, but there are rumors that they will be introducing VAT by 2018. 
Topic: do i have to pay tax on bitcoins ? - page 20. (Read 27964 times)
paying a tax on bitcoin depends upon the country you are residing ,in Dubai it is a free heaven,you don't have to pay any taxes and that is a beautiful proposition not only for bitcoin , but there are rumors that they will be introducing VAT by 2018.
, but there are rumors that they will be introducing VAT by 2018. Currently, you don't have to pay tax on bitcoins. However, as long as the number of people using bitcoin keep rising, i think the government will develop a system which require users to pay money to use bitcoin. Well, the government can do anything that they want. Trust me
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. 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 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. 
Currently, you don't have to pay tax on bitcoins. However, as long as the number of people using bitcoin keep rising, i think the government will develop a system which require users to pay money to use bitcoin. Well, the government can do anything that they want. Trust me
If you convert your bitcoin to the fiat and then you should pay the tax since you are literally making profit by convert your bitcoin to fiat, however it's depend on which country you live due to rules and regulation of each country is different. Unless you don't need to pay tax when you hold your bitcoin on your wallet or transaction with them.
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. 
this time I experienced the same thing as you. in my country, the government appeared to be planning tax for bitcoin and not only that, such as being youtuber or online shop. I am quite confused as well to this, because maybe if I did not pay I can be fined or punished. but so far it may save money in the crypto can not be traced. so now truly safe for me.
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.
If you convert your bitcoin to the fiat and then you should pay the tax since you are literally making profit by convert your bitcoin to fiat, however it's depend on which country you live due to rules and regulation of each country is different. Unless you don't need to pay tax when you hold your bitcoin on your wallet or transaction with them.
if i am earning a good number of bitcoins i am entitled to pay tax in the form of online income in my tax returns and it is madatory to fill in the details regarding it. Since i am not earning any monatory gains at the moment i am not including it in my returns
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 i am earning a good number of bitcoins i am entitled to pay tax in the form of online income in my tax returns and it is madatory to fill in the details regarding it. Since i am not earning any monatory gains at the moment i am not including it in my returns
thank you very much for al of your responses and i really do appreciate this because i was really curious about the taxation because its a punishable crime to not pay the taxes so i guess i am now satisfied and will liquify more money and turn in to bitcoin cause hey its tax free and who wants to pay taxes
What country do you live in that does not tax bitcoin?
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.
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.
If your government approve bitcoin as a legal currency for the use of your state then yes you will pay the taxes and you will care about all the rules which a government will make for bitcoin and if they will not approve then you are free with them for any use without any tax.
One of the reasons people use bitcoins is that you don't have to pay any taxes. The government cannot ask anything because it has no control on bitcoin. The great plus of Bitcoin is its decentralization.
thank you very much for al of your responses and i really do appreciate this because i was really curious about the taxation because its a punishable crime to not pay the taxes so i guess i am now satisfied and will liquify more money and turn in to bitcoin cause hey its tax free and who wants to pay taxes
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. However, if your experience over the past year with Bitcoin has put two brand new cars in the driveway, then you are going to have to deal with the taxes. Either way, watch your paper trails and keep your head down. There is a storm coming.
thank you very much for al of your responses and i really do appreciate this because i was really curious about the taxation because its a punishable crime to not pay the taxes so i guess i am now satisfied and will liquify more money and turn in to bitcoin cause hey its tax free and who wants to pay taxes
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.
It is upto which country you are living , if your country have some rules on bitcoin then i think their will be some tax law of using bitcoin, but like my country where still their is no clue on bitcoin, so we dont have to pay tax on bitcoin as we are not showing anything in tax law. But if we want we can take bitcoin as shortterm profit and pay taxes but that will also be in problem if in future bitcoin is considered as illegal, then it will become that we were doing illegal work using bitcoin.
I think paying taxes when you're using bitcoin is just for bitcoin investors, buyers, and miners, it is according from the article that I've read a month ago because this question have already asked by someone that's why I still remember my answer on that question, though some transaction in bitcoin have taxes also but it will automatically deducted on your account or maybe to a certain network if I'm not wrong.
i think bitcoin will be our secret property and government do not know anything if we have bitcoin and i think there is no tax on bitcoin as long as we withdraw our bitcoin with localbitcoin or our friends that have selling and buying bitcoin for their daily jobs.
the government will check into your bank account if there any activity that seem illegal and ask you where do you get those money, but as long as you only make small withdraw at least in just $100, i think it will be safe for you.
the government will check into your bank account if there any activity that seem illegal and ask you where do you get those money, but as long as you only make small withdraw at least in just $100, i think it will be safe for you.
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