Do we must pay taxes when we use Bitcoin? 
Really not because the Bitcoin is nowhere but in the internet. It's not on the government land or kind of that. Then it's no reason to pay a taxation on that coin.
Topic: Do people have to pay taxes on Bitcoin? (Read 161 times)
Really not because the Bitcoin is nowhere but in the internet. It's not on the government land or kind of that. Then it's no reason to pay a taxation on that coin.
Do we must pay taxes when we use Bitcoin?
It depends on what country you are from. Here in Philippines, the government doesn't tax the earnings from crypto.
As some others have mentioned it depends on your country, but bitcoin is independent of a central authority and many people have reportedly invested their earnings into bitcoin so government cannot tax their income.
yes, if you sell your bitcoins and convert it into currency, you will have to pay taxes on the capital gains.
Do we must pay taxes when we use Bitcoin?
NO, bitcoin is a currency over the internet that controls by no government all over the world.but if time will come and the country will file tax for the bitcoin income we have no choice but to do it before everything will be a mess.
bitcoin give profit to anyone who is using it properly and wisely but remember that the government needs to earn from it's citizen's income just to have a tax and make the country better.
Mostly no, it's a decentralized currency. So, your income is not recorded to the government. Which makes it unnecessary to pay the taxes. But if you want to covert it to fiat money than maybe there's a transaction involved which is known to the government.
Depends on the law in the country you live in. I would only have to pay taxes if I sold BTC for example.
It is purely depends on the country you live in, presently it is not legal tender in many countries yet.
Do we must pay taxes when we use Bitcoin?
Really not because the Bitcoin is nowhere but in the internet. It's not on the government land or kind of that. Then it's no reason to pay a taxation on that coin.
Well I'm not sure if you're asking how to get around taxes because that is a thing, but legally in the US yes you do have to pay taxes.
You should seek a competent tax professional in your local area. Most of the big exchanges are keeping careful records and have given records to governments in the past who eagerly went out and collected their pound of flesh.
Depends on your country. In Belgium we have to pay 33% on our profits. It's considered as trading on a FOREX. The government off course can't know how much crypto you have but if I want to revert it back to FIAT I'm going to have to explain where the FIAT comes from. If I never filled my crypto in taxes I'm going to be fined.
In the Netherlands it's 1.8% if I'm correct.
In the Netherlands it's 1.8% if I'm correct.
Thank you for your useful information. Governments will seek to manage cryptocurrency
I lives in sri lankan . There is a no taxes charge to crypto here.
Depends on your country. In Belgium we have to pay 33% on our profits. It's considered as trading on a FOREX. The government off course can't know how much crypto you have but if I want to revert it back to FIAT I'm going to have to explain where the FIAT comes from. If I never filled my crypto in taxes I'm going to be fined.
In the Netherlands it's 1.8% if I'm correct.
In the Netherlands it's 1.8% if I'm correct.
People don't need to pay taxes on Bitcoin because it is not owned by government and I really hope that goverment wont be able to put tax on bitcoin because it that will happen our earnings will be affected.
Do we must pay taxes when we use Bitcoin?
I don't know how the government planning to make tax rule and law for using bitcoin. So, i think paying tax when we use bitcoin is such a nonsense. 
Not necessarily. Tax only applies for the commodities that are known by the government.
Do we must pay taxes when we use Bitcoin?
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