after a much longer time. For paper wallets that wouldn't hurt me - they can get confirmed even in one month, I want to store them for a long term.
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
yes that is a fact tat still there is no tax on bitcoin, actually mostly taxes are collected by the government and government applement tax on those items which are legalize, as still bitcoin is not a legalize currency therefore there is no rax on bitcoin and when it will become a legal currency then government will be thinking to put tax on it, 
Bitcoins has no tax. But after I read some books pertaining bitcoin and the government there are ways wherein bitcoin can be taxed. Bitcoin usage cannot be taxed but the moment we exchange bitcoin into cash through escrow company a part of it goes to tax but we only see service charge. If we purchase things using bitcoin to a friend then it has no tax but if we purchase to a registered company items using bitcoins, the tax is embedded in the value. And so though not directly some of our bitcoins transactions are already taxed without us knowing.
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
true. The tax on bitcoin will never be implemented into bitcoin, although the government is trying to implement. then it will never work for bitcoinAs quoted the taxation over bitcoin will not be effective compared to the other transaction. Only based upon the transaction taxes might get levied. More countries fear of legalizing bitcoin just because of the taxation issue.
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
true. The tax on bitcoin will never be implemented into bitcoin, although the government is trying to implement. then it will never work for bitcoinI agree and I think we are paying tax from it upon exchanging it to our own fiat and withdraw it that is the time the tax exist ! While if your money is in bitcoin yet then there is no tax literally ! And lets hope that the government will not put tax on it but I think they will put tax on it if it is very popular soon and most of us using it
It is true that holding bitcoin is not taxable only the fiat transaction are under tax and even the traders who are buying through fiat currency , they also have to show the trades in the tax as you have used fiat currency to buy and sell the bitcoins so it is taxable. I think it is not wrong to show in tax until it is not declared illegal in any country, because if you are showing in tax it become legit way of trading.
Probably the same rules as Apple holding its profits offshore - when you change it back into your local currency, you pay tax on it.
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
true. The tax on bitcoin will never be implemented into bitcoin, although the government is trying to implement. then it will never work for bitcoinI agree and I think we are paying tax from it upon exchanging it to our own fiat and withdraw it that is the time the tax exist ! While if your money is in bitcoin yet then there is no tax literally ! And lets hope that the government will not put tax on it but I think they will put tax on it if it is very popular soon and most of us using it
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
true. The tax on bitcoin will never be implemented into bitcoin, although the government is trying to implement. then it will never work for bitcoin
Bitcoin has not taxes implemented. Bitcoin has fees for the transactions and those go to the miner, that mind the block your transaction is in. Using bit you will still have to pay taxes, but they are not implemented in and never will be.
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