Topic: do i have to pay tax on bitcoins ? - page 5. (Read 27964 times)
If they impose it then you should. It's better than facing a lot of charges one day.
I guess, it depends on what country you from. different countries have different regulations.I know that there is no country where taxes are levied..
Currently, you do not pay taxes for bitcoin. But if governments have accepted bitcoin as an investment market, they may be able to control and collect taxes, but this is very difficult. Since this is a virtual currency market it is difficult to verify and tax someone
It is directly depends on what country do you live. If you live in Country, where Cryptocurrency is allowed (Switzerland for example), you should pay taxes from your income.
Bitcoin could be viewed as a barter system-whereby you provide a product or service and get bit coin in exchange which you then spend on items or services you require. There are a number of barter exchange platforms around the world and generally these transactions are treated as normal taxable business transactions. BTC is not in itself taxed, but maybe this will change
You are right but there are countries who are not strict yet in imposing taxes in cryptocurrencies, paying tax when required is our responsibility since we want this crypto to be legal then we have to pay taxes, it is better rather than putting cyrpto in trash by our government right.
Bitcoin could be viewed as a barter system-whereby you provide a product or service and get bit coin in exchange which you then spend on items or services you require. There are a number of barter exchange platforms around the world and generally these transactions are treated as normal taxable business transactions. BTC is not in itself taxed, but maybe this will change
There is a long-term for bitcoin to spread around the world,to be exact, it is still difficult to spread in some Country.So I think it need a long time or will not need to pay tax.
I think it depends on how the regulation and status of bitcoin legality in your country.
if in your country bitcoin legal and acknowledged as a tool of transactions or commodities, then it you mut should be a good citizen, you must report your assets and pay taxes.
if in your country bitcoin legal and acknowledged as a tool of transactions or commodities, then it you mut should be a good citizen, you must report your assets and pay taxes.
For me, i think it depends on what country you live in. I'm from Philippines so basically were paying tax for transaction fees.
Yes, but when it comes to Income tax we are not required as it is not in the law to pay tax that came from cryptocurrency earnings but they are working on it as this supposed to be taxed, If ever they will imposed tax on it make sure to pay. It is better to help our country from paying tax rather than giving them the reason to banned cryptocurrency in our country just like South Korea did.For me, i think it depends on what country you live in. I'm from Philippines so basically were paying tax for transaction fees.
Yes, but when it comes to Income tax we are not required as it is not in the law to pay tax that came from cryptocurrency earnings but they are working on it as this supposed to be taxed, If ever they will imposed tax on it make sure to pay. It is better to help our country from paying tax rather than giving them the reason to banned cryptocurrency in our country just like South Korea did.
For me, i think it depends on what country you live in. I'm from Philippines so basically were paying tax for transaction fees.
If bitcoin is considered as an asset not a currency and the holder can gain from an increase in its value, then it is taxable by means of capital gains. Many tax officials in various governments around the world are also still debating whether the income that generated from bitcoin will be subject to income tax.
If there is a law in your country that requires you to pay tax in every transaction then you should follow it rather that going underground to avoid taxes.
If there is a law in your country that requires you to pay tax in every transaction then you should follow it rather that going underground to avoid taxes.
Интepecyeшьcя кpиптoвaлютoй?
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Eдинcтвeнный в cвoeм poдe кaнaл - нa кoтopoм тoлькo кaчecтвeнный кoнтeнт.
Зaгняни нa кaнaл @btcworld7
Toлькo caмыe интepecныe нoвocти кpиптoмиpa,paзoблaчeниe нeчecтныx кpиптo-кaнaлoв и пpoвepeннaя инфopмaция o cигнaлax и ICO пpoeктax.
https://t.me/btcworld7
Eдинcтвeнный в cвoeм poдe кaнaл - нa кoтopoм тoлькo кaчecтвeнный кoнтeнт.
I think it depends on the country where you are a tax resident, but yes, generally you need to pay taxes on any lucrative investment you make or asset you own.
Bitcoin was still decentralized and taxes was not yet applicable in any countries, I can't see or hear news regarding payment of taxes in every cashing out of bitcoin. Because if it is happen many people are boycotting regarding with that policy. Otherwise many investors were surely pull out their amount in crypto currency community. It's because I'm sure that computation of taxes will become not fairly to each users.
When in the buy/sell transactions or investments there are profits, bitcoin then it is earnings that are subject to tax (PPh). Complies (System) self assessment, then the taxpayers the income reported in the mail Notification (SPT) annual tax and pay taxes, "
No we do not pay tax on bitcoin only the fee for transaction. The tax you have to pay to the government and this bitcoin is not held by the government and they have no control over the bitcoin content. This is a good part of bitcoin that you do not have to pay taxes. For me the bitcoin is illegal because it has no tax and there is no law regarding it. I just think
Depending on what country you live on. My country doesnt require any tax on bitcoin, not just yet. On other countries, bitcoin is considered an investment or an asset more like a currency so they have to pay tax. If your government declared just like this one on bitcoin, you probably should pay taxes and have no choice but to obey.
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 ?
I think its based on what country you live in , I'm from Philippines so basically were paying tax for transaction fee nut i think we dont need to pay taxes , only transaction fees.
Yes of course, since bitcoin is source of passive income it must be subjected in final tax or income tax. Aside from earning we should also consider to pay taxes for the benefit of all of us.
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