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Topic: Tax v Bitcoins - page 2. (Read 2466 times)

sr. member
Activity: 714
Merit: 250
December 19, 2016, 10:48:37 PM
#8
As mentioned above, read the other threads. But to find a real and specific answer you will need to talk to a tax consultant in your country. The short answer is yes, I am not aware of any nation that does not have an applicable tax on bitcoin.
Depends what taxes are we talking about. Bitcoin is free of VAT tax in every EU country. Also in some countries, like Germany it's also free of income tax, if you held it for over a year and it's not your regular source of income. On the other hand it's best to pay taxes if you're planning to buy a house or a car with your coins, because most countries require the sellers to report civil law transactions and the revenue office likes to keep an eye on those. Wink

This confused me, in my country income in bitcoin not wearing VAT, and to work into bitcoin miner and farmer in his status is still in question, but if BTC redeemable it will have its own taxes every year
legendary
Activity: 1288
Merit: 1087
December 19, 2016, 06:30:34 PM
#7
Shortanswer, A Big YES if you ever convert it to fiat. For a more detailed answer refer to this thread: https://bitcointalksearch.org/topic/do-i-have-to-pay-tax-on-bitcoins-1631867

depends. in germany as long as you've held for over a year there's no capital gains. kind of strange but there you go. i guess it might well change soon.
legendary
Activity: 1372
Merit: 1000
December 19, 2016, 02:53:43 AM
#6
Shortanswer, A Big YES if you ever convert it to fiat. For a more detailed answer refer to this thread: https://bitcointalksearch.org/topic/do-i-have-to-pay-tax-on-bitcoins-1631867
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
December 17, 2016, 07:22:07 PM
#5
As mentioned above, read the other threads. But to find a real and specific answer you will need to talk to a tax consultant in your country. The short answer is yes, I am not aware of any nation that does not have an applicable tax on bitcoin.
Depends what taxes are we talking about. Bitcoin is free of VAT tax in every EU country. Also in some countries, like Germany it's also free of income tax, if you held it for over a year and it's not your regular source of income. On the other hand it's best to pay taxes if you're planning to buy a house or a car with your coins, because most countries require the sellers to report civil law transactions and the revenue office likes to keep an eye on those. Wink
hero member
Activity: 798
Merit: 500
December 17, 2016, 04:00:05 AM
#4
Do I have to pay Tax on Bitcoins?
whether the currency Bitcoin has become the first in your country or not if bitcoin is not the first currency in your country, you do not have to pay taxes. it seems to me
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
December 12, 2016, 01:51:25 PM
#3
As mentioned above, read the other threads. But to find a real and specific answer you will need to talk to a tax consultant in your country. The short answer is yes, I am not aware of any nation that does not have an applicable tax on bitcoin.
hero member
Activity: 761
Merit: 606
December 12, 2016, 01:47:19 PM
#2
Seriously, there are dozens of threads here answering this question, BUT, you haven't even told us what country you are talking about!
newbie
Activity: 4
Merit: 0
December 12, 2016, 07:20:34 AM
#1
Do I have to pay Tax on Bitcoins?
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