tax - page 2. | Bitcointalksearch.org

hermae

newbie

Activity: 210

Merit: 0

Quote from: chengyinoing01 on February 27, 2018, 10:20:15 PM

So far, there's no scenario of paying taxes for bitcoin or the revenue we get from bitcoins.

If people in most countries invest in bitcoin, the government will lose money. You might choose to collect taxes.

The government collects taxes from the employees, company owners, food, property, etc. Taxes are paid to the government to use for government projects for the improvement of our country. But in the Philippines, I haven't heard yet that the government is collecting taxes for bitcoin. Maybe not for now, but maybe in the future.

chengyinoing01

jr. member

Activity: 131

Merit: 1

So far, there's no scenario of paying taxes for bitcoin or the revenue we get from bitcoins.

If people in most countries invest in bitcoin, the government will lose money. You might choose to collect taxes.

joms07

newbie

Activity: 70

Merit: 0

Calculate Bitcoin taxes of capital gains and income for Bitcoin, Ethererum, and other alt- coins from trading, spending, donations / tipping and mining.

yaelahwall

full member

Activity: 336

Merit: 100

Next Generation Antivirus

In my country have not yet applied the tax provision for bitcoin, the government is reviewing the legality of its use. so everyone like being in the room to get as much bitcoin without taxes. I do not know how long

expless

member

Activity: 200

Merit: 11

Quote from: Sled on February 19, 2018, 07:43:22 AM

Quote from: marcuslong on February 19, 2018, 05:22:31 AM

Quote from: wawan99 on September 12, 2017, 07:26:17 PM

in your country income from bitcoin taxed? state the country

In our country taxes of bitcoin is not implemented because government is not accept cryptocurrency . They keep reminding those people who are using this kind of transaction that its definitely a scam . But if government wanted to accept for this kind of cryptocurrency in a community was usually amaze people in how it works . Taxes of bitcoin has a great help To improve our economy grow and prepare for crisis and also its for people sake such as roads reworking, infrastructure, schools and commodities of people who are less fortunate.

I think that your country needs to do a lot of research first and also be careful in telling that the cryptocurrencies are scam because cryptocurrencies are not scam because they are for real and they are here to help us in finding opportunity and also to give solutions to the current problems from minor to major problems that can be solved by the cryptocurrencies.

Most of them in governance are really not that knowledgeable to know the truth anyway and they only say whatever comes to their mind so I am not surprised. If any government is calling cryptocurrency a scam as at now, then they really need a lot of schooling before they get left behind in the future. For my country, there is no law imposing tax on bitcoin yet, so I guess I just have to keep living and enjoying the moment until that happens.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: Bitcotalk on February 23, 2018, 08:26:03 AM

Quote from: Master Third on February 19, 2018, 10:47:04 AM

Our government never ask tax from the governor, how will they do that if they don't give their support to it. The reason behind is they are afraid that this bitcoin can ruin the economy of the country. Because if they will going to support bitcoin many investors will go in to withdraw their investment or some part from it just to invest in bitcoin. It is possible to happen because investing in bitcoin is easy to get a high profit than in some legal aspect which are under the government but very law of making a return.

Most of the government in most countries, even do not have the slightest idea of what cryptocurrency is all about and all they assume is that it is just another online money making scheme.

Over time, I am sure they will get to know just like the others and take a cue from the ones who are already benefiting from it. No tax yet on my bitcoin, but when that time comes, it is the law, and there is nothing anyone can do about it no matter how much they are displeased doing it.

No mate now this bitcoin affected all countries economy so everyone knows about this bitcoin. but they don't know how to put a tax on bitcoin users. in my country, our governament is finding the list who all involved in this crypto trading once they get the list they will take action against the users but what action they will take that we don't know.

Bitcotalk

hero member

Activity: 966

Merit: 517

Quote from: Master Third on February 19, 2018, 10:47:04 AM

Our government never ask tax from the governor, how will they do that if they don't give their support to it. The reason behind is they are afraid that this bitcoin can ruin the economy of the country. Because if they will going to support bitcoin many investors will go in to withdraw their investment or some part from it just to invest in bitcoin. It is possible to happen because investing in bitcoin is easy to get a high profit than in some legal aspect which are under the government but very law of making a return.

Most of the government in most countries, even do not have the slightest idea of what cryptocurrency is all about and all they assume is that it is just another online money making scheme.

Over time, I am sure they will get to know just like the others and take a cue from the ones who are already benefiting from it. No tax yet on my bitcoin, but when that time comes, it is the law, and there is nothing anyone can do about it no matter how much they are displeased doing it.

donpepot

newbie

Activity: 70

Merit: 0

Quote from: okwang231 on February 21, 2018, 07:21:32 AM

here in the country we do not have the bitcoin tax yet because it is not yet known because bitcoin uses bitcoin but it does not make sense that the tax rate is not just a container until there is no thorough study or trial

Most countries have a tax system in place to pay for public/common/agreed national needs and government functions: some levy a flat percentage rate of taxation on personal annual income, some on a scale based on annual income amounts, and some countries impose almost no taxation at all, or a very low tax rate for a certain area of taxation.

waskaplung

newbie

Activity: 70

Merit: 0

Quote from: Deeyoh on February 18, 2018, 09:03:08 AM

Wow, many people in this thread needs to go watch "Hidden Secrets of Money" by Mike Maloney. Taxes don't go to fix/improve anything. Doesn't even cover the interest payment on debt owed by the governments to banks. Crazy stuff here.

https://youtu.be/23DNe0cJhcU

A failure to pay, or evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.

boynegro

newbie

Activity: 70

Merit: 0

Quote from: SELENA703 on February 20, 2018, 06:15:20 AM

Hello there...so as per the question suggests, it is found out that in various nations, various laws are laid for the cryptocurrency. Likewise, in Britain,bgc is regarded as an asset...so capital gains tax needed to b paid when selling...to lower the tax rate, we should out the cash slowly...in another country like Spain,btc earnings are considered as stock market earnings...so as we earn 6 we have to pay 19% tax, for earning of 50, we have to pay 21%tax...we should in this case not hurry while outing cash...in this way we can lower the tax rate...in another country like Philliphines,it's being heard that the cemtral bank is planning to legalize btc and impose taxes upon them...India is too following the same path.

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.[1

gamalzour

full member

Activity: 566

Merit: 102

Quote from: donpepot on February 19, 2018, 07:06:58 AM

Quote from: GrowingCoins on September 12, 2017, 07:29:12 PM

in brazil there is no taxes for bitcoins.

Tax is the use of the government to grow well the country and help those poor people who can't afford living

I really hope most government are really using the taxes to help the general public and most especially the masses, not just to keep siphoning funds to make themselves rich. Tax is good in the literal sense if everything is actually going normal and the country is giving every citizen the benefits of paying those taxes, but in the case where things like this are not in place, I really end up seeing it as bullshit and I would rather leave my bitcoin in my wallet rather than paying taxes on them or even convert the tax to charity fund.

okwang231

member

Activity: 210

Merit: 11

here in the country we do not have the bitcoin tax yet because it is not yet known because bitcoin uses bitcoin but it does not make sense that the tax rate is not just a container until there is no thorough study or trial

Hans17

full member

Activity: 390

Merit: 157

Quote from: wawan99 on September 12, 2017, 07:26:17 PM

in your country income from bitcoin taxed? state the country

For my country Philippines there is no tax on the bitcoin , because bitcoin not been implemented on our country , still governments and senators debating and still a lot to talk about if whether they will approved or they will not. Still waiting and hoping and also looking forward.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: boynegro on February 19, 2018, 07:03:44 AM

Quote from: amih on February 01, 2018, 12:39:46 AM

any income from any field of business will surely be a regulation on taxation which is a duty which must be adhered to every citizen who occupies a country. samahalnya with the other adasebuah taxes that are on the bitcoin that I feel when I do a delivery of bitcoin assets that I have exchanged in exchange exchange in the local bitcoin wallet that existed in my country to be the official fiat currency that existed in my country. the tax deductions I feel when shipping my bank account number and not yet cutting when I will take the money from the bank. and I think it is the same as a tax imposed on bitcoin.

Tax is money that people have to pay to the government.

The government uses the money it gets from taxes to pay for things. For example, taxes are used to pay for people who work for the government, such as the military and police, provide services such as education and health care, and to maintain or build things like roads, bridges and sewers.

Normally, anyone who sees tax as a duty will really not have any issue; however, this tax problem is difficult for some people based on their corrupt government. Yeah, like you have said, it is very good for provision of services and infrastructures, and to always put some good structures in place, but how many of these countries normally utilize these taxes for all those things ?

I am not against tax, I am just against corrupt government which if I find myself in one, and tax definitely sucks since I do not get the value to the tax I am paying.

SELENA703

newbie

Activity: 21

Merit: 0

Hello there...so as per the question suggests, it is found out that in various nations, various laws are laid for the cryptocurrency. Likewise, in Britain,bgc is regarded as an asset...so capital gains tax needed to b paid when selling...to lower the tax rate, we should out the cash slowly...in another country like Spain,btc earnings are considered as stock market earnings...so as we earn 6 we have to pay 19% tax, for earning of 50, we have to pay 21%tax...we should in this case not hurry while outing cash...in this way we can lower the tax rate...in another country like Philliphines,it's being heard that the cemtral bank is planning to legalize btc and impose taxes upon them...India is too following the same path.

Master Third

newbie

Activity: 161

Merit: 0

Our government never ask tax from the governor, how will they do that if they don't give their support to it. The reason behind is they are afraid that this bitcoin can ruin the economy of the country. Because if they will going to support bitcoin many investors will go in to withdraw their investment or some part from it just to invest in bitcoin. It is possible to happen because investing in bitcoin is easy to get a high profit than in some legal aspect which are under the government but very law of making a return.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: marcuslong on February 19, 2018, 05:22:31 AM

Quote from: wawan99 on September 12, 2017, 07:26:17 PM

in your country income from bitcoin taxed? state the country

In our country taxes of bitcoin is not implemented because government is not accept cryptocurrency . They keep reminding those people who are using this kind of transaction that its definitely a scam . But if government wanted to accept for this kind of cryptocurrency in a community was usually amaze people in how it works . Taxes of bitcoin has a great help To improve our economy grow and prepare for crisis and also its for people sake such as roads reworking, infrastructure, schools and commodities of people who are less fortunate.

I think that your country needs to do a lot of research first and also be careful in telling that the cryptocurrencies are scam because cryptocurrencies are not scam because they are for real and they are here to help us in finding opportunity and also to give solutions to the current problems from minor to major problems that can be solved by the cryptocurrencies.

donpepot

newbie

Activity: 70

Merit: 0

Quote from: GrowingCoins on September 12, 2017, 07:29:12 PM

in brazil there is no taxes for bitcoins.

Tax is the use of the government to grow well the country and help those poor people who can't afford living

boynegro

newbie

Activity: 70

Merit: 0

Quote from: amih on February 01, 2018, 12:39:46 AM

any income from any field of business will surely be a regulation on taxation which is a duty which must be adhered to every citizen who occupies a country. samahalnya with the other adasebuah taxes that are on the bitcoin that I feel when I do a delivery of bitcoin assets that I have exchanged in exchange exchange in the local bitcoin wallet that existed in my country to be the official fiat currency that existed in my country. the tax deductions I feel when shipping my bank account number and not yet cutting when I will take the money from the bank. and I think it is the same as a tax imposed on bitcoin.

Tax is money that people have to pay to the government.

The government uses the money it gets from taxes to pay for things. For example, taxes are used to pay for people who work for the government, such as the military and police, provide services such as education and health care, and to maintain or build things like roads, bridges and sewers.

Rafar8

newbie

Activity: 40

Merit: 0

Quote from: wawan99 on September 12, 2017, 07:26:17 PM

in your country income from bitcoin taxed? state the country

Russian Federation

With each sale bitcoin will need to pay personal income tax at a rate of 13%.

That is, if you bought 30 thousand bitcoins and sold for 60 thousand, then the tax must be paid from 60 thousand and so on with each sale.
Moreover, if we assume the cost of bitcoin has fallen, and you bought for 60 thousand, you sell for 30 thousand, then with 30 thousand you will also have to pay personal income tax.

The need to pay taxes in such amounts is due to the uncertain nature of bitcoin (whether it is money, or the right of claim, such as shares).

The lawyer also noted that frequent deals with bitcoin will signal to the state that you are doing business. By law, this must be done only after registration as an individual entrepreneur, otherwise article 171 of the criminal code "Illegal business"

Topic: tax - page 2. (Read 2693 times)