tax - page 5. | Bitcointalksearch.org

Will.Smith

full member

Activity: 415

Merit: 103

"Revolutionising Marketing and Loyalty"

Quote from: Dissident991 on February 10, 2018, 05:22:50 PM

In Russia bitcoin is not yet taxed, but our government really want to get some money from crypto. They just don't know how to do it, the last legistation that they proposed is too raw.

Yes, if they understand how to slice that profit from the people they would do that immediately without any doubt. But I hope they will be smart enough to not ban ICOs or crypto payments in local small businesses.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: roxbit on February 11, 2018, 05:12:22 AM

In my country I haven’t heard of the government governing on bitcoin tax. But if that will come I just hope it goes well to the people for the betterment of the country as a whole and not to some individuals for their personal interest (corrupt politicians) only.

The tax free movement of bitcoin will end world wide when the regulations come into place,i do pay my takes for the profits i make with any digital asset and there is no exemption to that rule,but it is a bit complicated subject as there are two different types of taxation ,for long term and short term investment.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: james23 on February 10, 2018, 09:43:11 PM

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

in your country income from bitcoin taxed? state the country

We should pay taxes as a citizen of our own country we should pay our yearly obligation and share a little amount of our salary

I don't think OP is kicking against paying of taxes. From the topic, I guess is just the curiosity about knowing if certain countries tax bitcoin investors or if others don't tax on it.

LadyBB

newbie

Activity: 76

Merit: 0

Money that you have to pay to the government so that it can pay for public services.people pay tax according to their income and businesses pay tax according to their profits.

Similificator

sr. member

Activity: 882

Merit: 403

Umm, nope. My country as of this day still does not require anyone here in our country to pay taxes for earning, using or holding bitcoins. In fact, our government is showing no reaction about any crypto currencies yet. Or should i say, they do not care about cryptos or whether we use it or not. But it really is hard to say if they are secretly talking about it behind closed doors or something since they are completely silent. Maybe they just choose to not care about it yet because there are currently so many things that needs attention here in our country right now.

And even though I like the no tax thing, I am not against it since it is clearly an obligation that we owe our country.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: james23 on February 10, 2018, 09:43:11 PM

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

in your country income from bitcoin taxed? state the country

We should pay taxes as a citizen of our own country we should pay our yearly obligation and share a little amount of our salary

for the moment being grateful there is not any tax for bitcoin because the government in my country is still adamant about his view about bitcoin that bitcoin is an illegal currency and commodity so they do not give taxes on its users but even though my government forbids bitcoin to be traded. but its not at all disrupts my transaction and investments. only that decision makes the market go crazy, hope the market get recover soon

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: foxbat on February 11, 2018, 05:24:56 AM

I think the government has the right to tax us. Although I am not taxed by the government, I am taxed by the bank. They tax the money I receive in my account. This is inevitable.

If you are not taxed so as the other bitcoin users from the other countries then i am here to say that the taxing for the cryptocurrency users will be available very soon because the government will publish their order to tax the people and it is just because they want to be fair to the businessman and also other people who are working and earning but they are getting taxed.

foxbat

sr. member

Activity: 484

Merit: 250

I think the government has the right to tax us. Although I am not taxed by the government, I am taxed by the bank. They tax the money I receive in my account. This is inevitable.

roxbit

member

Activity: 294

Merit: 10

Quote from: PG13 on February 11, 2018, 04:23:46 AM

Quote from: anzhanbei1214068 on February 11, 2018, 01:27:21 AM

In our country, there is no tax on bitcoin, because it has not been recognized by the state.

China has no tax laws on digital currency.

Same with with my country, there's no guidelines regarding the implementation of taxes but the government allows the transaction of digital currency as long as you will undergo the KYC verification from the exchanges that has license from the government. Maybe sooner as the market of cryptocurrency getting bigger, they will implement taxes. Hope that taxes is not high so we can still enjoy this blessing from digital currency.

In my country I haven’t heard of the government governing on bitcoin tax. But if that will come I just hope it goes well to the people for the betterment of the country as a whole and not to some individuals for their personal interest (corrupt politicians) only.

Bitcoinjheta

full member

Activity: 798

Merit: 104

Quote from: PG13 on February 11, 2018, 04:23:46 AM

Quote from: anzhanbei1214068 on February 11, 2018, 01:27:21 AM

In our country, there is no tax on bitcoin, because it has not been recognized by the state.

China has no tax laws on digital currency.

Same with with my country, there's no guidelines regarding the implementation of taxes but the government allows the transaction of digital currency as long as you will undergo the KYC verification from the exchanges that has license from the government. Maybe sooner as the market of cryptocurrency getting bigger, they will implement taxes. Hope that taxes is not high so we can still enjoy this blessing from digital currency.

Perfect country mate. Well in the case of my country in Asia bitcoin has not yet taxable by the government only the trading site has the authority to get the tax by means of transaction fees rather. The government allows his people to earned because they think it can help to excel there livelihood cause what ever earnings will go through the economic growth of the country as well.

PG13

member

Activity: 322

Merit: 10

Quote from: anzhanbei1214068 on February 11, 2018, 01:27:21 AM

In our country, there is no tax on bitcoin, because it has not been recognized by the state.

China has no tax laws on digital currency.

Same with with my country, there's no guidelines regarding the implementation of taxes but the government allows the transaction of digital currency as long as you will undergo the KYC verification from the exchanges that has license from the government. Maybe sooner as the market of cryptocurrency getting bigger, they will implement taxes. Hope that taxes is not high so we can still enjoy this blessing from digital currency.

jinxing

member

Activity: 276

Merit: 11

In my country every income is taxable. The public interest to invest in bitcoin is greatly increased because of the high price of digital currency. Therefore the sale and purchase of bitcoin is taxed. Tax payments are a liability for each investor.

agamyan777

newbie

Activity: 434

Merit: 0

The National Assembly of Armenia will consider the draft law "On Digital Technologies", which proposes mechanisms for regulating the mining of crypto-currencies. The author of the document is the deputy of the opposition faction "Elk" Edmond Marukyan, writes Eurasia Daily.

The bill introduces mining on the territory of the country in a legal field: it is allowed to obtain crypto-currency both legal entities and citizens of full age without obtaining any additional license.

In addition, it is expected that until the end of 2023, the activities for the production of crypto-currency will be completely exempted from any type of taxes.

anzhanbei1214068

jr. member

Activity: 166

Merit: 1

In our country, there is no tax on bitcoin, because it has not been recognized by the state.

China has no tax laws on digital currency.

makolz26

sr. member

Activity: 714

Merit: 254

Quote from: burnchan on February 11, 2018, 12:58:35 AM

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

in your country income from bitcoin taxed? state the country

In the Philippines, Bitcoin is not yet taxed. However, the Philippine Bureau of Internal Revenue might start to collect tax sooner after the they issue a clear guidelines on cryptocurrency transaction. The tax to be collected will depend on the classification of bitcoin. Hopefully, the tax to be collected will not be too high. This because Bitcoin is a good source of income to compensate the increase of the living cost due to the newly imposed excise tax.

Well, it is okay to imposed tax for as long it won't burden enough to the tax payer, the bad thing in our government is that they are abusing their power by imposing a tax that is really burden especially to ordinary person. Just like when you have a passive income and you are required to pay 20% final tax that 20% is too big for me. I think it is not fair enough.

burnchan

newbie

Activity: 240

Merit: 0

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

in your country income from bitcoin taxed? state the country

In the Philippines, Bitcoin is not yet taxed. However, the Philippine Bureau of Internal Revenue might start to collect tax sooner after the they issue a clear guidelines on cryptocurrency transaction. The tax to be collected will depend on the classification of bitcoin. Hopefully, the tax to be collected will not be too high. This because Bitcoin is a good source of income to compensate the increase of the living cost due to the newly imposed excise tax.

lucario21

jr. member

Activity: 146

Merit: 7

In Philippines bitcoin earnings were still non-taxable and it's a good thing for us that we can enjoy our profit without worries from our government. However I am not against if they implement the taxation of btc or any crypto-currency.

moneyangel

member

Activity: 336

Merit: 10

W12 – Blockchain protocol

Quote from: james23 on February 10, 2018, 09:43:11 PM

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

in your country income from bitcoin taxed? state the country

We should pay taxes as a citizen of our own country we should pay our yearly obligation and share a little amount of our salary

Yeah, I agree on you. As long as we are profitable in our investments I find no reasons to opposed if the government will ask for taxes but luckily our government here has no implementation such rules in dealing cryptocurrency. Maybe if bitcoin in here will be more popular like Japan, our government will implement that taxes but that's not a problem to me as I will pay what is due to them.

james23

newbie

Activity: 126

Merit: 0

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

in your country income from bitcoin taxed? state the country

We should pay taxes as a citizen of our own country we should pay our yearly obligation and share a little amount of our salary

kolitski

member

Activity: 518

Merit: 10

Here in my country you pay taxes with your income but income tax from bitcoin is not yet to be impose in our government, i think coin.ph was paying taxes. In my opinion bitcoin no need tax it is because decenralized currency.

Topic: tax - page 5. (Read 2693 times)