Bitcoin Forum

I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view  bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.

If you sell Bitcoin for Fiat, then you have to pay taxes.
While Bitcoin is a currency, it is considered a commodity and therefore by selling it you're 'making money'.
It's illegal if you don't pay taxes.

Applying the same logic: I'm expecting inflation and buying USD for my EUR. Then EUR lose 1% and at the same time USD is getting 1%.  If i exchange it back i will get 2% income (1% counting the inflation cut). So should i normaly pay tax for this income after i tried to save my money in another currency?

As you make money, you pay more on tax. Example: if you make a sale or convert a digital currency to another, or you pay for any shopping services using your currency, you have to pay tax.
Your total paid or return reaches you including tax.

if you don't sell you don't pay any tax, from the moment you dump for fiat you pay a% of tax, but this is true on everything, bitcoin is no different, but bitcoin allow you to avoid tax, if you use it as a currency that's is the beauty at least for now

also if you sell on exchange but leave the money there you also don't pay anything, you can always get those back into bitcoin, for trading

Luckily no. In Austria and Germany there's the following approach on Bitcoin's currency / commodity dichotomy: You only have to pay income taxes on Bitcoin if you get paid with it (ie. Bitcoin being used as a currency to pay for your goods and services), make profit as a day trader or sell it as a product (ie. you're a company / broker offering Bitcoins). If used as a commodity / store of value, there's a minimum holding time of one year after which you can sell Bitcoin without any taxations on the profits (akin to gold).

It can be considered trading income or capital gains, when you sell your bitcoins for fiat.
Most countries have some kind of tax on capital gains. The tax rate could be different depending on whether it is short term or long term capital gains (depending on how long you hold your bitcoins).

I got taxed after I sell my coin, the exchanger automatically charge it, but there are still no rules yet for the tax income, in the future I think all of our activity that can be supervised like selling or buying will be taxed, the government doesnt really care about it, as long as you gained more money using bitcoin then you need to be taxed

During the early days people used bitcoin to escape taxation and later on things got changed little by little. On the whole the taxation has been now regulated based on the transactions performed in several countries. Hope the same will get used around the world countries when more people start using bitcoin.

This is common in the States because Uncle Sam hates people missing their tax payments and they come after any form of tax evasion. Crime lord Al Capone was caught and imprisoned for tax evasion, not for murder or for other crimes related for being a mobster.

Heres the good news. If your BTC trade ended up in a laws you are eligible for a tax cut.

whenever i have sold bitcoin for local currency i have always done it at much higher market prices and p2p and that means no taxes ;)

also we are moving towards a world where bitcoin taxes are only for investors in bitcoin. this means if you go on an exchange and try trading bitcoin or buy and sell it there you will have to pay taxes.

but if you are using bitcoin to buy something (aka use bitcoin as a currency) you don't have to pay ANY taxes. it is 0 tax for that.

and everyone is happy about it. the traders make a lot so they don't care and the users are happy because obviously 0 tax!

Buying bitcoin, selling of your bitcoin, converting bitcoin into fiats and fiats into bitcoin you are paying taxes. You might think that bitcoin is a decentralized digital currency, but you are still paying for your transactions, we know most of them as fees, especially to wallets or applications or a company.

Here in my country it is understood because all income is taxable. Income, in whatever form, and from where ever for as long as it is still considered income, a certain  tax is imposed. However, with regard to bitcoin income, it is hard for my government to track them as these are all online. The Internal Revenue cannot easily monitor people's income if they are through online transactions.

In my country bitcoin taxed As of November 9, 2016, all fees for both transactions and withdrawals incurred in Bitcoin have included VAT (Value Added Tax) of 10%. While to send bitcoin to fellow wallet was not charged.

I dont agree with you at all, with your premise, if you sell bitcoin for fiat then you should pay tax, if thats the case then if you buy bitcoins with fiat, you should then pay tax again since you consider it as a commodity.

I think that this is really a dillema since some people consider bitcoin a separate resource from mo ey that is taxable but we have to agree that bitcoon functions and is used as mo ey that is taxable. Thug in some points I agree that with the taxes imposed to bitcoin makes it harder to enjoy it like it used to before but in the end I think it is a price we really have to pay

Wanted to know if there is any country which has Zero tax on Btc . Well rest in the tax paying nations I think they will have to pay as per their category under which they fall in the tax bracket . Well if Btc is treated as separate entity then it's a different story .

In my country it has not been formalised but when its eventually done, then its going to be against profit that one will be taxed and nothing else but that will mean serious documentations and updating in other to ensure the right amount of tax to be paid in which I am sure we have the capacity yet. To other countries, bitcoin will be regarded as stock where one pay say capital gains tax in its disposal if there is a profit though.

You need to understand first what is Income tax, it is a tax which is paid on income. How buying bitcoins for money considered as income? You go to shop, buy grocery then do you need to pay income tax on that?
Don't confuse pro economics term with bitcoins.

+1

Governments are still not focusing enough on Bitcoin to make it necessary to pay taxes in the sense that there is practically no way to get caught. Most people, I believe, who made a fortune with Bitcoin do not pay taxes on it... why would they? The government has no idea and even if they do they cannot prove you actually own an address without knowing your secret keys and/or password, so it would be a futile endeavor for them to even try.

With that said, it is still advisable to pay them so as to avoid any potential legal or repayment issues down the road.

As a citizan you must do your obligation on your taxes although it is on the internet they know what you are doing. The government know about everything. And if you don't want to pay a tax don't sell or buy bitcoin.

Yes, the government knows everything; however, sometimes they ignore some things, bitcoin is an example in my country, i can use it freely, i do not need to lose any numbers money to pay taxes.

How about if you mine coins yourself? Mine 1 BTC and sell it for $2000, is that a $2000 capital gain (in the US)?

Cause buying fiat means selling coins not buying bitcoins.
So it is considered taking profit unless you will be able to prove that you spent more on those cons that you sold them for.

Rather than giving advice about "pro" economics learn how to read.

Yes, that is a fact that is taking place in countries that accept bitcoin, where bitcoin is like a business vehicle, it is a real currency, and its users pay a tax for items they use.

As every income tax on financial speculation gain, "bitcoin tax" can be prolonged by making investments with the gained income.

That does not save you from paying tax but it just prolongs the payment. And maybe it is not so unfair, because you might as well lose that income in the future.

I am not advising anything. Its not that I am doing that, thats all I have heard how rich people avoid paying the income tax.

They either present transfers as loses, or they invest the gains. For the not so rich like ourselfs, buying things with bitcoins is a great way of spending the gained bitcoins over the internet without the worry of taxing errors.

For some transactions with reasonable nominal taxes may not be very influential, the whales avoids taxes because he doesn't want to destroy them all by giving a quarter or even half of their income for taxes. I understand that, but it's good to be a statesman, taxes needed for development, we should not think too much about corruption.

So far my country has not yet made any clear regulations about taxing bitcoins despite recognizing it as legal and I hope it stays that way. I  mean, how would they consider bitcoins? Would they tax it like it was money in a bank account and then tax it again when you sell it for fiat?

For now the only thing I'm not satisfied with is the large spread between the exchange's buy and sell price. I suppose they also have to pay the government certain fees.

In my country Bitcoin still havent been taxed as of now Its not still accepted and regulated but there is already a local wallet service provider do offer on buy and selling bitcoin which im little bit in doubt on buying since spread of buy and sell is too high which i do save up money for having a bulk transaction on buying bitcoin without being affected too much on the spread. Tax isnt still imposed but those high spreads i consider it as tax. lol

I think as long as you can still do bitcoin transactions and there is never a problem in the transaction, legality is certainly not very necessary. And probably still have a good chance because it is not obliged to pay income tax from bitcoin.

In most countries if you buy something and then you sell it for an higher price then you need to pay taxes on it, if for example if you buy a house for 100000 dollars and then you sell it for 120000 then you need to pay tax on the 20000 gain that you got.

The fact is that every state exists at the expense of taxpayers. I think every citizen wants to have a strong army in his country and even some social guarantees. That all the institutions of the state work at 100%. This all requires money and we must understand that the state treasury is filled from taxes. But only one question is of interest to all, the rich should pay more than a simple worker.

It is appropriate that people with abundant wealth pay taxes and in accordance with income they earn from business they run, but of course the government already has a regulation that regulates income tax between the rich and poor certainly have differences regarding taxes paid .

As you mentioned that it government will charge a tax on bitcoin or not. As you withdraw that money into fiat money there are a lot fees which is placed by government. So therefore we can say that it will be same as we are doing right now and pay the prices of every, and each bitcoin.

Not in my country, even in Japan has abolished the rule of 8% consumption tax on bitcoin transactions. But, buy bitcoin require fee for miners and most people convert bitcoin through echanges which you have to pay fee in order to withdraw fiat currency, it's a common rule. I won't say it stupid, as the rule exist to make each other could get benefits, we should pay pennies to $1-$2 for their services.

I think legalization is not so important if at this time you can still make transactions easily and without any hindrance, Besides with legalization of course the government will give some conditions such as paying tax for bitcoin users for their earnings in bitcoin

What fees? Can you give an example?


You don't have a clue what tax that was and what he is talking about.
Japan has abolished a consumption tax on buying bitcoins , treating it like euros for example.
You don;t pay consumption taxes when you buy euros for yen , do you?

But you will still pay taxes if you made profits by selling and buying bitcoins in Japan, in Us , EU and anywhere in the civilized world.

I don't mind paying taxes. I wish I had the influence to encourage governments to spend tax revenues more efficiently and wisely.

Too many state based policies and programs revolve around blindly throwing money at problems without real analysis or facts being given.

The US healthcare issue is a prime example of this, where the majority of americans don't have full facts or details on anything.

I think it's not that mandatory and with bitcoin with taxes is a kind of crap for me, because it's an independent type of income online which people can benefit of those advantages. So if I were to think of digital currency to spike of it's price online; it should be fair enough to people to generate higher income rare which is separated form the government's control.

What tax do you mean? If the tax paid to the government of course it does not exist until now. Maybe you mean the cost of making a deposit, withdraw and exchange bitcoin. It is very different from the tax, because it is the cost of using a service on an exchange. Tax reporting to the government has never been found.

That is odd and I think it is wrong. First we must know the origin of that Bitcoin in which it came from does it come from a payment from your business? or does it come from a remittance of a friend or family member? Converting your Bitcoin to Fiat currency is not taxable by means of income tax not unless your are and exchange earning money of conversion. Other than that I think you have mistaken a different kind of tax for Bitcoin. Any tax like income tax will be voidable and reimbursable from the government.

I believe bitcoin's legal status is not clear in majority of the countries and that creates a lot of confusion on taxing part. People are unsure about how to pay tax on bitcoin. My country is having the same status So I am disclosing my bitcoin incomes in my tax filing every year since last two years.

having said that, I only disclose what I have cashed out in fiat. So my actual bitcoin holding I am not disclosing as I am not getting any income from it. I am disclosing only the amount I have converted in to fiat. I hope I am doing the right thing.

Most of countries consider Bitcoin as an asset or intangible property ( as by IRS ). Bitcoin's treatment as an asset makes the tax implication clear. However, taxation on bitcoins and its reporting is not as simple as it seems. For starters, it is difficult to determine the fair value of the bitcoin on purchase and sale transactions. Frequent traders and investors could use "first in, first out" (FIFO) or "last in, first out" (LIFO) accounting techniques to reduce tax obligations.

Well it's complicated but I think the best way to include taxes on Bitcoin transactions would be to add them up to the miner fees and charge them per each transaction that moves over the blockchain but I don't know how practical this could be since we are all not living in the same country and our laws regarding taxes might vary.

This is a bitter truth in the current time , earlier there was no tax needed to pay to make buy and sell of the Bitcoin but currently many countries government are making Thier eyes attention at the Bitcoin and Bitcoin users in the countries .
Here I myself facing the big problems regarding this , because due to high taxation system , the trader always sell Thier btc at very high price in comparison of current price .
And also many types of the exchange which are making buy sell Bitcoin directly are making the charge of tax fee 18% ( in my country) .
So I think this is all over the force at the life of the buyers and sellers only because traders can manage by making more charge at the customers but problems are falling at our head where at the edge we will have net no profit and no loss , I means to say that we can't make profit in small deals , we only needed in this case of bulk deals to make profit .

Whenever you sell bitcoin for fiat currencies, like on websites like localbitcoins.com, you will have to pay a tax that the website will take away from you. Before, when buying or selling Bitcoin there wasn't a tax that was taken away from you, but now since Bitcoin has caught the eyes of some governments, they have implemented a tax on them. This makes it hard to make profit off Bitcoin, especially by doing buy low, sell high. Try sell in large quantities to avoid being taxes a lot.

There is an old adage or wisdom

Which says that you shouldn't trouble trouble until trouble troubles you. It is your choice after all but as you say yourself you can only hope that you are doing the right thing. With Bitcoin taxes, the issue is twofold. First, it may seem to be "ideologically" or morally right (and feel good at that) to pay taxes on your income and in some countries it may well be so (though in the majority of others it is certainly not). And, second, you may in fact be making yourself more bad than good since the authorities would know that you have bitcoins, and if there is some commotion about Bitcoin usage in your country, you will be among the first to reap the fruits of it, so to speak

It depends on where you live. In the U.S. there has always been a capitol gains tax on bitcoin. Whatever profit you see from selling your coins is taxable. If you lose money you may also be able to claim a loss, but your profits are certainly taxable.

I don't get why people always think that bitcoins are not taxable! Just to clarify what the governments are taxing. It is not taxing the use of bitcoins or owning it. What the governments are taxing is the income your derive from the use of bitcoins. If you buy bitcoins at $1,000 and sold it for $2,300 then that would mean that you are liable for income tax for the $1,300 profit!

That all depends on specific jurisdiction

In some countries currency exchange operations (and thus income earned through them) are not taxable. So if you bought, for example, 1,000 dollars with some local currency and in a year sold the same 1,000 dollars at a premium, you may not have to pay the income tax. In this way, if Bitcoin is legalized as a currency, the income earned with it won't be taxable in that country. Apart from that, if Bitcoin is considered as property, you may not have to pay taxes either provided you kept your Bitcoin stash for a certain period of time (say, over a year)

Miner fees are much better than taxes. As you know government taxes are more than miner fees. So it is better that bitcoin is taking fees on transactions etc by miners. I would prefer that miner’s fees are much better than taxes. Taxes would decrease the demand of bitcoin in a market. If there is no demand how bitcoin will run?

Well bitcoin kinda is already taxed, but only for US citizens, and only after you convert it to a Fiat currency. So we kinda have to deal with the high fee situation and the capital gains tax situation, but I will concede that most likely, virtually no one is paying proper bitcoin tax. I  use the Shift card that Coinbase offers; I'm subject to sales tax on my bitcoin purchases, which is interesting.

If you didn't buy some bitcoins then nope. You pay taxes on the profits made from buying and selling only


Not difficult, you know how much dollars you injected and how much dollars you receive from sales. It's up to people to keep track records of the money spent to buy


Bitcoin is taxed not only in the US, there are several countries as well. Is no one paying taxs on Bitcoin? There are a loooot of people and companies paying those taxs. And trying to avoid to pay those is the same as looking to cheat the country, the population, own friend, family, etc. If people cheat the taxs then they shouldn't be eligible for a lot of things in their own country



You have to pay taxs on food, do you see a decrease of food market/demand?

You should not be comparing miner fees and taxes. Both could exist and hit your wallet. Transaction fees will go down when scaling solutions are implemented. You cannot say the same thing about taxes.  :)

Taxes would in no way affects miner fees as they are both independent while an indivudal is earning bitcoin for his job or activities or even sale, the miner is collecting his own fees for making the transaction possible so in the case of tax, both of them will be taxed because they are both generating income. For those whose countries have taken a position, there is really no way out of it but for countries like mine, we just need to keep hoping the decision is not taken any time soon in to keep enjoying our interest free investment.

It is true that there tax is applicable on bitcoin trading. You have to pay the tax if you are selling your bitcoins in your local bitcoin exchange for fiat.

Here in my country, there is no tax when you buy bitcoin but there is a fees when you buy in bitcoin company like coins.ph, buybitcoin.ph. Thats why they earn a lot of profit / money because of they make a business that trade real money into bitcoin.

At us while bitcoin it is not assessed tax, but I think in a short time in all countries will begin bitcoin to tax. The state wants to profit from any valuable things and it will find a way to do it.

In my country there is no such problem. I deduce on the Bank account only in small amounts and therefore they are not monitored by tax authorities. When making major purchases there are many other ways how not to pay taxes.

If you make a lot of money, like dozens of thousands USD per year, trading cryptos, Bitcoin included, I think taxes should be paid from that. But taxing every $20 worth of Bitcoin selling is ridiculous imo. Amount should matter, rich people have to pay more taxes, poor people shouldn't pay any. But that's just my opinion.

If bitcoin has been inaugurated in my country then the government will issue tax on each user, As we know that bitcoin does have properties that do not materialize so bitcoin only serves as property only but its value is so valuable that bitcoin users of course burdened with the existence of separate taxes not from Government because its existence can not be inaugurated.

For you personally, the fees that you end up paying for using whatever service have nothing to do with tax at all.

In this case it's the service in question that is responsible for paying tax over their operational income (which obviously fee income is also part of).

But as always, they will have no problems with legally finding a way to avoid paying the full percentage of tax, which at the same time can't be said about regular users.

At most they can choose to hide a large portion of their holdings and profits, but that obviously isn't a legal way of avoiding having to pay the full tax percentage. ::)

There are different opinions

For example, I agree that poor people should not pay any income tax at all. In this way they will be prompted to earn more (well, at least, I think so). But I disagree that rich or wealthier people should pay more overall. There should be a flat tax for any level of income. Otherwise, rich people will be looking for "optimizing" their taxes (well, they will be looking for that anyway, but in the latter case there will just be more incentive). But since their wealth allows them to hire more experienced and skilled financial and tax advisors, they will do a lot better at this tax burden optimization than ordinary people. And the progressive income tax may in fact work in reverse in real life, and less rich people may end up paying more than wealthier tax payers

yes no tax even in my country on bitcoin. i think my country the government even do not know about bitcoin but still there are a lot of people who are using bitcoin, in future when bitcoin will become so much popular and become legal currency then may be government put tax on bitcoin.

OP is asking will you pay tax for your Bitcoin money. You people are miss understanding this without knowing you are paying tax to your governament. Yes, we all are paying tax to the government. How you know you will sell your bitcoins and that money will come to your bank account right. So this transaction will be noted in the bank statement. The government will check your yearly transaction if it crosses the limit you should pay income tax to your government this is the standard rule in all countries. So we all pay tax to governament.

Maybe the fee's are included when you guys buy bitcoin but if government included taxes those who gonna buy bitcoin then this is different questions people are using bitcoin because they don't want to pay high taxes in work eople don't want to pay taxes because its need they using bitcoin because they want it low fees whether they sending money or using it as their personal purposes .

I agree and that's why I am averse to the progressive income tax. Taxes should be high for rich people, but they shouldn't be progressive because, apart from what you've said, progressive income taxes suppress initiative and thus we can get stagnation we all don't want.

But there are still a few caveats

More specifically, you can't make taxes high only for the rich, and set no taxes for the rest of the population. That wouldn't be much different from a progressive income tax in its effect. Basically, it would still amount to setting up a tax ladder as is the case with an outright progressive tax. No progressive tax policy should limit itself only to really poor people who actually need it, and which doesn't raise any questions in respect to its fairness. Everyone else should pay the same tax burden (in percentage terms, obviously) or doesn't pay any income tax at all

I agree with you in general and I wasn't saying no taxes for the rest of the population, I was saying no taxes for the poor. I know that in some cases progressive taxes eat almost all the profit and I think that is ridiculous.

Yup exactly there is no taxes on bitcoin. There is no need taxes on bitcoin in our country. If there are taxes allowed on bitcoin then the demand of bitcoin will decrease so there for taxes are not better. I would like that say that no just in your country there is no taxes in our country also there is no taxes so yes bitcoin is decentralized and we are happy with that.

As far as I understand, Bitcoin users will still suffer from what they want to legalize Bitcoin. The point is that the entire government as soon as the process of implementation begins, will be in other ways to control financial matters. Therefore, there is no question of anonymous crypto currency world. And you will have to pay taxes like that already by itself.

Honestly I have no clue what you just said here.
Can you enlighten us in a proper earthling  language?


You understand wrong:)
There will be no taxes on bitcoin.The taxes are on earnings made from bitcoins.
Just like stocks and forex.

Nobody will tax you if you buy bitcoins and spend them with no earnings in between.

Why would tax from government I mean why would government take taxes now a days on bitcoin.
As we pay high fees through internet is not enough that government is also taking taxes from us. I would recommend to government stop taking taxes when we transfer our bitcoin to banks then yes we will ready to pay taxes after that.

I think this is really absurd, I believe there shouldn't be any taxes when one currency is exchanged for another, If on the other hand bitcoins is used to buy products and services then and only then should they become taxable. In my country i dont face that kind of situation.

In my country, I also did not encounter the fact that taxes were taken from transactions with bitcoins. But this is due only to the fact that the government has not adopted such a law. As soon as the government turns attention to bitcoin, operations with it will be taxed.

Tax on bitcoin is not a problem for now as countries still plan to legalize bitcoin and until they don't legalize it in front of the tax department bitcoin is nothing for them so how can charge tax on something which isn't legal yet. And even if they try to charge taxes there are many ways to escape

The good thing is that there is no taxes with bitcoin, no matter how much you earn. But the point to be noted is that in case if you convert your coins to Fiat through legal means, then govt can charge you taxes on the Fiat.  ;)

In the beginning when bitcoin was gaining popularity little by little most of the bitcoin users were high volume fiat holders who use bitcoin to escape tax and for high volume transactions. Now this has decreased a lot, as people has started to give importance as a investment which too is taxable.

While converting our bitcoins to fiat currency, we have to pay 2 tax amount. One for exchange site they will charge some amount to exchange our bitcoins to fiat. And next to that amount will deposit in our bank account. Here we have to pay income tax to our governament.

I pay my income tax after bitcoin withdraws. This is forced with law and not paying this tax in unlawful. It would be great if there is zero tax, but we pay tax everywhere on the world.

Those are not taxes.
Those are the fees of the service you're asking for.

The fee of the exchange and the fee of the bank.
You're going to pay income tax to your government only after you file for income tax from your trading.

bitcoin is not currency and it should not be taxed.

I think when it will be legal then it taxes will be included here, I want to say about the benefit of the economy every government should impose the tax on every economic activity so Bitcoin is not out of these. so it doesn't matter if the tax is included in here. so it should take it easy...

Yes, we need to be get ready to pay taxes for bitcoins as approving bitcoin as a legal currency/asset will be opening enormous opportunities to us hence to enjoy those things, we must be prepared to pay taxes also. But saving/holding bitcoins will not attract taxes for ever, hopefully.

Of course, if your government accepts bitcoin, it means bitcoin becomes a legitimate currency, and the user has to pay taxes when using it. I do not like that, I like freedom when I use bitcoin.

Just to be clear, in the U.S. you absolutely owe tax on bitcoin gains. It has nothing at all to do with being a currency. You owe on ALL gains. If you find a diamond in your back yard you owe on that also. There is no free profit.

Why should we mention taxes with bitcoin? There is no taxes on bitcoin because we know that bitcoin is decentralized which is helping people there is no authority on bitcoin. So how should we say that taxes with bitcoin ?

Government doesn't charge you but the banks do because they are kind of cheap people on the earth like we can say that cheap system toward bitcoin.

Bitcoin transactions can provide benefits like investments, but in my country the government or authorities have not been able to clarify Bitcoin's status. If the central bank clarifies the existence status of Bitcoin then the government can already apply the tax on the Bitcoin.

You say it as if it were the right thing

Or as though you were proud of it. Are you really? If I'm not mistaken capital gains tax means that you have to pay the tax only if you sell something and only if you book profits at that (profits being defined as income earned minus expenses incurred). In this way, if you were lucky to find a diamond about the size of a horse head in your backyard or elsewhere, you don't owe any taxes on it. At least, not until you decide to sell it, right? Further, if you keep this diamond long enough (say, for a few years), you may also not have to pay this tax at all

Generally speaking, I would not like to work legally, but people are always strangled with taxes. I actually agree to pay taxes, because thanks to them, the state lives. But I do not agree when taxes turn into state robbery. That's why I would not want Bitcoin to be legalized, because the state will be able to control my income.

I like bitcon because it gives people in the hands of the mechanism of influence on politicians and government. Now we have the opportunity to vote taxes. If I don't trust the government I earn on the Internet and do not give any penalties. Let them come up with conditions under which it will be profitable to work officially.

so you want to work illegally? lol. i think its better to stay away from illegal things, yes you are gaining something but if you got busted the loss will probably be greater than your

gains. as for taxing bitcoin don't worry they can't do that much as no one is controlling bitcoin, they can't access it. if they wan't to tax it that bad, they will probably target the

exchanges in other words, wallets with private keys you don't have any control. bottomline you get charge if you signed up on them.

How then to feel secure in their coins.

The best way to see bitcoin acceptable to the world is regulation, government regulations will have an impact on the tax sector, I think there is no problem with this because it is the best condition to be accepted in world economy. I do not think how much income they will cut but the most important is how many bitcoins are capable of generating change in modern world.

Yes, most people invest on bitcoin in order to get profits but there are some things that you have to pay as well such as bitcoin transaction fees and exchanges fees to withdraw. If an exchange has deposit fees, then it doesn't make sense, do not deposit at there.
If a country stated you have to pay tax if you buy bitcoin, what can you do to avoid that? Just pay it. Or looking for someone who wants to sell bitcoin, so you don't have to pay exchanges fees or tax.
Fortunately, in my country there is no such regulations, and all we have to pay is withdraw fiat currency on exchanges.

Very interesting situation I would've never imagined that could be possible but since it is, I would suggest that people go to alternate cryptocurrencies such as Monero which is the XMR. The question is how are can you going to pay taxes when the government cannot find out who you are ??? there are over 1000 versions of alternate cryptocurrencies search for the right one that works for your own purposes.

Sometimes I've been thinking about if bitcoin become legalize in other country is it good? because, if the government declare bitcoin as their legal currency, does this means it has tax? something like that,..but as long as bitcoin decentralized bitcoin can't have taxes in every transaction.

That would be your opinion but not from the point of view of government and moreso, its not only a currency that is being taxed other items includes property, services, documents among other variances. It now depends on the category each country wants to put earnings from bitcoin into and they will then tax accordingly and there is nothing anybody can do about it so far its within the purview of the law,

It is not clear what you mean by "legal currency"

If you mean making Bitcoin into legal tender (with which you can pay local taxes), that would make Bitcoin an official currency of that country. Obviously, it is rather strange to tax something with which you can pay taxes (I don't mean capital gains, of course). On the other hand, if you mean accepting Bitcoin as a foreign currency (sort of), then taxing it would obviously depend on specific jurisdiction since many governments follow different approaches in respect to taxing gains obtained via currency exchange operations

If one could declare it as normal income that would be great, tax rate is low, but bitcoin gains most likely qualify as capital gains, same as forex trading or stocks trading and tax rate is much higher.

Don't really know how someone would declare Bitcoin Cash, it can be qualified as dividends from bitcoin or even as a donation or gift.

My country to buy bitcoin is not taxable. But if you want to sell bitcoin .. I will be taxed. Maybe if you save your money in fiat form .. you will pay taxes on the bank or government. But if you keep bitcoin for a long time. You will avoid taxes .. and you will benefit from storing bitcoin. Your money will not be lost .. while the tax will spend your money in the future.

Luckily my goverment still forbid bitcoin usage so I can use bitcoin without pay any tax
IMO, even if my goverment one day legalize bitcoin usage, they must not applied tax on bitcoin since bitcoin basically is not a currency but it's a virtual currency

Yes, for profit from the sale of crypto currency, you need to pay tax, but in our country so far it has not been accepted and I manage to evade taxes. To avoid taxes it is also not good to sell coins, but to make purchases for them.

We can consider the taxes from the transaction fees if there is a company involved like in deposits and cashing out of our btc. I think it will be hard to put taxes in online transactions when there is no in built companies related.

Government cant tax bitcoin directly but they can able to impose taxes on the service which do accepts bitcoin in short even if they would accept or adopt bitcoin they cant directly impose taxes to its users thats why other government do really have this kind of restriction when it comes on bitcoins adoption to their place. Its a decentralized thing and no one can able to control it.

In the U.S. that would be devastating. Capitol gains tax is generally 0-15% whereas income tax is likely about 30%. You would more than double your tax burden if you had to pay income tax on your coins. 

The Bible says that people must give 10% to God. I'm not a believer, but I think that this amount is time-tested. All that the government extorts taxes more than 10% of people will hide. And bitcoin is no exception. Tax evasion is a kind of protest of the people against robbery.

Some countries have some still don't, that depends from country to country. I know about Australia they paid double taxes on bitcoin, now they don't cause the government nre measures. They wish to push that technology sector and to give it more space for developing. Sooner or later other countries will follow that, some counties will have strict laws about bitcoin, others will be more opened to bitcoin. There is no way to predict what will happen, we need to wait and see. Every country will be specific, and I think we will see many different decisions and laws in the future.

yeah, varies from country to country. Likely counts as capital gains (tax) when converting the amount from crypto to fiat currency, but the question is then, how does the IRS ascertain the purchase price (likely self-reported  ;)) and what kind of proof is required, as this will determine the amount of tax. It gets even murkier on donations and pure crypto transactions (with no fiat conversion involved) - asset ownership transfer or donation tax? Even more complicated is what entity/entities gets to receive those taxes (country of citizenship, country of residence, node-based distribution). Personally I don't see it resolved unless an international regulatory framework is agreed on by most countries.

Taxes need to be paid in any case. You in everything are right. It would be desirable to add that it is better to pay, than to hide.

But that's even less likely

To be resolved in any definitive manner since every country seems to have their own, particular view on Bitcoin. In some countries (say, Japan) it is fully allowed just like any other currency (read Bitcoin is considered as just a foreign currency). In other countries (for example, Russia), there is no official regulation of Bitcoin whatsoever, and it continues to dwell in the so-called "twilight zone". I don't even mention countries where it is not just explicitly banned but people are actually thrown into jail for simply mining a cryptocurrency. Okay, let's call one such country, Venezuela seems to be the most glaring example of this kind

I do not pay taxes for Bitcoin yet, but I think when it will be accepted in our country, the taxation will become mandatory. I hope they can not check how long I have not paid taxes.

The blockchain is a permanent record. And as far as the government is concerned, they can go back as long as they want, if they would like to collect taxes from you. On top of that, they will impose penalties and interest.

Actually it isn't since bitcoin can somehow considered as an asset income tax is necessary, but it was only for income tax if you're about to save it then there will be no tax for that since you didn't gain any actual profit from doing that, the tax is only applicable with trading and other things that can gain actual profit from so tax is not as bad as you though.

I don't know where you live

Since things may differ between jurisdictions significantly, but typically most laws don't have retroactive force or retrospective action. That basically means if Bitcoin is accepted or legalized in some shape or form (say, Bitcoin taxes are introduced), you won't have to pay taxes on income earned before the day when such a law would be enacted. The particular details may be different in various jurisdictions but the so-called ex post facto laws are not generally very common. In fact, in many jurisdictions and constitutions they are expressly prohibited. For example, such laws are explicitly forbidden by the US Constitution on both federal and state levels

It's impossible to avoid from taxes, there are middleman services that make the fees necessary to pay these people. When you transact Bitcoins the fees income go to miners, when you use exchanges the fees are used to pay the exchange service and when you turn Crypto-Currency into fiat the same...

I just think the fees should be lower than they are now, especially when we talk about governments. They are smart and use the fees income not only to pay the middleman who assist this kind of deal, but to steal also or to use on another areas where this money shouldn't be used.

Those taxes that government can justify are bound to be paid but those which are absurd and also not used for the welfare of public, why to pay those taxes. Just because of these taxes, people are highly attracted towards crypto currencies. No one is there to charge them any shitty tax in the crypto kingdom.

In countries where bitcoin has not been legalized or regulated yet,there is no need to pay taxes when we convert bitcoins in to fiat.Even in our india,bitcoin has not been yet legalized or regulated and so i'm enjoying a tax free income from bitcoins.But,for countries which has legalized or regulated and which has created laws for taxing bitcoin earnings,there is no other option other than paying taxes.But i think if we sell our bitcoins for cash to a person directly,then we need not have to pay taxes for our bitcoins.

Ahan! Few weeks back I heard news that India has legalized bitcoins but here you saying that you are not paying any taxes for your bitcoins income. I guess no one wants to pay taxes for their bitcoin earnings. People switched to bitcoins just to avoid bloody taxes. I am myself not interested in paying for wars.

Ofcourse as much as possible if we can not pay on it then  we will not pay on it. It is quite hard for the government to detect bitcoin users for them to tax it. The only possible way to tax btc is through the applications or services of companies through transaction fees.

I also think the tax must be paid unconditionally. Taxes are the requirements coming from legit power of a country or state. So wtihout tax, we can't prove that our income is legit. Othwerwise, they could have said it's a crime sourced money.

True, and thats what bitcoin may encounter for the next few years , since it provides so much money it doesnt shock that sooner every tradings and investments may require tax and thats one of the condition when you are trying to deal with legalization of bitcoin worldwide, it may run with other currency and it will be use worldwide taxes will run over it.

When a country economy works in a fair way I could agree with you, but it's not what happen on many countries. The taxes are expensive, the services quality in return is low and the corruption is high. So why must we be fools to pay excessive taxes? People become poor or they are unable to develop their life's quality for this reason, Bitcoin can help us this way.

I pay what I have to pay, but the extra income from the internet (Crypto-Currency) they don't have the right to charge me.

But if bitcoin become currency , it will broke bitcoin as decentralized currency since it will being control by goverment
Bitcoin should not be a currency , it's unique and let it be as investation plus currency advantage

Well, there are different views on this

Indeed, if you think that the powers that be are legit, then you would obviously consider the taxes you have to pay as legitimate too ("the tax must be paid unconditionally"). It is your choice, after all. But what about those who doubt the legitimacy of the authorities? Should they also pay taxes unconditionally even if they disagree with that? If so, does it really matter if the power of the authorities is legitimate, or you just have to pay the taxes because they can force you to pay them under the threat of suffering some unpleasant consequences if you don't?

In order for people to pay taxes honestly they need to trust their government, love their country and to see for what purpose our money is spent. Now this is not why people don't want to pay taxes with bitcoins, not Fiat. The problem is not in currency, but in the mind.

Bitcoin is already a currency it has been used as a currency for years , it has been used to buy and sell stuff and it hasn't been centralized.
And the only reason BTC has managed to attract attention was that people saw it as a currency in the first place , as a way to move funds and only in the latter stages as an investment.

Stop using it to buy stuff or to act as a way to transfer wealth across the globe and nobody will bother with it as an investment alone.

Anything can be arranged, it's time there is a tax rule for bitcoin. Many people become millionaires because bitcoin and as good citizens we have to pay taxes. So it can be useful for many people.

Paying taxes or income tax, it's mean bitcoin has legalized in our country. it's true, we all wishes not to pay income tax when using bitcoin as form of money but actually what's wrong by paying taxes as long we got benefit from that's and when we face a problem, i think we will got support from government, in case the exchanger have a problem or collapse.

Because you probably just make a few dollars online. But the income earned from the internet is supposed to be reported for your taxs as well.  Sometimes it is done automatically. Do you think freelancers never pay a cent with taxs? Of course, they do. No matter cryptocurrency or not an income needs to be reported and yes your gov. does have a right. Otherwise all the big firms  would pay theirs workers in cryptocurrency so they could save millions dollars yearly
So you except to cheat your country and not to pay the taxs, but your country is supposed to give you great infrastructures, hospitals, etc without you giving a cents? Using the money of others people?

Bitcoin was created as an anonymous uncontrolled currency, and taxes would deprive it of such an opportunity. I think that you do not need to pay taxes for using crypto-currencies.

Interesting point here is that taxes are related to the fiat currencies one way or another. If/when cryptos become percentually significant part of global daily transactions, governments will have to figure out new ways to address the issue. It will be interesting to see how this will unfold.

Exchanger, miner are subjects of government want taxes fees user Bitcoin, that is purpose of them when accept Bitcoin and helps Bitcoin become to legal. Taxes fees with other user Bitcoin is possible, because they cannot track all user on network ;D

Yeah! I don’t know why people want bitcoins to be treated as national currency. This thing is going to give bloody governments control over bitcoins and probably that would be an end of our freedom provided by bitcoins. Let them be the way they are, they are doing best this way.

As of I know bitcoin here in our place have no taxes. I dont know if its transaction tax is already deducted. But if not its the good thing here in bitcoin. Maybe in transacting this cryptocurrency the provider who have the right for taxes. I not really sure how was the bitcoin transaction charges. May it depends on the network provider. Or the bank itself.

Bitcoin was always semi anonymous.
Besides Satoshi wasn't really emphasizing on anonymity in his paper.


This is all we got in the initial project.
And taxes are not on using crypto currencies , taxes are on gains by using everything or selling stuff.
It's quite easy for any authority to tax cryptos if they put their heads to it for more than a minute.
After all , in order to convert or buy stuff you still need an exit way. This is where the anonymity ends.

When Bitcoin community want it become to famous and expensive, it also synonymous Bitcoin user accept the future government control Bitcoin. Because if they cannot taxes fee in Bitcoin, they never agree the survival of Bitcoin.

That will make a poor legal defense at your trial. In the USA it is this simple:
Did you make money? YES
Then you owe tax on it. No exceptions.

Does not matter if it is an anonymous currency, as long as you are making money, as a law abiding citizen you must be paying taxes.
By the way, bitcoin is not completely anonymous, it is more like pseudo anonymous. Google about it and you will know what i am saying.

I have to face various taxes. But it won't really matter a lot because it is a important thing we should pay. Bitcoin itself does not have any taxes but converting it to fiat takes some tax. That taxes can't be bypassed here. In order to convert my bitcoins to cash, i have to do a bank deposit and it surely takes some tax. We have to pay GST in my region. Yes, the taxes depends on the income but it can't be refused. Bitcoin is a legal act and also you can draw your audit at the end of year to keep all your records.

Sad but true

On the other hand, you could pretend that you didn't make any money. Yes, you cashed out some coins but you can claim that you had to cash out at a loss (due to emergency or something to that tune). I guess with Bitcoin it is a lot easier to get away with that than if you bought, say, stocks or bonds, and where all your transactions can be easily traced and verified. This is not the case with crypto

Let's think for a moment about what this means. Bitcoin and similar convertible virtual currencies are property for tax purposes. As with other types of property, first one acquires property, often by exchanging cash for the property. Then one owns the property for a period of time. And then eventually one might sell or give away or trade or otherwise dispose of the property. So with any type of property we have three moments in time: acquiring the property, holding the property, and disposing of the property.

What are you talking about the tax rate being lower if you declare Bitcoin as your normal income? As far as I know tax income rates vary from how much your earnings are (on most countries), not depending on what kind you earn. And yes Bitcoin cannot be tax by the government directly but it is still the obligation of the tax payer to reflect it into their annual tax report in its current Fiat equivalent to avoid being audited by the government, remember it is how much your earn not what kind of money you gain it from.

bitcoin is so better on without texes

Haha, please do not think Bitcoin cannot taxes fees by government. Example my country, today they have new rules about create farm for mining cryptocurrency, with them cryptocurrency look like a digital cash but is illegal, therefore if you want to continue mining, you need spend a huge of money for pay taxes fees or stop your farm ;D

Yes it is true that in the creating process the governments implemented taxes on bitcoin, although there is no tax directly on buying and selling in some countries. But I think that once it prevails in the world all the governments in the world would definitely impose taxes on bitcoin. And I think it is a good sign for the betterment of the nation and not for the investors all over the world.

I think tax is one of the reasons governments hate bitcoins. Because to implement proper technology it will cost a lot. And they are not so certain of bitcoin's future.

In my country BTC is an uncontrollable code so the government does not approve it, all BTC deals are out of the law and there are no fees.
But when it is accepted in a certain country and taxation is a must do because you can use the BTC freely it is good.

In my country there is no such thing being implemented about income tax on bitcoin earnings because it is not yet legalized but we have freedom to don anything about bitcoin except criminal act in using it. But the bitcoin exchanges or local wallet provider here in our country is regulated maybe it is them who were in contract with government about taxation.

If you don't want to pay taxes never turn to FIAT. If you keep spending with bitcoin they will never ask taxes.
And also why we need to cashout FIAT ? As we can still keep trading in bitcoin. We can sell and buy everything using bitcoin and this will never cause us to pay taxes

Yes I agree with you, but it is not in all the countries of the world. some countries officials do not even think of bitcoin till date. In their eyes there is no digital currency in the world which would be the currency of the future and they have no laws for its business and investments.

While in some countries the situation is different. They treated biycoin as a legal and regular currency and has the rules as for paper currency.

Yes. There is so much confusing regarding payment of tax on bitcoin. However with what you are disclosing, which depends on your country's law and policy apparently on tax laws … I do not really see any issue with what you are doing. After all, since you are disclosing what you have cashed out in fiat and paying tax on that. I see no reason why I should disclose the bitcoin I have anyway but everyone have what works for them as what may be right in my own eyes may be wrong in someone else.

Government would always seek out on the money you do earn on your job which they would really base and this is how normally works on taxation but speaking already on bitcoin.It cant be taxed since even government wont really have any idea if that certain person is earning other sources of money knowing that we can able to hide our earnings on bitcoin form.

I would also not disclose information about my coins to the government. It has nothing to do with this. I earned the coins honestly and I have the right to use them

Unfortunately, if they claim you've tried to avoid paying them you will have to provide proof of cashing out with a loss. With the government it's always a shitty situation. They claim something and you have to prove them wrong, otherwise they will assume they were right and fine you. It's their way of making money on people who can't afford good lawyers or are simply lost in the financial system.

There's a need to pay income tax but I'm not aware that there is a taxation that's happening when you had sold your bitcoins. The thing here is when you have fiat, you'll are taxable for the goods that you are consuming and other stuffs. But to relate tax to bitcoin, that's not appropriate already as bitcoin is a decentralized cryptocurrency and that's why many starts to adopt it because it's not taxable.

It depends on country and your exchange, in my when I send fiat due to change into BTC i must write that it is investment. So after "successful" investment I will must pay some taxes. So for example the first part of paying is when u exchange FIAT into BTC, and then propably if you get an income from your investment. But all depends on your counrty and law.

In my country there is no tax system in the profit of investing in bitcoin, I feel only pay taxes on exchange, because bitcoin is not recognized in my country, of course I will not want to pay taxes because of this

yes but i think that it also depend on the item where you want to put tax, in fact countries only put tax on legal item, so bitcoin is still not legal in most of the areas therefore to me i think there is no tax on bitcoin, but when countries will turn bitcoin as legal currency then they will also prepare a  policy to put tax on bitcoin but currently bitcoin is free of taxes in most area.

Government Tax is natural if we are earning in legal ways we should pay the income taxes in order for our government to survive of handling the nation. We need to show the bitcoin as gaining advantage for the government as it will counter the China and JP Morgan claim of critism that bitcoin must be proclaim illegal because bitcoin cannot help the nations.

If bitcoin is taxable I think the government can handle bitcoin in the short term we are bitcoins also want to be handled by the government or government cheats that are money.

I see nothing wrong with taxex as long as the government will use our money for the welfare and common good of our people not to corrupt it. We should counter the other claim of China that they ban the bitcoin because the government cant imposed tax due to crpto currencies is volatile.

I am still confused about bitcoin vs taxes. because in my country bitcoin  itself not legalized by the government, so the taxes imposed on bitcoin can not be determined but in fact when we make a transaction either sell or buy bitcoin will be deducted in accordance with the provisions of bitcoin exchange company. Is it tax? tq :)

Tax is actually another word of alms, only sometimes through an intermediary, but some individuals abuse the tax, it has to be from the people by the people to the people. But that rule change into from people by the people but for higher people.

Tax is using for infrastructure, green park, sport yard, and others as the function for citizens.

I don't think that there is a tax in our country if we are going to buy a bitcoin because all the process that we do is to just cash in some money into our online wallet account then we can easily convert it into bitcoin and i think the only thing that we pay is the fee in cashing in because the place that we are cashing in charge at least 1% of the total amount that need to be cash in.

In my country for people who already have an income have to pay tax on their income and property owned, but not for bitcoin because as i know bitcoin still illegal in my country

Yes it's true until today there is no certainty about the existence of the specified tax on the income of the bitcoin. better you focus and think about to collect the bitcoin as much as possible and releasing it when you get a good price. that way you'll get great benefits. When we sell it we definitely will be charged a small fee. Maybe it is them with taxes but we can think positively as a service to sell bitcoin. because if the Government regulating the taxes it will be determined how large the percentage is.

In my own opinion placing a tax in bitcoin is very stupid because bitcoin is the only way to earn more income for those who does not earn money so much in their life. Some of the rich people does not really know how hard to earn money so the government just place tax wherever they want or maybe the government of the country is corrupted that's why it happens.

Hey :D
Bitcoins are taxable in India.
Infact the earnings through bitcoins was taxable even before the bitcoins were officially accepted by the government.
Well every earning through any source if recognized by the government is considered taxable.
Well we can't deal with this in any way..it is anyways legit.
Paying taxes is what everyone is supposed to do if they are super duper rich.
Also besides India there are many countries where people don't have to pay taxes if the money they have had earned is through bitcoins.
Anyways lets let the government decide ;)

I think bitcoin is taxable, it is because it produce an income, which all income was subject to be taxable. Bitcoin is virtual currency like an asset which treated for tax purposes. In term of tax, bitcoin not treated as currency but as property so why its subject to in tax. It convertible in cash.

I really appreciate your idea mate being a good citizen our obligation to pay proper taxes as what is mandated by law but, since BTC is a crypto currency and being decentralized I don’t know how to imposed taxes  type of currency how accounting play their role to imposed taxes, because transaction Of BTC  Is peer to peer meaning computer to computer, as a holder Of BTC you are just having  ledger that would determine how BTC you have and its anonymous.

As of now, it is impossible for bitcoin to get taxed because it is decentralized but as soon as the government will make a move like building their own exchange and that can be a way for bitcoin to get tax because they can increase the fee of withdrawal in that exchange and that is how they are going to imposed tax and get profit by that way.

Transaction fees are the sort of tax we pay on each one, and also governments are taking serious to this issue they want to implement taxation on this also and if this is done then there is much ease for them as well as for the citizens on the clicks tax will be payed, and bitcoin will reduce tax amount also because of its decentralization and it will help the user in all ways.

I will have to pay taxes while working in this forum because my earnings is in bitcoin, and if want to withdraw, I will have to change in dollars and then to my local currency. All the money ex changers cut their commissions and the government also takes his tax while receiving my money in local bank account. But I have no problem with that because as a citizen it is my duty to pay taxes.

You right, even the IRS was regulate the bitcoin taxation, the government still can get the tax from bitcoin users through the merchants who accept bitcoin as payment option.

If its legalize in one's country you should pay tax. Some of the exchanger included it when you change to cash. It applies when i change it to cash. It is just the right thing to because bitcoin is considered a electronic currency

As if bitcoin is accepted in one region taxation department will automatically get eases and on top of it paying and collecting taxes through the bitcoin is easy as compare to the conventional manual taxation system this will reduce HR as well and there will be more economic stability to the region where this system is implemented and there will be more development through this.

i guess theres already a hidden tax when you convert your coins and when you withdrew it because youll paying for a processing fee or a transaction fee and also no one can put a tax on bitcoin because no one hold and controls bitcoin , not even governments or banks. but if they still do it then it will be a loose for us because we are already paying for transaction fees and other fees plus they also charged us extra for the tax.

In my own point of view, there is really a big difference between bitcoin and taxes. In bitcoin all the people i mean each individuals are benefited through earning while in taxes i can say it benefit everyone but as a whole. IF the bitcoin increases, we will all be happy and blessed. But if the tax goes high, i think almost everyone will complain.

the higher the bitcoin price the greater the shipping taxes issued, in my country the bitcoin shipping tax has already reached more than $ 5 once sending bitcoin.but if buy bitcoin does not require taxes.

Well in my country it's not that strict because the government has not released yet a guidelines and policy about bitcoin so we are enjoying our income without paying taxes and doing transaction online. This is just temporary IMO as eventually our government will come up with a policy and everyone who earn income will be required to pay taxes or whatever policy they will impose. If there is a chance to hide then I will surely do it as long as it has no serious penalty when caught.

In my country nobody can track bitcoin transactions so there is no need to pay taxes.
If goverment tracking your transactions yes there will be a big tax problem.

I know that there is no tax on bitcoin but you will have to pay tax while exchanging and transfer to your local bank account. I have the same situation in my country. When there is income there will be a tax, because paying tax means the revenue of governments and we should not be panic to pay taxes, because all the governments spend these tax generated revenue back for the betterment of their people.

our government has even begun to make preparations for it. I estimate 20% tax on all transactions related to my estimated bitcoin, but I am curious to know how to do this.

I think it can taxed  if it reaches companies' wallets .) so you must be anonym :D for now

Without taxes no development can be done in the region as we all know that BTC is upcoming currency, according to that governments are preparing themselves for this and taxation up to 20% is very high and this will surely effect the investor minimum percentage must be captured so that more people will prefer to use this coin and this will help country to boost the economy and also a way to development.

Well as long as the taxes really go to development and betterment of a country,.i don't think many will oppose that bitcoin will be taxed. Though i can imagine how they'll do it since it most likely will change the way we see bitcoin now. If it will be taxed, it may take time to make way for thorough studies first

Yup that’s the true thing that taxes are for the sake of development and if there will be no tax in region no development will be man and collection of tax through bitcoin will be great because there will be no worry for the taxation on a single click one will pay his taxes and for this ting taxation department must have to adopt bitcoin technology so that they can generate revenue in the most profitable coin.

 For me its ok to have a taxes as long its not too big. Country need a taxes so they can buy or build a better country...they cant build a school, hospital without taxes eventhough they got many taxes from other bigtime bussiness..
But they still need taxe even its penny..

When it comes to taxes, the Internal Revenue Service has ruled that bitcoins and other "convertible virtual currencies" are "treated as property" and not treated as currency.

It depends on the amount you are receiving. If the amount you received is taxable then you should declare it to your income tax return but I doubt that the government can track digital assets like bitcoin because its anonymous. The only way is when you put this money into your bank account.

there is no other way besides that and the government must make new regulations about bitcoin wealth assets, but also not fully capable because peer to peer technology can not be detected totally and users are free to create many accounts that can not be traced, This becomes controversial but also a way out to increase wealth, but I still support whatever the government implies about taxes.

I don't see a reason to pay taxes for my crypto coin investment incomes.
Nobody know how much i earn and no need to pay taxes. Until i turn to cash there is no reason to pay tax.

Tax existed thousands of years ago it even stated in the bible. The only problem with tax is a corrupt collector or government. We can never escape from it with our centralized assets. For me tax is okay as long as it is in the hands of good guys or it is used for the good of the country and community. Here in my country tax is really bad for small businesses and consumers but in term of Bitcoins tax is not that high and is deducted once every cashout that is why I only convert my coins if I really need it the most just to make it worthy. I think people should start using Bitcoins now for better income and less tax than the fiat money they have invested in their businesses. Bitcoin has changed the game of tax and gives us financial freedom.

But majority of people who uses cryptocurrencies ended up converting their coins to their local currency and it's actually will be included as their income or additional income, therefore
it can be included or taxed to your bills.
However if you're citizen of a country, you should obey their rules and one of them is paying taxes. even if it's like robbing your income.

Two different concept yet both are accumulating money. In  bitcoin a lot of people are earning, while in taxes those people are paying. If people would think about taxes they will not be happy because they spend much for it although its purpose is for the many. While in bitcoin if they hear it they will be happy because they earn more than they expect to get. Bitcoin serves as a blessing to many because its exchange rate is very high even at present we can notice it. It is such a prestigious chance having known bitcoin. If we earn a lot from bitcoin we can also pay taxes for the government. Meaning, bitcoin is one best way to earn and at the same time learn then it makes us capable in paying taxes for our own country.

Yes bitcoin would be able to used when tax may stupid because a bitcoin is an investment that assure to save and provide the assurance of your future to success in able to deal in your country economy. Still the currency of bitcoin is high even time passes by.

Bitcoin is decentralized and it doesn't have any organization that will control it and that is why the bitcoin will not be taxed by the government and that is the best for bitcoin because even though you will earn a million of dollar in bitcoin then you don't need to worry for the tax because you will get as a whole and that is the best way to earn money by not paying the tax since most of the government official in my country are just corrupt.

As far as I know.. All transactions are all need have to payed a tax.. Wherever I go I think there is a tax fee. That we need to pay. It Depends on the amount that you want to transact.

Whenever I need to convert my bitcoins to cash different services available to our countries offers fees at a reasonable price. I think its ok for me to have bitcoins tax at a reasonable price just to help bitcoins acceptance and make it more legit to other people and hopefully the government. Another one most bitcoins are being hoarded and on hold by different investors so practically they don't have to worry until they need to sell all of those.

Well, that’s true, Bitcoin should be treated as a property. I don’t even see it as a Currency, and it will never be, it’s just something that we can invest our currency into just for us to make extra money. Taxing Bitcoin won’t really be easy for the government, but if they manage to do so, then it will lead to the destruction and end of bitcoin.

Think of it, nobody would like to be paying tax for bitcoin, just ordinary transaction fees were implemented and people felt like killing themselves, talk more of adding taxes to it lol.

I think this is a difficult thing, if the government wants to levy a tax from bitcoin then it should be legalize bitcoin, but look funny if bitcoin is banned but wants to levy a tax from bitcoin.

Hey,

Consider your wage. You may receive it monthly in dollars, euros, yens or whatever other currency. You are going to spend a part of it on your rent, food, clothes, and so on. But you may not spend all of it. Either because you want to buy a car, go in holidays or just make some savings for your old days.

For the government, the purpose you use your money for is completely uninteresting. If you save 100% of your wage, you still have to pay taxes on it.

Well, when you sell bitcoin for fiat currency, what governmental institutions see is that you have earned money. And such money is subjected to taxes, whatever its purpose!  ;)

To be honest, everything can be taxed even your bitcoin earnings. For example you bought bitcoins in 2013 for $300 and sold it today at $8,000. That $7,700 is taxable as income, the classification and how much it should be taxed will depend on your local laws. So you better check if how much tax you should pay. However, if you are holding bitcoins as it and profited because of the increase, unless you cash that out and sell it then there is no profit to speak off. Right now that is the only way they can tax the use of bitcoins for regular users, but it may be different for bitcoin exchanges.

Paying tax for buying bitcoins have no sens because country want earn money from this but do no want legalize coins.

Bitcoin is coin for free so you only need to pay fee and not need

you can use your mind and find other way to exchange better than government way

That is where you are wrong because the income gained from trading or investing is not taxable under income tax but it is taxable under capital gains tax. Imagine buying a piece of land for 100,000$ and later on you sold it for 250,000$ the 150,000$ is taxable to capital gains tax. Some countries even exempt them from capital gains tax if they bought another land with that 250,000$ they earned.

Whatever would make them to include the payment of tax obviously shows they are not making it illegal, even if they are not stating the legalization to be official. The thing is as long as you are going to be converting your bitcoin into fiat, you are still being regulated by the fiat rules and government's monetary policies. No one will hold you or monitor you if you do a P2P transaction, but until then, you just have to stay in lane with their rules as long as you are making profit from your holdings and converting it to fiat most especially.

Bitcoin is not taxable because no one is controlling it. Taxes are created by the government to corrupt at many times.

Bitcoin is not being taxed but if you convert it into fiat currency, then that's the time the government will ask for your tax. This is the most commonly problem with other countries, that's why they are preferred to ban crypto(probably bitcoin) because they can't benefit from here.

You can avoid from being taxed of your profits in bitcoin by selling it to a person which he will give you the whole amount of profit without cutting some amount for taxes like the government were doing ever since then. I always do that because i don't want to pay tax and i just want the whole amount of profit because for me it is just a good idea since when i am buying stuff i am paying tax too.

To pay tax with the use of bitcoin is a better option to show your honesty to the government Because most of the people in this field are making many thousands of dollars per month but still they are not paying tax honestly and showing that they are not making the use of the bitcoin perfectly.
Here in some countries bitcoin is regualated so people are using bitcoin with the pay of the tax smoothly but in those countries where bitcoin have no official approval to use or not to use is having a big confusion that why we should pay tax if no rule or law made by the government of the country and also why they are not decalres bitcoin as legal way of use  Because they want tax .
Well here if in your country no rule made for the bitcoin then surely you should pay monthly with the option of the other category tax ( one of my friend paying tax much to use other category of the tax section

Those individuals are effective in a future since they are doing awesome things for government so they can be more fruitful so what would we be able to state that we should pay duties to government by giving charges God can be upbeat as well and government will be run as well. So we can state that we should need to pay our experts in our nation.

The fact that bitcoin is an asset does not make it less of a currency. A time would come when bitcoin would be widely used as currency once the scaling issue is solved which would even make it more profitable to invest. Nevertheless, I totally believe that taxing will be very hard for the government unless in the situation of conversion into fiat which is why most of them are not really saying much about it.

I can imagine what it would be like when taxed in some places, you had be surprised people moving from more taxed regions to less tax regions, and probably what we even want.

Apparently, that is the only way a government can really get to tax bitcoin anyway and that is by legalizing it first. This would make the local exchanges controlled by the government and then anyone who wants to convert to fiat or vice versa will have to stick to the regulations. Totally where tax comes in. It is going to be crazy though and most people might just want to keep using it the way it has always been rather than the government getting involved.

for me Mate,theres no problem to be collected by tax,because i
believe that the government has the rights to collect tax from every people
who earn,thats why some of the businesses called ILLEGAL because they
paid now taxes and continue to earn.

And its our obligation too being people of every government to pay
taxes when we make a profit so its fair in both parties.

That is really a very solid point bro. We have been paying taxes right from the onset irrespective of whether we are spending, saving or whatever. As long as we are making use of the fiat currency by replacing our bitcoin for it, then tax is definite. Moreover, in so many places, you still just have to pay tax even for some of the things you use, so I really do not see how they are going to be able to evade tax in this case.

It is really be a challenging part of the government if they want to imposed tax to all bitcoin holders, not only because of anonymity identity but also of some person that never tell the total amount they hold. And i believe that this taxation plan won't succeed is just because a lot of people will opposed to this and maybe it could just create a misunderstanding with the authorities and it can lead from banning cryptocurrency.

It depends on the ruling of your country, any object can be tax whatever form, bitcoins on the other hand can be taxed as you exchange it to your local currency or the gains from the change of its value depending on the ruling.
Good thing we don't have tax in using bitcoins yet here.

This is the uniqueness of Bitcoin, we do not have to deal with the government, we do not need to pay taxes, no transaction restrictions, no limit on the amount of money for transactions, no personal information such as name, age, and residence, Bitcoin is a true solution of freedom. But we need to know that, the country has enormous resources to take advantage of Bitcoin. If the state wants, they can find ways to monitor and control Bitcoin. Maybe the country will not be taxed from people who use Bitcoin, but actually the country can still use Bitcoin for profit if the country is willing to learn Bitcoin.

There are people who have been earning good through bitcoin as well other cryptocurrencies. More people too were cashing out their earnings often. This has lead for the taxation of bitcoin, in specific taxes were getting into implementation around different countries based on the regulatory laws followed.

I agree to that. As of now, most of the country didn't tax bitcoin because they did not fully accept bitcoin so the chance for taxing bitcoin is low right now. Bitcoin will be taxed if bitcoin will be fully legalized in the future and become one of the most crowded currency because people will choose bitcoin if they will know that it is legalized because of the opportunity and also the fast transaction.

It is a right thing to hire people who want to own a bitcoin because it will be a huge tax on national development.

It is enough to pay a small commission of 3-5% and you can withdraw your bitcoins into fiat money.

it is ok for me to pay taxes in buying bitcoin..maybe it is a help also to tge government as we are enjoying its benefits.

i totally disagree with it.  property is something that you own ( i.e land , or house ) and bitcoin is a currency because it has a  stored value that can be used on buying and selling or any other things. taxing on bitcoin is not really possible because as of now bitcoin is still decentralized , that means no one holds or regulate it but if bitcoin will become centralized and governmnents and banks will be able to manage it then i believe it could still have a good effects and advantage because bitcoin will become more open to the public and we can now use it whenver or wherever we want. tax will also have an effect to the big earners of bitcoin like whales or exchanges and not on small earners like us.

I think it would be a pretty positive thing if bitcoin is in taxes. there will probably be many people who protest if bitcoin is taxable, because the transaction will be a bit more expensive. however, look on the bright side if the government imposes a tax on bitcoin, meaning that bitcoin is already protected by the government and is increasingly safe and comfortable for its users.

In my country, bitcoin is not accepted as a payment method. Bitcoin has been banned and it is not legal. For countries that accept bitcoin, when you use it, you must pay taxes because bitcoin is considered a commodity. I think it's a good thing for people using bitcoins in countries that do not accept bitcoins because they do not pay taxes.

you may find this article interesting friend   

https://turbotax.intuit.com/tax-tips/tax-payments/tax-tips-for-bitcoin-and-virtual-currency/L1ZOgU00q

when bitcoin start the main goal it to be away from government control so that No one will pay for government to get bitcoins.

government collect a lot of money from poor by applying tax

If you sell Bitcoin for Fiat, then you have to pay taxes. While Bitcoin is a currency, it is considered a commodity and by selling it you're 'making money'. It is still illegal if you don't pay your taxes right

Im not against the taxes, but at some places those reach 15-30% from your capital, soo a lot people had put their money at risk and now they will loose money to the state wich is just waiting for us to exchange into fiat, thats why i do believe into the next years people will start dealing with bitcoin directly, signing a message or making a smart contract over ethereum related to the sale, soo the country will get nothing because they always wanna more money.

I want to ask. Do you have problems paying taxes for every bitcoin sale into money? I always think if it is fair if bitcoin is associated with taxes, as long as the tax paid for each bitcoin sale is not too expensive, I think it does not burden the bitcoiners. If the government sets out to pay taxes we can not oppose it. and can only follow it.

I only know about U.S. tax policy. Here ANY profit you make for ANY reason is taxable. Now the government can not know about every purchase made with bitcoin, but they are much more likely to know if you are trading for fiat. Fiat is NOT YOUR MONEY. It is owned by the federal reserve and you may use only in compliance with the rules they make. That's right, you do not own the money in your pocket. Which is why, for example, you can not legally burn the money in your pocket.

In the future I think users will wise up and demand that retailers take bitcoin. We need to cut fiat out of the loop or this system will be gamed by those entities that use fiat. Banks, governments, etc., Their power is based on fiat and turning bitcoin into fiat is handing them power.

it is just funny why some people will want to be stingy to the government after making such a huge amount of money. As long as people will still keep utilizing the exchanges to convert to fiat, which means fiat, will still keep being relevant and there is no way on earth tax will be averted as long as the government considers them to be making profit.

Until maybe the use of bitcoin becomes totally P2P and I can make payments to anyone without having to go through exchanges, we just have to deal with it.

Obviously , we need to pay taxes as long as we made money because governments need funds also. We do have wallets , a virtual wallets and their creator , developers and publisher deserved to be paid because its their job. Thus paying taxes made our society safe as much as possible and as bitcoin continue to rise and so the taxes will.

I don't think bitcoin need to have a tax, because its not connect in the government and we have a fee everytime we widthraw our money, tax is good to growth our economy but i hope when the times comes that we need to pay tax hopefully its not that much .

Its true that you have to pay taxes for your bitcoin earnings as soon as you realize the profit. This happens not only when you buy fiat with yout bitcoin but also when you change your bitcoin to any other crypto, as this is profit realization. This has the effect that each trade is taxable. Its really not fair compared to other countries where people earn 100% of their profit. But thats life, its not fair.

I don’t think Bitcoin can be taxed because it is not under the law of any country, some even say it is in no way a currency. So I don’t think the government will be planning on taxing Bitcoin, unless they will only be taxing the companies that are into offering Bitcoin services. The government is also investing into bitcoin, so they are already benefiting from it.

Tax is everywhere like my professor says in during our class. There is a direct relationship between the company of bitcoin and Taxation of the government; since the government always collect 12 % final tax in all passive income which the bitcoin already collected and remitted by them.

Bitcoins has a direct relationship with the taxation. Any passive income in the Philippines is subject to final taxation and if the entity whose job is this will subject to income tax so there is no such way to escape the tax. Taxation is the life blood doctrine of the government which everyone no matter who you are will subject from this.

if in my country, whatever mingled with the money would be taxed, so if bitcoin is taxed I would not be surprised by all of this, because that's all the terms of my country's government.

I am actually afraid of this. There are rumors that bitcoin will be legal here in the Philippines but at the same time tax will be added to it, I think it is really inevitable since bitcoin will be a legal crypto/virtual currency.

Many people sees taxation and bitcoin has a big rivalry between ewch other but the truth is it has a good relationship in the society. 
Bitcoin is accept fully in the local governments therefore there is a tax imposed with it.  If the bitcoins collects a high income there will be a high taxes that will remittedin the government which will increase the financial stability of the government and become economic competitive.

I don’t really get how this works… how is the government able to charge tax when someone exchanges Bitcoin to Fiat? I don’t really see how it is possible, cause you send your Bitcoin to the exchanger and they just pay in the money into your bank account, so how does the government know about it? This isn’t possible, and it doesn’t happen where I live.

Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdiction which could cause income ,sales payroll,capital gains or some other form of tax  liability to arise with bitcoin.

What the hell? so what's the difference between the cryptoz and fiats if both have taxation -_-

Its better atleast now we have some legal onlooker on our transactions and will help us to bear problems easily regarding btcs

This will neverver happen. Govt cant go against such a global mass of bitcoiners independence

This would be a difficult choice for investors like us, and the number of voluntary taxpayers would be a minority. Because of:
- Applying taxes on bitcoins and crypto is synonymous with the government's right to claim a price.
- It is good for traders and all because the ico will be verified and certified for safety.
- The scam issues will be gradually eliminated and separated from the crypto world.
Those who expect the great oscillation of crypto can ignore it. It seems time will solve this complex problem.

I am a newbie thoigh I have no idea but I think its better. Taxation always means a legalisation on someething and that's what we want

Some countries i guess is implementing that law collecting taxes on bitcoin users once they trade their bitcoins to paper money and in my view if the government will impose that law we can't do anything but to obey it and pay our taxes.

Without a doubt, 2018 will be a landmark year for Internal Revenue Service enforcement of cryptocurrency gains. Taxpayers should stay ahead of the game rather than be reactionary. The IRS is always more lenient with taxpayers who come forward on their own accord rather than those that get discovered. Coming forward now actually could be the difference between criminal penalties and simply paying interest. With only several hundred people reporting their crypto gains each year since bitcoin's launch, the IRS suspects that many crypto users have been evading taxes by not reporting crypto transactions on their tax returns. Unfortunately, the IRS has provided very little guidance with regard to bitcoin taxation. One thing, however, is clear: Although both the public and the crypto community refer to bitcoin and altcoins as virtual currencies, the IRS treats them as property for tax purposes. Therefore, selling, spending and even exchanging crypto for other tokens all likely have capital gain implications. Likewise, receiving it as compensation or by other means will be ordinary income.

yes, i agree with your opinion. illegal if you dont pay taxes. will be make safe if we are pay taxes while sell bitcoin dor fiat.

Get right with the lord and the IRS:

https://www.investopedia.com/news/nsa-worked-track-down-bitcoin-users-snowden-papers-reveal/

Bitcoin is not a stock, it is currency. It is made to pay for goods and services as money. But it has one big advantage, it is anonymous.

the tax will always be there for economic activities, because the tax will later enter into the state's money, so the tax plays an important role for us too.

So, must the one buying bitcoins also pay tax? Since the two are both trading in each way. Well, it is illegal to pay tax, but we live in a situation were cryptocurrency is purely said to be decentralized and anonymous. Why must I pay task for selling my coins to someone who wouldn't pay any tax for buying from me?

Paying taxes is obligation from every citizen in country and i think its fine if government collecting taxes from cryptocurrency transaction. If Government want to collect taxes, government should make regulation on cryptocurrency and if regulation issued, i am believe it will make crypto price rising

l think it's necessary for holders to pay taxes on cryptocurrency. If we are considering coins to currency, then we have to pay taxes on it like we do on other assets. We still win in low transaction costs ...

Ane rasa Pajak itu memang wajib berkembang nya sebuah negara apabila rakyatnya taat pajak

Bitcoin exchanged with others is considered as your income, meaning you have to pay income tax. Bitcoin earned through trade or bitcoin exchange is also considered a taxable benefit in personal income.

Actually in our case, you don't get taxed as long as you don't cash out your investments. You can buy as much as you want but by the time you cash out then that is the time the government will tax you. So my strategy? I convert my crypto currency portfolio and place it fiat stock market of my country's fiat.

Taxes have always been a subject that people have commented a lot lately. I think bitcoin is our property if our wealth is so much that we should be obliged to submit to the state.

Yes that is but we know that most of the countries in this world are tax free for cryptocurrencies while few are taxed countries for crypto. People living in tax free countries are enjoying their profits and wealth because their governments do not want to give them more pressure to pay tax here as well. In countries where it is taxable by government made it difficult for people to pay tax on everything.

It depends on country and your exchange, in my when I send fiat due to change into BTC i must write that it is investment. So after "successful" investment I will must pay some taxes. So for example the first part of paying is when u exchange FIAT into BTC, and then propably if you get an income from your investment.

You need to understand this, as soon as you enter the fiat market the governments make the rules, that is the main reason why governments are going to try to stop the adoption of bitcoin so people cannot exchange their bitcoin directly that easily, if we get to the point in which you can exchange your bitcoin for almost any product and service that you can imagine then it's game over for the governments.

Stupid noob,this is english section and theres no place for local speakers here better go back to mountains in which where you belong

right dude,taxes is every peoples obligations when we made profit so theres nothing to be debatable because we must pay taxes

We do have different county and different perception about cryptocurrency in our own government and if the law requires us to pay for taxes then there is no way for us not to follow our own government and it would be better if we will just follow them rather than having a crime which is tax evasion, at least on the other way around we are helping our country.

for some countries, I don't think bitcoin belongs to property, and it's not stable, so it's very difficult to determine the tax. besides, we do not know with whom this tax must be collected, because taxes are used for joint development.

I'm not having problems like that, it's kind of weird if we have to pay taxes on bitcoin or other cryptocurrency purchases, I think there must be a reason for this, while the government doesn't accept bitcoin but why is there a tax? and there is no official regulation regarding that in my country.

is the obligation must also be followed by anonymous bitcoin users? even without us paying taxes though they won't know that?
then what is our advantage if tax is applied? the government only uses their power to extort and gain profit from all parties arbitrarily

agree, it is not a choice but a law rather, third parties are being taxed, it may be hidden as huge fees, most of the time, the one being taxed are the third parties, but those amount was being shouldered by their clients disguise as fees, we cannot see the itemized amount of fees being imposed by exchanges, but bitcoin being taxed are dependent on which country does the exchanges belong to.

it is true that the state takes taxes from exchanges, bitcoin deposits and the state still regards bitcoin as a tradable commodity so things like this are very natural because in countries that do not support bitcoin, bitcoin cannot be used to pay for goods, so the owners only can have it just to save.

I don't think that paying for taxes is stupid. For one thing, paying taxes means that crypto currency will be under the protection of the government and anyone who tries to commit fraud or theft on its citizens will be persecuted by the full extent of the law. Besides, there are ways to minimize your tax if you just read up on your country's taxation laws.

I think that will only happen if you buy and sell bitcoin at the exchange place. I am sure there will be tax from the maker and taker, and the tax is not too much, just as a transaction fee, because you have to know every place of exchange has a fee when make a transaction.

It's the government protocol so we have follow their orders if we don't want to ban the bitcoin currency in our own country

You need to understand their position, they are seeing that a new industry is being born and like always governments want a piece of all the money that is being generated by people in those different businesses, but they are realizing that if they accept this new form of money in the long run they are going to be affected, so they want the benefits of taxation but they do not want to make it legal.

Taxes are state revenues that are used for government development and funding, therefore there is no reason whatsoever that everything related to business must be taxed, including bitcoin. Because bitcoin is on the internet wallet it is certainly not tracked, but when exchanging bitcoin into fiat money, it can be taxed.

In my country, it is officialy not a currency, and yes, people should pay taxes after the profit, made by the value growth of the cryptocurrency. But the regulation is quite unclear, and I don't know, if there is anyone, who actually paid any tax after crypto investments. :)

For me it is okay to put taxes on bitcoin as long as its on a right price. We all know how taxes help our country thats why i never doubt to pay my taxes. Because in the end all you given will be back to you and your family

Its ok to have a tax applied on every bitcoin that is transacted but it must be on the right measures. It must be accurate to the amount of money inside the bitcoin to be equal and fair and be sure that those taxes that are accumulated or gained is use for a god cause and a good reasons.

I think that this should be interpreted as bitcoin for honesty, and it can manifest itself in various areas

Personally i don't have to pay taxes when i buy or sell crypto currency in my country. But i guess there are loop holes so you won't have to pay taxes for your crypto currency. It would ultimately depend on your country's tax law. Lastly, you can opt to move to different country where tax laws are poose then go back.

In my opinion, I think it is our responsibility as a good citizen in our country to pay taxes, anyway it will proceed for the improvement of our country.

I would not mind too as long as its fair.  Let's just accept that there is no other way around and we still need the help of our government. We will get used to it along the way just like the tax they put into our daily necessities and salaries.

i think taxes will help the development of a country. i personally do not matter, but indeed the government must legalize it first bitcoin, so that it can make binding regulations. of course that makes development of Btc better

I agree of paying my taxes and it is still good to support our economy to grow while we are also processing our growth in doing this in our country. And I think it is a big help to pay some of our taxes to prevent from nit encountering some issues about it.

Taxes make nations if invest properly and the reason why majority of the countries in the world are struggling in terms of low living standards and in equal distribution of wealth is just because they either do not pay taxes to the state or the taxes paid to the state are not used in the right time in the right project. Countries like Denmark and Sweden have prospered immensely by using the tax amount to improve human capital.

I think that most countries in the world the biggest income is from taxes.
Now if bitcoin is illegal by the government of the country, it might be possible to withhold tax from the percentage, so it's not surprising if this happens.

by paying taxes, each step we will feel comfortable and avoid all misunderstandings by the public. there is a provision that we do not violate as taxpayers and indirectly also contribute to the development and sources of foreign exchange (unofficial) of the country. What I assume if there is good harmonization between the two will have an impact on the recognition of bitcoin and its users.

I agree with taxes but not when it comes to bitcoin. The whole purpose of it was to be decentralized, no taxes and so on. I dont agree not even with the exchange taxes. I know it is a lot of work behind it but it has a similar behaviour like fiat money.