Japan exempts bitcoin from Consumption Tax
The exemption from Japan’s 8% indirect tax regime recognizes bitcoin as a private currency used for the exchange of goods or services, and that the currencies hold no intrinsic value. The measure has come into force from 1 July 2017.
Traders of bitcoin will though remain liable to tax on their gains – capital gains tax or corporate income tax.
Australian's New Budget Includes a Bitcoin Tax Cut
Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.
http://www.vatlive.com/vat-news/japan-exempts-bitcoin-from-consumption-tax/
http://www.budget.gov.au/2017-18/content/glossies/factsheets/html/FS_innovation.htm
This is really a big news for the Australian bitcoiners , because with the declaration of the legalisation of the Bitcoin in the Japan many people entered in this work and accepted the Bitcoin as the payment but a big tax system was really and also currently a problem for small bitcoinet payment accepter .The exemption from Japan’s 8% indirect tax regime recognizes bitcoin as a private currency used for the exchange of goods or services, and that the currencies hold no intrinsic value. The measure has come into force from 1 July 2017.
Traders of bitcoin will though remain liable to tax on their gains – capital gains tax or corporate income tax.
Australian's New Budget Includes a Bitcoin Tax Cut
Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.
http://www.vatlive.com/vat-news/japan-exempts-bitcoin-from-consumption-tax/
http://www.budget.gov.au/2017-18/content/glossies/factsheets/html/FS_innovation.htm
But here no indirect tax system in the Australia , is really showing what the Australian bitcoiner can do with Bitcoins , because they can use like the simple currency where we don't much need to pay high fee for the to use as the tax .
Well here I am waiting for the rules to use Bitcoin in my own country , whether they will apply big tax or small
