Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.
I haven't heard it in our country that someone had forced to pay tax, of course it is not, we are still free here in our country to do whatever we want in our earnings, we can pay taxes based on our permits to do so but is not yet required because there is no existing law yet. 
Topic: Have people been forced to pay tax over Bitcoin yet? - page 6. (Read 5519 times)
Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.
I haven't heard it in our country that someone had forced to pay tax, of course it is not, we are still free here in our country to do whatever we want in our earnings, we can pay taxes based on our permits to do so but is not yet required because there is no existing law yet.
Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.
All depends on the country for which you live for there are country where Bitcoin and crypto currency in general are not accepted as a means payment for goods and services and in such countries you will need not to pay tax but countries where it is accepted as a means payment for goods and services you are expected to pay tax.
Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
Never happened to me and never heard about it. You will oblidge to pay taxes when your bitcoin will be converted into fiat as far as i know but bitcoin itself? I don't think it will be possible. It will be hard for the government to put taxes on a descentralized currency.Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
That not happen yet and i don't think will be applied soon because bitcoin and other altscoin depend on security plus anonymous payment within the blochchain but if you plan to use regulated exchange like poloniex and other sites registered under USA\EU rules perhaps some day might request TAX.This was not happened yet,I think the government was not capable of collecting tax from this because its decentralize.The government is sightless of where they can get taxes.Many make and earn money from this so its clearly taxable but because of its anonymous currency exchange its quite hard enough to find those people who benefited from this.If the government regularize this currency maybe it will be taxable because of its profitable transparency.
Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
That not happen yet and i don't think will be applied soon because bitcoin and other altscoin depend on security plus anonymous payment within the blochchain but if you plan to use regulated exchange like poloniex and other sites registered under USA\EU rules perhaps some day might request TAX.Quite curious if this has been the case. Obviously, I'm hoping it hasn't been the case.
I think this has not happened yet. Because the ban on Bitcoin is still widespread in any country. Surely this is very unlikely if someone has been forced to pay taxes on Bitcoin. Unless there are many countries that legalize Bitcoin, then I believe that there are already people who pay taxes with forced or not.
As soon as bank and government see your fiat movement or ownership papers (house, cars etc.), you are on the way to pay taxes.
You can buy stuff with Bitcoin and avoid fiat flow on your account, but if you buy a house, cars and such you will own them and they will notice that you are accumulating wealth with small income like your salary.
You can buy stuff with Bitcoin and avoid fiat flow on your account, but if you buy a house, cars and such you will own them and they will notice that you are accumulating wealth with small income like your salary.
Everyone is paying tax on their Bitcoin profits (unless they are hiding it). As far as I know, profits from trading of Bitcoin (and other forms of crypto-currency) is taxable all around the world. There is not a single country where the profits are not taxable.
Any personal use asset you acquired for less than $10,000 is disregarded for CGT purposes
https://www.ato.gov.au/general/capital-gains-tax/cgt-assets-and-exemptions/
We should just obey the rules because it is for some good purpose then.
Why was Bitcoin made? Banks and tax are bad purposes
We can't really stop regulation guys. These greedy politicians will still find a way to tax us.
Think like this we are all dead - not now try bitcoin, litecoin, monero
Everyone is paying tax on their Bitcoin profits (unless they are hiding it).
Again why was Bitcoin made? A lot of peoples taxes went to saving corrupt banks around the world in 2008.
Some banks were legally allowed to increase fees and charges to lessen the impact of the coming GFC in 2008. Do you know any banks that did this in 2005 to 2007? Countries with no real GFC impact.
minimize tax (legal), don't hide it (illegal). Think "panama papers" our politicians said it was legal
This is the most common practice in the world. If a person makes a profit from a certain activity, he must pay taxes. Crypto-currency brings good incomes and therefore it is quite logical that such activity is subject to taxation. A capital increase is taxed, that is, an increase in the cost of a crypto currency, even if it is in a purse without traffic, and income from the operations with a crypto currency. Even in such a loyal to the Japanese crypto currency, there is also a profit tax on crypto currency. As the state will control this, this is another matter. However, tax evasion in almost all countries is considered a crime.
It is good so the other country accept the bitcoin fully in their country. Taxation is very important in the whole country since it is the foundation of all and life blood in their system imposed.
In some countries they are obliged to pay taxes bug in other countries they did not imposed anh taxes (tax free).
I think we should consider this since tax is very vital sources of income of the government to sustain a organized society. We should be open-minded in all possibilities and reasons why this thing was imposed.
I think we should consider this since tax is very vital sources of income of the government to sustain a organized society. We should be open-minded in all possibilities and reasons why this thing was imposed.
in the philippines it is were i live there is no cases of people been forced to pay tax over bitcoin since, there is no rules and regulations being imposed on this trading. although all gains incurred in ll forms of trading are subject to tax.
Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
It may depends on the exchange or jurisdiction of the country. but if the marketplace is decentralize it won't happen because bitcoin and altcoins are consider as Anon coin which are privacy! i hope the government will change their plan in the future. hope they can create coin that will help bitcoin to sustain its volatility
Government are trying to regularize bitcoin so they can monitor all the people who owns it and collect taxes, well this thing might happen very soon. We all know politics are being greed in terms of collecting taxes so they still the possibilities regarding on this matter but I still believe that no matter what bitcoin will remain more stable and government will adopt its technology so they can survive in a world of innovation.
Not Really; Is it true that it is illegal to participate in ICO
Everyone is paying tax on their Bitcoin profits (unless they are hiding it). As far as I know, profits from trading of Bitcoin (and other forms of crypto-currency) is taxable all around the world. There is not a single country where the profits are not taxable.
Yes I've heard in some countries that they need to do that. We can't really stop regulation guys. These greedy politicians will still find a way to tax us.
I think it depends on the government of our country but as we know bitcoin was decentralized and cannot forced to pay taxes over bitcoin.I think the charges or fees when we transferred money is consider as our taxes.They have not enough rule to imposed a tax to those bitcoiners.
I heard more about large fees than earning's tax. I think there is none to few transaction who are being taxed. On my country, only earnings on stock market are subject to it and i dont think we have a taxation on this cryptocurrency. It also cannot be considered as statement of an asset here so i dont think for this moment our government doesnt do it.
Jump to: