I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
well i think that'll depends on the jurisdiction jurisdiction you're coming from and their view on cryptocurrencies. For those in countries where cryptocurrencies are seen as digital assets, I'm sure taxes may be required to be payed for those who haven't disclosed their sands yet, it may not require you to pay taxes. 
Topic: Do traders pay income taxes? - page 7. (Read 1578 times)
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
I am fortunate that i live in a country where cryptocurrency trading is not yet regulated as they have not yet imposed regulation on exchange.Can you elaborate more on how they taxed your income?
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
I am fortunate that i live in a country where cryptocurrency trading is not yet regulated as they have not yet imposed regulation on exchange.Can you elaborate more on how they taxed your income?
This is a decentralized system, so you do not need to open a company for the purpose of paying tax to any government. The duty is not yet exercised on crypto traders. Although, so many governments are agitating for it, but which i feel might not be possible, except cryptocurrency becomes centralized.
Well, you might personally choose to pay tax to the government of your country, either as a citizen or as a resident.
Well, you might personally choose to pay tax to the government of your country, either as a citizen or as a resident.
All depends on the country and the person. Some people which are professional traders, they can make it as a regular business. If you are just a newbie and don't invest big amounts I don't think it's necessary to pay taxes.
Bitcoin is still illegal in most of the countries. Government think, it is illegal. So traders of Bitcoin cann't disclose his trade or business in any place. If he discloses his connection with Bitcoin, authority will put him into jail befor paying taxes in those countries.
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
I dont think they pay income taxes in earning here because government do not manage cryptocurrencies maybe they pay income taxes if they convert their tokens into fiat so that they can withdraw it. In that manner government or any banks can put taxes when they withdrawing. But in investments. I dont think so. They maybe put it nothing more nothing less. 
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
In each country, the tax case looks a bit different. Usually, you do not have to register own company, but only pay tax from your income. However, to be sure, it's best to talk to some tax advisor in your country.
As far as i know that there was no regulations for crypto traders to paying tax from their profit income although cryptocurrency is not illegal but my government hasn't regulations cryptocurrency yet but the latest news i have heard that they says cryptocurrency development were increasing rapidly even volume support for each crypto exchange were increasing too and my government says they have any plan to regulations for crypto traders and will announce their decission in the near future
Hi, everybody. I pay taxes. And my friends who are engaged in trade also pay. 
of course I don't pay taxes on cryptocurrency trading income, because in my opinion there are no legal regulations on cryptocurrency and the amount of tax that must be paid, therefore I don't pay taxes until cryptocurrency is legalized and there are tax rules from cryptocurrency trading income.
Based on the charges we encounter on some exchanges, i feel directly or indirectly, we pay tax. There are some exchanges that pay taxes to the government of the countries where they are domicile. So some of them charge their users or traders based on the amount they expend on taxes and other ventures.
Although, as a crypto trader, you do not to bother yourself on any form of tax, because it has been taken care of by the exchange you use.
Although, as a crypto trader, you do not to bother yourself on any form of tax, because it has been taken care of by the exchange you use.
That depends on country where are you from. I live in Ukraine and we have a huge legal gaps when we look at cryptocurrency trading. And because of that we do not have to pay income taxes in that situation.
depends on country, Most of the Asian country are not. different story if you at US or Europe.
It really depends on what country you live but generally crypto are considered like securities so if you have a capital gain you have to declare it and pay taxes on it in most countries.
Yes, as a trader you have to pay taxes, but you can discount loses and have some other advantages in most countries that will allow you to deduct more. You should look into your countrie´s laws.
you can ask a lawyer or go to somw sites with free consult from people who knows about taxsystem in your country 
if in your country have regulation about cryptocurrent (like, tax 1% per month) you may pay it. but if no regulation, no need to pay tax. but if you want to help government 'develop' their action, then just pay it.
in my country still no regulation about bitcoin, so im just play and joy what i earn. but if they make it, i will follow what they say
in my country still no regulation about bitcoin, so im just play and joy what i earn. but if they make it, i will follow what they say
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
actually in my opinion it depends on tje country you are in and in some countries people do not pay taxes even if they should
Yes, as a trader you have to pay taxes, but you can discount loses and have some other advantages in most countries that will allow you to deduct more. You should look into your countrie´s laws.
Obviously it depends from your country and laws. Personally I still do not pay any taxes to goverment, but situation can change anytime. Crypto growing and it's just a question of timewhen it will be taxes by goverment.
Jump to: