This thread has truly been a boon to account farmers:
hurain
Superbitzz
satdas
Dora Doll
Maesters1
Others
hurain
no we do not pay tax on bitcoin, actually our government has not yet declare bitcoin as legal currency therefore it is yet tax free, because there id no tax on any illegal object, but if the government will recognize it as legal then they will impost tax on bitcoin and every one will then pay tax,
i think it depend on your country polity if your country has decler bitcoin legal and imposed tax on bitcoin then surely you have to pay tax on bitcoin, otherwise there is no tax on bitcoin because in most of the area bitcoin is not legal and the country not yet consider bitcoin as legal currency.
if your country have impose tax on bitcoin then you have to pay tax otherwise there is no tax on bitcoin only those countries may be collecting tax on bitcoin who are already accepted bitcoin as legal currency.
i think it depend on the policy of your country, if your country imposed tax on bitcoin then you have to pay tax on it other wise there is no tax on bitcoin at all.
Superbitzz
but i think it is up to your country policy, if your country consider bitcoin as legal and then impost tax on it then you must have to pay tax on it ans you will have no other choice.
no it is not tax, it is just the fee you pay on transaction, the tax you have to pay to the government and government only impose tax on such things which are legal and do not impose tax on such item which are not legal, as bitcoin is still not consider as legal therefore there is no tax on bitcoin.
i think it depend on your country policy, if your country impose tax on bitcoin then you really have to pay tax on it but for this your country must have to declare bitcoin as a legal currency first.
yes that is right say you can buy more and more bitcoin and can hold it for a long time tell yo wan to keep, as there is no tax on bitcoin and no one has to pay tax on bitcoin tell the government impose tax on it.
yes that is a fact that every one has to pay tax on fiat currency, but it we talik about bitcoin so there is no tax on bitcoin because bitcoin is not a legal currency, and still not legalize by any country.
yes that is a fact and i thin still not a single country has impose tax on bitcoin and the reason is that not a single country yec turn bitcoin as legal currency therefore to me there is no tax on bitcoin.
satdas
it depend on the area and the country where you are living, if your country has imposed tax on bitcoin they you have to pay tax but i thin still not a single country has yet consider bitcoin as legal currency therefore there is still no tax on bitcoin.
but i think the government cannot develop a system to impost tax on bitcoin until they legalize it, and still i do not think that any country has officially legalize bitcoin, i think still any government given any statement about bitcoin that either it is a legal currency or not, and therefore still there is no tax on bitcoin. may be in future when government when the government will legalize bitcoin will think about to impose tax on bitcoin.
yes that is right to say, as not a single country has yest consider bitcoin as legal currency therefore they are not putting tax on bitcoin but once it become a legal currency then they will certainly put tax on bitcoin, may be some countries are thinking about this to legalize it, and if once it become a legal currency then it will become more and more popular currency of the world.
Dora Doll
but i think still there is no tax on bitcoin any where, still bitcoin is tax free, and the reason is that still not a single country consider bitcoin as legal currency therefore still there is no tax on bitcoin. may be in future when governments will accept bitcoin as legal currency then they will put tax on bitcoin.
yes but as not a single country yet consider bitcoin as legal currency therefore i think there is no tax on bitcoin and when bitcoin will be consider as legal currency then they will put tax on bitcoin,
Maesters1
yes it depend on the policy of a country, if a country has imposed tax on bitcoin then you have to pay otherwise bitcoin is tax free in most of the areas as most of the countries has yes not yet consider bitcoin as legal currency.
i think most of the countries have no tax on bitcoin, and the reason is that bitcoin is not yet legalize by any state and there is no poly of any country to impost tax on illegal items, and therefore there is no tax bitcoin in most of the countries.
Others
if you country has imposed tax on bitcoin then you have to pay tax on it, otherwise there is no tax on bitcoin there is only transaction charges and nothing else.
it totally depend on your country policy if your country have impost tax on bitcoin then you certainly have to pay tax on bitcoin otherwise it is free of tax every where.
yes i also agree with you, that if you country has impose tax tax on bitcoin then you have to pay tax other wise there is no tax but it is also a fact that still very little number of state have impost tax on bitcoins may be yet not a single country.
i think that is not you are paying tax, you are just paying service charges, tax is only collected by the government, and government only collect tax on legal things, as bitcoin is not a legal currency therefore government is not collecting tax on bitocin.
if your country have impose tax on bitcoin then you have to pay tax otherwise there is no tax on bitcoin only those countries may be collecting tax on bitcoin who are already accepted bitcoin as legal currency.
yes there is no tax on bitcoin directly but if you change your bitcoin in to fiat currency and deposit it in bank they you have to pay tax, actually bitcoin is not yet consider as legal in any country therefore there is no tax on bitcoin any where.
i think it is totally depending on the policy of your country, if your country has imposed tax on bitcoin then you must have to pay tax, other wise there is no tax on bitcoin.
but in my country there is no tax on bitcoin, as we have to pay tax on such item which are legal or registered with government, as bitcoin is not yet registered with government nor the government consider it as legal currency, therefore there is no tax on bitcoin.
i think it is depending on our country policy, if your country has impose tax on bitcoin then you really have to pay tax on bitcoin, but i think still most of the countries has not yet impost tax on bitcoin, therefore bitcoin is still free in most of the countries.
Agree - perfect examples of poor quality (bad/useless information/advice) posts that continue to plague this forum.
