No, I do not use accounting services for my Crypto transaction activity, nor do I pay taxes on all the Crypto transactions I've been making. because indeed in our country there is no rule for it, so we do all this freely there is no interference from third parties.
Topic: do you guys pay Taxes for profit? - page 4. (Read 1923 times)
This depends on the policies of the country in which you live. At present, many countries have no tax policy on this aspect. If you have this problem, you can consult local accountants, but I think the cryptocurrency field is still Should not collect taxes
Somehow somehow a tax is been paid either directly or indirectly, because all the thing you use the money to get it has already been tax by government, so somehow a tax is been paidr
I am living in Turkey, and we are pay the taxes but not our profit. The exchange market pay tax for a new money entry your account. We are pay commission with tax
I see many people strangely anxious and impatient to pay taxes. Frankly, in the absence of clear legislation, I don't take initiatives. When the terrocrats come to look for me, I will face the problem.
No, who pays taxes for crypto ?, Why do I need to use accounting services just for a small thing like this ?. As far as I know there is no clear law that requires taxes on this activity. All transactions are recorded in blockchain, so you can check your transaction history and do math calculations, reduced profit taxes, so you can cash your money efficiently.
Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
I recommend you not to trade directly from FIAT to Crypto instead buy some BTC/ETH and trade it to crypto. In that you are far from the eyes of the regulators. Don't be a victim like coinbase trading that imposed a tax to every costumer and there you go, paying the unexpected tax.
You can act ahead of time to prevent this taxation to happen. The market right now is unregulated so everyone should enjoy the privilege of no tax policy.
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
It depends from the regulation in your country. Personally I do not trade so much but in case I made some huge profit then I will declare what I traded from cryptocurrencies to fiat since it is a fixed and precise price. WHAT SHOULD I DO??
Pay taxes in what form, what to pay for taxes?
In my country there is no law on the tax cryptoccurency, even they have not legalized its own cryptoccurency.
In my country, too, there is no law on crypto currencies, but the authorities realize that it is possible to receive income from the crypto currency, so the bill is promised to be released in the near future. Until then, all operations with crypto currencies are not subject to any laws. But in the future I do not exclude the possibility of paying small taxes, if it is transparent and civilized. In my country there is no law on the tax cryptoccurency, even they have not legalized its own cryptoccurency.
Not all countries have implemented taxes on the cryptocurrencies yet, in my country they do not understand what blockchain technology is so they have classified all the cryptocurrencies as illegal, they think bitcoin is same as onecoin.lol
In my country we did not pay taxes when it comes to bitcoin because they believe that crypto currency is a scam, I don't know where they get that information.But they start to get research about it.
For the time being, I do not need accounting services in encrypted transactions. If I have to use more transactions in the future, I will adopt them. For taxation, it is possible for many countries to do so after the maturity of the community. If there is profit, I would like to pay tax, which is part of the mature market.
Pay taxes in what form, what to pay for taxes?
In my country there is no law on the tax cryptoccurency, even they have not legalized its own cryptoccurency.
In my country there is no law on the tax cryptoccurency, even they have not legalized its own cryptoccurency.
It really depends on what country you are from, but if you want to avoid future issues, I recommend paying the taxes as long there is a law implying to do so. Better safe then sorry.
I don't pay a cent in taxes. In my opinion, the answer to this question depends on what country you live in and whether you are satisfied with your government. My government robs people so I don't pay any taxes. But if I lived in a good country, I would pay for everything.
hell no, In my country cryptos are not regulated.
so why I have to risk a lot for a profit and then give it for free to the government???
cryptos are too much risk! I will never pay taxes on it. I don't care.
so why I have to risk a lot for a profit and then give it for free to the government???
cryptos are too much risk! I will never pay taxes on it. I don't care.
I don't pay taxes on profits as my country has not yet adopted a law on cryptocurrencies..in the case of a law I think that would not play with the law-will have to pay taxes
It depends on country rules about taxes on fiat and crytpo currencies. So if you leave in such country where taxes are implemented on crytpo currencies then you must pay it,But the country yet not has/have any rule about crypto currency trading then you are still free.
In my country, the law on the crypto currency is not adopted. And there is no provision for paying taxes in this area. But I will be forced to pay taxes in the event that the law is passed.
I think no need to pay taxes for profits. I thought that taxes are for companies, employers and employees only who earns wages and salaries. In the world of crypto, you do earn only profits for your hardwork in joining bounties and buying from ICOs.
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