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Topic: If you get paid in Bitcoin do you have to pay taxes? - page 2. (Read 4671 times)

M8
newbie
Activity: 57
Merit: 0
It all depends on the laws of your country. Some wont require taxes unless you exchange it to fiat, but many countries will try tax it in the future.
1AbHnmymnwaCSHRwrFjwRr9r3QzawnTPZB
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
There is no such thing as tax free income. You will have to pay income tax on bitcoin you earn from work, and capitol gains on any appreciation in value. Of course you can claim a loss if bitcoin depreciates.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
just translate into dollars when you recieve BTC. should be ok then.
sr. member
Activity: 336
Merit: 251
The government does not give two hoots how you get paid, if you get some they want some....  Grin
newbie
Activity: 5
Merit: 0
Yes. You are going to deal with bank and the government. So, you need to pay the tax.
full member
Activity: 153
Merit: 100
Of course.

Not doing so will only invite trouble down the road.
sr. member
Activity: 252
Merit: 250
And is this going to be an issue in the future?  moving money around to keep the govt. off your backs, etc..
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