Topic: Have people been forced to pay tax over Bitcoin yet? - page 7. (Read 5519 times)
It can't be possible but maybe on the exchange wallet possible they can do that.
beware the deception by gov and tax office
1) get you to admit it is an income
2) get you to admit what you use it for e.g. investment
3) then if you do not admit to any of that, they will make a determination and take your money
it is just your money nothing else, not your fault you have to exchange your btc into fiat to utilize goods and services, they should learn to accept your money
if all else fails do not forget to claim your lost coins as a loss, the value will be determined by the end financial year you decide to claim said loss
1) get you to admit it is an income
2) get you to admit what you use it for e.g. investment
3) then if you do not admit to any of that, they will make a determination and take your money
it is just your money nothing else, not your fault you have to exchange your btc into fiat to utilize goods and services, they should learn to accept your money
if all else fails do not forget to claim your lost coins as a loss, the value will be determined by the end financial year you decide to claim said loss
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
These are some of the stupidest nonsensical replies I've ever seen. Are you all criminals? In the united states there is a 25% capital gains tax on all net profits from deposits made to crypto exchanges. And if you do not report how much you deposited into the exchange to begin with, your ENTIRE withdrawal will be taxed. Not fun huh? Hold the crypto for a year or longer and you fall under long-term gains which is anywhere from 0-20%.
Seriously, no Koreans on here? South Korea will probably be setting a capital gains tax similar to the US from what they decided during their emergency crypto meeting. Everyone talking like it's the wild west, wake up. This isn't 2010, the crypto market cap is no longer negligible, if you live in a 1st or 2nd world country that even allows crypto trading, the taxes are already on their way.
Seriously, no Koreans on here? South Korea will probably be setting a capital gains tax similar to the US from what they decided during their emergency crypto meeting. Everyone talking like it's the wild west, wake up. This isn't 2010, the crypto market cap is no longer negligible, if you live in a 1st or 2nd world country that even allows crypto trading, the taxes are already on their way.
For me,bitcoin is decentralized and no one can give a rule from it ,they cannot imposed a tax on it as long it was not legal in our country.But I think bitcoin has its own world ,a digital currency that we can only transact and not by anybody else who wants to hacks it,no third party allowed that was the rule of virtual currency,this is nit regulated by someone else so they cannot pay tax on bitcoins.
Yes if you want to go in a legal way then you should have to pay the tax on bitcoin for government
Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
You dont need to be force to pay bitcoin tax but you'll be required to do so if bitcoin is declared legal in your country in which earning thru bitcoin will be subject to tax as per regulation rules and policies to the exchanges. This bitcoin taxation is acceptable as long all tax will be use directly to serve the people not to serve the pockets of corrupt officials.
I think no, because bitcoin is decentralized and no one people or no one country that can control bitcoin. This is what government is afraif of, cause bitcoin is indeed can't regulate by anyone, that's why their are countries that forbids the use of bitcoin cause they believe ,that they can get nothing in bitcoin and cannot help to their economic growth but rather than looking up bitcoin as threat. Theres a possibilities that bitcoin can be use to money laundering and hide wealths, tax evasion is possible as well. Maybe the bast way to regulate bitcoin is to create and legislate law that fit in cryptocuerrency to ptotect country's economy. Providing official exchanger will help. And impose additional fees to stands as tax fees. This is just my opinion.
Based on my experience I never have been charged or fine due to tax or any related fee. I think the government have not enough documents or no technical capability to track each user that profited from buying and selling bitcoins. However, they could be charged a tax to the trading platform company especially if that is headquarter in the United States. Given the fact that people will be tax, I think more people will look for a way to be completely anonymous to the tax collectors. 
This is only they way that they would really to impose taxes by means on regulating exchanges because we do know that those exchangers would really need to comply some documents for them to operate which means government would really have an eye regarding on the transactions have been happening on their vicinity which they can really use out about paying up taxes but talking on individual paying up on taxes then its not possible same as you said it would really be hard to track someone who do earn bitcoin and made profits.
Based on my experience I never have been charged or fine due to tax or any related fee. I think the government have not enough documents or no technical capability to track each user that profited from buying and selling bitcoins. However, they could be charged a tax to the trading platform company especially if that is headquarter in the United States. Given the fact that people will be tax, I think more people will look for a way to be completely anonymous to the tax collectors.
This is only they way that they would really to impose taxes by means on regulating exchanges because we do know that those exchangers would really need to comply some documents for them to operate which means government would really have an eye regarding on the transactions have been happening on their vicinity which they can really use out about paying up taxes but talking on individual paying up on taxes then its not possible same as you said it would really be hard to track someone who do earn bitcoin and made profits. 
A government law is required to force the payment of taxes, in many countries the laws related to BTC are not exactly clear and valid. That is because these laws are uncertain for the time being, so it is unlikely to happen.
One of the advantages of Bitcoin is that it doesn't get taxed meaning you get the full worth of what you worked for. No government can meedle into what you have since they don't have any right to do so since there are no laws or any regulations established for the managrment or control of Bitcoin. Also where I come from, people are not so knowledgeable with its structure. So since they are not familiar with it, they don't do anything about it they just let it flow. However, the situation totally differs when you sold your Bitcoin and declare the money you've earned through selling. Exchanging large amount of Bitcoin can also lead their to curiousity. So maybe it is through these actions that people might end up having Bitcoin taxed.
Already in some countries government are asking people to pay taxes on Bitcoin buying and selling. So if we pay taxes on Bitcoin trading then there is a huge chance to make Bitcoin legalize in our countries.
And what can it lead to? Bitcoin will not be profitable. Moreover, this will lead to a drop in value on the exchange. Maybe for some people, will be very forced if have to pay tax bitcoin. Because it will reduce their assets. But for me, to pay taxes, I will agree to that. But the tax is not too much-lots yes 
I think that the bitcoin tax will be introduced soon. Crypto currency is a new currency. It is subject to settlement.
This is can only be possible in the countries that has legally accepted bitcoin under the terms and condition of implementing tax rule on bitcoin transactions. If this be the case, then just like in the normal currency, tax has to be enforced on every transaction as agreed by law. But so far here in my country, no agreement on bitcoin yet, as such, no tax enforced yet.
Already in some countries government are asking people to pay taxes on Bitcoin buying and selling. So if we pay taxes on Bitcoin trading then there is a huge chance to make Bitcoin legalize in our countries.
Based on my experience I never have been charged or fine due to tax or any related fee. I think the government have not enough documents or no technical capability to track each user that profited from buying and selling bitcoins. However, they could be charged a tax to the trading platform company especially if that is headquarter in the United States. Given the fact that people will be tax, I think more people will look for a way to be completely anonymous to the tax collectors.
As of now no one and seems that thing will never happen. As long as it is done online I don't think government can impose their rule for asking taxes from the Bitcoin community.
not yet but may be in future people were possibly forced for pay tax on BTH but not yet
Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
I didnt get taxed whenever i use my bitcoin for money remittance but it has a high fee. In the Philippines it doesnt have a regulated tax but it has a high amount of fee per transaction.
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