so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by gov on my bitcoin property ?
Actually yes we have to pay taxes for Bitcoin in our own country. The tax is mandatory and we have to pay if we do not want to be sanctioned. We must obey the rules that exist in our country. I'm sure the income from Bitcoin is huge too and if we pay our taxes we will not lose. 
Topic: do i have to pay tax on bitcoins ? (Read 28295 times)
It can be called a transaction tax that you pay miners, with each committed transaction you pay a small part of bitcoin
In my opinion there is no tax in bitcoin only the fee for transaction that you should pay for every transaction.. but there is online wallet site that you dont need to pay for fees for every transaction ..
Yes, there is no tax that we have to pay on bitcoin it only occur when you are making transaction there is a little amount to be paid or what we called transaction fees.
Actually paying tax depends on your Government's policy. If they take external source of income in tax boundaries then you have to pay tax as you earn from bitcoins.
It is taxable and it is necessary to define al the details and requirements depending on the country you live in.
so I wanna know do I really have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do I have to care about any legal action by gov on my bitcoin property?
If in your country is required to pay taxes for Bitcoin so inevitably you have to keep paying taxes. Because it means a rule-governed by your country and if you violate it will definitely get sanctioned.Well that's right though i don't think there's currently an existing law anywhere about obliging anyone to pay taxes for crypto. I think korea has a law already being studied on how to tax traders but it mat take some time before it can be implimented
In my opinion there is no tax in bitcoin only the fee for transaction that you should pay for every transaction.. but there is online wallet site that you dont need to pay for fees for every transaction ..
until now only countries that have received bitcoin may apply the tax laws in bitcoin by applying a very strict KYC system but so far the taxation system is stunningly good because we get the government's attention in transactions and prospects of governance law bitcoin
so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by gov on my bitcoin property ?
Its not necessarily needed if your government has not yet accepted / recognized bitcoin in your country. When bitcoin is exchanged into your local fiat and fiat is spend, you are directly paying tax for any goods you purchase. Thats more than enough.
If bitcoin is untaxable then also traders transaction.
so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by gov on my bitcoin property ?
Its not necessarily needed if your government has not yet accepted / recognized bitcoin in your country. When bitcoin is exchanged into your local fiat and fiat is spend, you are directly paying tax for any goods you purchase. Thats more than enough.
I'm sure not. Because bitcoin is not controlled by any state or international financial institution. Bitcoin belongs to everyone in this world.
so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by gov on my bitcoin property ?
If your government recognize bitcoin as one of the legal currency in your country and at the same time imposed tax on every bitcoin transaction, then you must follow the law and pay the tax according the law. Failure to follow it might result to some legal problems. Some countries like the United States imposed some strict laws on transaction tax for bitcoin while others imposed some regulations to monitor the transactions of bitcoin exchanges.
so I wanna know do I really have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do I have to care about any legal action by gov on my bitcoin property?
If in your country is required to pay taxes for Bitcoin so inevitably you have to keep paying taxes. Because it means a rule-governed by your country and if you violate it will definitely get sanctioned.Well that's right though i don't think there's currently an existing law anywhere about obliging anyone to pay taxes for crypto. I think korea has a law already being studied on how to tax traders but it mat take some time before it can be implimented
We don"t pay tax on bitcoin because Government declare's it illegal, but the truth is that we still pay tax on internet connection, office, bank's which we use for withdrawing our Bitcoin, seriously if u ask me indirectly we are paying tax.
In my own knowledge, there is still no country that has made a law to include bitcoin for tax purposes. Before bitcoin can be taxed, the government should first acknowledge it as currency used in that state.
I think. whatever you accept as payment for things or services is usually taxable income if it is definitely exempted. But there is no assessment or tax in bitcoin just the charge for the exchange, that you ought to pay for each exchange. Laws and tax assessment rules change from country to country.
Who ?
It depends on your jurisdiction. Some consider it property, some currency, some don't have rules about it. Your best bet is to lookup some local financial laws; or better yet, if you have a large amount of bitcoin, a lawyer.
so I wanna know do I really have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do I have to care about any legal action by gov on my bitcoin property?
If in your country is required to pay taxes for Bitcoin so inevitably you have to keep paying taxes. Because it means a rule-governed by your country and if you violate it will definitely get sanctioned.
as far as I know during this bitcoin investment is not taxable. As Bitcoin in the country of Indonesia touted as one of the largest digital currency. indeed all taxable, but the tax payment is the obligation of each bitcoin investor
Jump to: