Topic: tax (Read 2675 times)
Since bitcoin is quite popular, and with the hope of someday making bitcoin legal to most countries, the government needs to get money from bitcoin as well because you might be rich but your country is having now a sort of a hard time. But the risk of having tax for bitcoin is the abuse of the government, they might give a greater tax because bitcoin for a fact is really convenient to gain. But there's nothing bad about it.
Indirectly. Although cryptocurrency has been banned from being used as an official transaction tool, governments in my country have not yet set rules on taxation of revenues generated from cryptocurrency investments. Although indirectly we still have to pay the taxes imposed by the exchange site that we use. Naturally, to open a business, be it financial-based and other services, of course they need permission, and every business must pay income tax every year. Ironically, the amount of value-added tax in my country is at least 5% and a maximum of 15%. If we withdraw money from the exchange, we are charged 1% of the total withdrawal. That is, we only pay a portion of the taxes that will be charged to the exchange.
in your country income from bitcoin taxed? state the country
Here in the Philippines, our goverment did not declare bitcoin as a legal or illegal so there is no tax to be impose yet because maybe i think at this time bitcoin is not really known in my country. Here in office alone very few of us are engage to bitcoin maybe it needs two to three years more that bitcoin popularity will arise so that the goverment can possibly benefit to thru tax.
Indeed. Bitcoin is not that common here in our country. The tax system has undergone major changes as of this year. Bitcoin isn't defined yet. Therefore, bitcoin is not YET taxed. I said YET because time will come, Bitcoin will start to become existent in this country. Same holds through with online stores, which are becoming rampant nowadays. That's why as early as now, many people can still benefit from bitcoins without worrying of being taxed by the government.
Nope i have to pay no taxes for btc earnings in my country Korea 
Paying taxes is too good in economy so that it will help children in a orphanage that no more families .It will guide them to have a better future in life and bitcoin also is there number one source of income to survive in the community.Taxes is great contribution for the sake of people let us hope that bitcoin will accept all over the world because I believe that it will help us a lot in terms of earning and providing our financials.
Tax revenues are used for public services and the operation of the government,as well as the social security and medicare programs.As baby boomer populations have aged,social security and medicare have claimed increasingly high proportions of the total federal expenditure of tax revenue.
in your country income from bitcoin taxed? state the country
Fortunately here in Philippines our government is not yet imposing tax on our Bitcoin earnings maybe because Bitcoin here is not legal but not ban so we are not wasting this opportunity as our Central Bank is now moving to regulate Bitcoin which mean soon Bitcoin will be going to be a legal and we will expecting a future Bitcoin tax will be going to impose soon.
in your country income from bitcoin taxed? state the country
Here in the Philippines, our goverment did not declare bitcoin as a legal or illegal so there is no tax to be impose yet because maybe i think at this time bitcoin is not really known in my country. Here in office alone very few of us are engage to bitcoin maybe it needs two to three years more that bitcoin popularity will arise so that the goverment can possibly benefit to thru tax.
in your country income from bitcoin taxed? state the country
In the Philippines, bitcoin has no tax because it is not recognize by our government. If the government will just know what bitcoin is and the ways how bitcoin do for sure taxes for bitcoin will be develop.
in your country income from bitcoin taxed? state the country
We don't have a bitcoin tax in our country right now. I think it should be taxed.
1; Sell goods for bitcoins. For example, selling a car for bitcoin is equivalent to a barter. If the party selling the car is an enterprise or an individual industrial and commercial enterprise, then it needs to pay business tax or value-added tax. If the seller is a natural person, do not pay taxes.
2; Natural person provides labor service in exchange for bitcoin. Bitcoins are neither cash nor physical, nor are they negotiable securities, so they should not be taxed.
3; If the company has bitcoin, it will need to pay enterprise income tax.
4. If a natural person holds bitcoin, it appreciates. No personal income tax is required.
5; Buy something else with bitcoin. Don't pay taxes.
No, bitcoin is not taxable in our country. Bitcoin is not legal nor illegal in our country. And not even the banks accepts bitcoin as a source of income. Maybe theres a time that they will implement that bitcoins to be taxed later.
Same here, in our country too it is not taxable. But bitcoin is very known and many people committed in bitcoin. We all know that bitcoin is useful. I noticed in other country they gathered information's how to make bitcoin stabilized. Aside from that their is no scenarios that their are tax in bitcoin and they pay for it. It is very safe in bitcoin too everyone can justify for that.
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