Are there any countries that tax bitcoin? How?
Topic: If you open a bank account in a country which has no BTC tax - page 2. (Read 2447 times)
Obviously with the legality of bitcoin in the country can be a source of additional foreign exchange for state, both tax and other management.
But so far perhaps only some countries have more advanced economies who dare to adopt bitcoin, because it seems that a weaker country's economy will be more considering taking bitcoin as a digital currency that has same functionality and legality as fiat currency.
But so far perhaps only some countries have more advanced economies who dare to adopt bitcoin, because it seems that a weaker country's economy will be more considering taking bitcoin as a digital currency that has same functionality and legality as fiat currency.
Tax are create for country's income so it's important for every country for having tax
I'm sure that if goverment legalize bitcoin , they will include tax on bitcoin as it become the most wanted comodity for people's need
I'm sure that if goverment legalize bitcoin , they will include tax on bitcoin as it become the most wanted comodity for people's need
According to the law, we have to pay taxes for all the transactions we are making except for the loss we made in business. Now, in reality, there are many holders of Bitcoin who are not really taxes for their Bitcoin transactions and this can even be true in USA which has a good taxation law and system that is why IRS recently demanded Coinbase to release their list of customers so IRS can find out who are not paying and who are legally doing their duties to the land.
Now, if someone can evade within the United States how much more in other countries where tax laws can be lax and the government is not yet that equipped to monitor online transactions and just depending so much on what the taxpayer can be declaring?
Anyway, let's enjoy this brief of time when the government is not yet roaring to collect the tax in full.
Now, if someone can evade within the United States how much more in other countries where tax laws can be lax and the government is not yet that equipped to monitor online transactions and just depending so much on what the taxpayer can be declaring?
Anyway, let's enjoy this brief of time when the government is not yet roaring to collect the tax in full.
Lets say you live in a country where Bitcoin is taxed. If you open a bank account in a country where it isn't, and withdraw it directly to there do you have to pay tax on it? Is that even legal?
In most places, taxation is based on residency + source. So as long as you are a resident of a particular country, you will be taxed on your global income.
In this particular case, you can't even argue that your bitcoins were earned outside the country.
Lets say you live in a country where Bitcoin is taxed. If you open a bank account in a country where it isn't, and withdraw it directly to there do you have to pay tax on it? Is that even legal?
Each country must have different regulations on taxation policies, as well as with bitcoin taxes. But if you have a goal to avoid the cost of paying taxes on bitcoin, in countries that are not legal bitcoin of course this can be done and you will not be in taxes Bitcoin. But i think paying taxes is a good obligation. And better follow the existing government regulations.
i assume the money will be coming back to the country you live in. you will be taxed just the same.
you would have to change your residency and leave your home country for several years depending on where you live.
you didn't think it was gonna be that easy did you?
you would have to change your residency and leave your home country for several years depending on where you live.
you didn't think it was gonna be that easy did you?
Lets say you live in a country where Bitcoin is taxed. If you open a bank account in a country where it isn't, and withdraw it directly to there do you have to pay tax on it? Is that even legal?
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