Bitcoin Forum

Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.

That not happen yet and i don't think will be applied soon because bitcoin and other altscoin depend on security plus anonymous payment within the blochchain but if you plan to use regulated exchange like poloniex and other sites registered under USA\EU rules perhaps some day might request TAX.

Until you use only coins that will not happen. But once you bring yourself to the Bank account of the dollars or euros it will be considered as your income and therefore you will have to pay tax on capital gains. This is a big minus cryptocurrency. We can't spend on purchases without exchanging for Fiat. The anonymity of bitcoin is a myth too. Each exchange is easily monitored by the government.

You are incorrect.

1. You can be anonymous in Bitcoin but your transactions are public.
2. You can buy things using bitcoin as long as someone is willing to sell.


1. As long as you are not connected to your bitcoin account (which unlike a credit card, a paypal or a bank account, no one can force you to be) and you follow certain practices, you are anonymous.

2. The markets just need to expand. 

I don't think there's any way to monitor and tax every single transaction right now. I know some people pay taxes on their earnings for Bitcoins, but because of how it works, they're free to declare an incorrect amount.

It seems to me that tracking each transaction of bitcoins for the government unrealistic. And the legislation does not provide for this. But to track each transfer Fiat to your account no problem. Even by today's laws, it is your income. If you use the exchange transaction then definitely have to pay taxes.

In my country (Philippines), they are not imposing or charging taxes to bitcoin users because it is hard to determine who used bitcoin. And there are no laws about charging taxes on bitcoin users yet. Also it's very rare that you see a bitcoin users here because bitcoin here is not that popular. People also are hesitant to buy and use bitcoin. They are calling bitcoin a scam but it's not. I just let them. Anyway, if you give them your income statement. For sure they will charge you with tax. But as long as they don't know what you are doing. You can't be charge for taxes since they don't even know that you are using bitcoin.

I could agree on this and the country still is not yet fully dedicated to bitcoin issue because right now their are a lot of internal affairs to be dealt with before making huge movement on bitcoin. The legislative are still going on around drug issues and members of the government are still on conflict on each other revealing secrets about each on everyone. So i guess thats is why bitcoin is still not a major issue on the country.

Now the state's official position on cryptocurrency no. There is no established national Bank the indicative price for the exchange. For this the state should accept all cryptocurrencies. Forced to exchange your coins for Fiat, no one can. To take taxes in coins by the state. So you have to pay taxes only after exchanging coins for Fiat. if you do it in small portions then you will not notice it and therefore do not need to pay.

I'm sure they have. In the IRS request to Coinbase, they cited multiple cases of tax evaders who had used Coinbase to facilitate the tax evasion. They used these cases to argue that Coinbase should turn over all customer data, so they can find similar tax evaders. The court rightfully rejected the request, but the underlying facts make clear that they are already coming after people for this.

If you are in the US and you have large wires in and out of your accounts, or you do high volume on LocalBitcoins, I'd be careful and do everything by the books. Bitcoin is no longer in the shadows. The taxman wants his cut.

Bitcoin is the greatest danger to America. For this reason, I am confident that the American government will never legalise its use but will soon declare war on the world of bitcoin. I think that the taxes Americans are interested in less likely. They are concerned about the fact that people around the world will abandon the dollar in favor of bitcoin.

I think there is a small chance of that. Years ago, amidst all the calls by Congressmen, etc. to ban it, it seemed more likely. But a lot has changed since then. Even in the BTC-E indictment, the DOJ stated that there were legitimate uses for cryptocurrencies. The CFTC allowed LedgerX to formally register to offer regulated Bitcoin futures contracts. The US Marshall Service auctioned off hundreds of thousands of bitcoins -- you think the government would come back to Tim Draper and say, "thanks for your money, now give up your bitcoins, they're illegal"?

My take is that the US government is smart enough to know that they can try to ban it, but demand will not go away. It will thrive in the rest of the world, given time.

No there is none being reported, even the countries that legalized bitcoin there is no incident report that they force to tax the bitcoin users. The government cannot impose tax on bitcoin except if they legalize the bitcoin in their country but still the imposed tax shall be fair policy not in cruel policy because if they imposed an unfair tax collection on bitcoin many people will not invest in bitcoin therefore the legalization will be useless.

Here in the Philippines there is no report I heard that there is a bitcoins forced to pay tax because here bitcoins is not popular and our governments here are very busy with a drug campaign that they want to stop it. So there is no any charges of paying taxes. Governments are not making it legal because they don't know how important is this. Bitcoin can help our economy if we are paying tax. It's not good not to pay a tax if you're country has a law that you need to pay a tax.

This is what upsets me. A local bitcoin exchange was also forced to turn over all customer data, as law enforcement were looking for money launderers. However I bought some bitcoin through my bank account at their exchange.

Considering my country gets people into prison longer for tax evasion than murder. I'm afraid that one of these days they'll consider bitcoin as tax invasion instead of a "share".

I think currently it is hard for almost any government to determine who is using bitcoin...that might change though.

just like what the other said as long as you are using bitcoin to do your business you are still safe of getting taxes but after you exchange it to your local
fiat and start using your money then taxes will be implemented, I guess its the reason behind why china wanted to regulate btc as they wanted to have some
earnings out from this system.

depends on a country in question,I'm pretty sure in the US people declare their income
even if it comes from bitcoin trading or investing bitcoins,many prefer to be on a safe side
and are trying to pay taxes or at least enquire how to do so-check the topics like "Do I have to pay taxes over bitcoin",yes just like yours :)
most of them are coming from the US citizens
unfortunately,even in states,bitcoin is  agrey area and you should consult a lawyer as to what laws in your particular state are saying about it
if there are no laws regarding bitcoins,people cannot be forced to pay tax
easy as that

Sounds like you are from the US? Is it true that it is illegal to participate in ICO's in the US?

Not really...If you make BTC transaction from one wallet to another, no tax would be levied because of a decentralized anonymous transaction on the blockchain . But soon you want to bring profits of your investment in your bank account through an exchange, it will ask for KYC which include all your necessary documents which will help to evaluate the tax on you.

Until now i have never paid tax on bitcoin, this may be because the bitcoin legality in my country is still illegal so there is no binding rules about tax on bitcoin, but if later bitcoin has become the official currency in my country of course they will apply the rules on tax policy on bitcoin

Tax is something nobody can evade for long without consequences especially in developed countries like USA and other Western nations where tracking technologies can effectively locate people who might have committed some frauds on their tax returns. Tax is an obligation and even if we don't want to this is something we have to do.

Forced? Maybe that can be the case since there are laws implemented to collect taxes even if we don't want to pay. But this is something we really have no choice with. So instead of thinking if we are forced or not...maybe we should reorienting ourselves that we are good citizens of the land hence we are paying our share for the government.

no it is not real. if we have to transferring bit coins from one wallet to another wallet then any tax may not cut. if we transferring money means it may cut few amount of money otherwise it is not cut. so nothing to worry about tax. bit coin transaction is more secure and confidential.

Even in America you don't have to pay taxes if you earn income in another country. There is agreement between the two countries for avoidance of double taxation. This scheme used offshore zones. What prevents you to earn bitcoins outside the us and buy goods via the Internet not to violate the laws.

At this point it's still up to the people to declare everything in a honest manner, and that's still not happening, which is something I can perfectly understand. This however is something the government is well aware of.

It won't take long (max a year or two) before exchanges will be forced to 'snitch' on their traders in an attempt to pay due taxes, that without these measures, would likely never get paid.

Regulations are getting stricter with the month, and for that reason we should prepare ourself for what still has to come, because I believe we haven't even seen the worst yet ~ governments are just starting with catching up.

In a country like the United States and other developed countries, you don't even need to be forced you will willingly disclose your income because of the environment over there and how effective the IRS is, no matter how secure you could be so far you will need to convert to fiat using the bank, you are definitely going to be located and charged accordingly which could turn out to be massive in a case you are trying to avoid tax and you are caught.

But for some other countries, there is no way to force anybody because there is no enough database to track users income in proportion to their hours of work. In those countries, its pretty easier to avoid payment of tax and still get away with it.

In the feature the Governments will find a a path for put a fee over bitcoin.It will be more often than we think.

The government will not be able to calm down until will not make all people who use cryptocurrency to pay taxes. It will not be difficult to do. Each person periodically exchange their coins for Fiat. This is the weakest link in all cryptocurrencies. At this stage the government can force us to pay taxes or even to ban all cryptocurrencies. Every day comes news that some governments want to legalize crypto-currencies or deny. Once they reach consensus, the market may collapse. Only the ability to share directly between users may resist the government.

“Forcing”?, only implemented is proper for me. If it is against they’re will only a dictator kind of government will force a taxpayer to pay for it. But you can only be liable to the authorities with accumulated pending tax evasion case prior to filling.

But first before going to that discussion, the government must have concrete bill and well studied law for this particular issue as it might be questioned in High courts for its constitutionality.

I guess that as long as there is demand, the government can not impose a ban because there are numerous bitcoin users. If they force to do so or if they declare war against bitcoin it would be possible for their to be chaos. The US government may make actions to prevent its use such as regulations and high taxes but with the huge number of bitcoin users in the country, they will have a hard time eradicating bitcoin. They should just go with a compromise -- one that would benefit both parties.

When bitcoin will be recognized by the state as a means of payment, we will have to pay in exchange for such recognition a tax when exchanging crypto currency for fiat. This is indeed so. So enjoy as long as a certain freedom of the crypto currency and its uncertain status.

I have not seen anyone around here and at the same time, I have not read about it in the internet and I think its largely due to some facts which are:

1. In the countries that have given bitcoin attention, there is no way around not paying the tax so there is not need to be forced to do that and when you do, you be ready to face the music.

2. For the countries not yet giving the attention, there is really nothing to force since it technically does not exist.

It seems to me that instead of enjoying life until the government made its surprise attack we need to work hard to be able to use bitcoin directly.This will complicate the task of the government to track bitcoins circulation and will relieve us from the obligation to pay taxes.

not that i know of in the us. I'm sure they're working on it tho

If there is an existing policy about it maybe we would have read it or hear from this forum alone.. So it means that there is no implication that forcing someone to pay taxes is happening.. But is it an assurance that this will or would not be happening in the future is another story to tell.. So for now let’s just be an ordinary users and thinking much about this things isn’t good..

In my country, bitcoin is not yet that popular and not regulated yet so those people who are using bitcoin and earning it are not taxed yet or shall I say not including it as part of their income. When time comes when bitcoin will be popular, I'm pretty sure sooner or later the government will act upon it and want a part of the citizen's income from bitcoin. Maybe for now I am treating it as a privilege not including it as part of taxable income besides the government cannot easily track the bitcoin earners and has so much problems than focus on bitcoin earners.

Later on when they regulate it, they will just tax the platforms the bitcoin earners are using and then the platform will just pass it on to their users so that anyone who will have transaction will be able to pay tax. In this way, government will not be having a hard time tracking the bitcoin users.

You can buy things using bitcoin and you do not have to pay tax because no one can track your transactions

That's not true. It's only generally true if you are doing purely P2P barter transactions and avoiding centralized marketplaces. For example, if you are regularly using Bitcoin profits to buy gift cards through Gyft.com to buy things that are sent to your physical address, you can be tracked fairly trivially.

Now do I think that governments are tracking these people? No. But it would be trivial for them to put an infrastructure in place for them to do so. What I think is more likely to happen is that agencies like the IRS will offer tax guidance that governs the use of capital gains on cryptocurrency payments below a certain monetary threshold, to avoid over-burdening both consumers and the IRS regarding tax reporting. If the guidance is lax enough, I think most consumers will willingly comply and that will be good enough for the IRS.

Until it's wrong

Unfortunately it's only a dream. It is too few suggestions in order to be able to freely spend their bitcoin. May be for this reason that the government are not afraid of bitcoin. All users are forced to sell coins for Fiat and becomes a target for the tax authorities.

The IRS in the US has already begun working on negating this issue. You are far better off assuming that they know if you live in the US, rather than getting audited down the road and being in some serious trouble.

https://www.forbes.com/sites/robertwood/2017/08/24/irs-hunts-bitcoin-user-identities-with-software-in-tax-enforcement-push/#97b44a79cd0e

I haven't heard of any such cases yet . Countries are either legalizing bitcoin or are completely banning it . I haven't heard of any major regulations on bitcoin and imposing of taxes on the use of bitcoin yet . Mainly the centralized banks and governments are not able to find out the means to regulate it so they are either for a yes or no in the case of bitcoin.

It seems to me that only a few countries in the world agree to accept bitcoin. Most countries banned its use. Many governments are under the control of the Americans. I think that they will make through loans to the governments of many countries to ban bitcoin. Bitcoin is first and foremost a threat to the dollar.

Forcing bitcoin users to pay up taxes would really be impossible but this thing can be done when people are engaging into those centralized exchanges which would really end up to get a % of their profits or holding as those exchanges would really follow on the imposed laws of a certain county on which it do belong.They don't have the choice but to follow it.This is the only way that I can see that bitcoin users can be taxed excluded on the fees being deducted on our each transactions.

Transaction fees this is not a tax. Taxes can be levied only by state bodies. Who can control all the miners whether they have the money transferred to the tax? Only many people like bitcoin because it does not require the payment of taxes. I am sure that most of us paid taxes in Fiat misused. I am opposed to bitcoin is controlled by the state and supported by our politicians taxes.

That would only be the case if a country legalizes bitcoin, and let the people use bitcoin as a currency in that country like its fiat. Because taxes only apply on things that are run or traded legally in a country, and if something is not yet introduced to the people, nor the people, or most of them know about it, then i don't think the government can implement any tax rules on it.

No one you have your bitcoin converted to a fiat currency then it may be subject to applicable taxes. But the exact computation is quite hard since exchanges are already deducting fees from your coins and they should also take into consideration the way you got the coin to compute for the expenses that you had for you to get the coin.

This is an incorrect interpretation in most countries. Bitcoin  will be subject to capital gains tax even if you buy something with it or exchange it for something else. even if you buy a house with Bitcoins , you have to pay tax.

No i think in the future we can have tax and its not going to anyone to be force because for me we need tax here in bitcoin for more good and more safe,most of scam accusation here in online world is related to bitcoin so i think if we have government also here some person that use bitcoin to scam will get scared for what their doing because the government can monitor that

I don't so whether in some year it will implement that forcing to pay taxes of bitcoin especially in a way of fees they are already put the taxes.

How is this increase calculated? Today, the price of bitcoin is $ 8,000. Tomorrow the price may be $ 5,000. What course will be applied to the determination of prices? Who can now be counted among the bitcoin capital? Until the user does not convert bitcoins in Fiat currency is not capital. The location of the wallet will also be hard to compute.

None that I know of here had been taxed. In my country(Philippines), we are still using the 1987 constitution, yes, it was drafted and implemented 30 years ago. It was not amended yet but there were some provisions. Even in taxation, I doubt that bitcoin will be taxed here soon but there are some who proposes amendment to this but usually gets blocked by wealthy and powerful people.

it is hard to forced pay tax using bitcoin so using this site and try to spend your btc in site and exchange cash into little

Government cant control bitcoin , they cant regulate it. The fact that bitcoin is a decentralized cryptocurrency which being use and transac anonymously .. But they can posibly regulate the exchanger we use to exchange bitcoin to fiat .. Like here in the philippines the central bank of the philippines will release potential exchanger in the near future . They were two of them , in order to regulate the exchanger the fee will get higher . That s how they will get the tax maybe.

You don't need to a have a new law for your bitcoin earnings to be subject to taxes. Almost all countries have the same law in taxation that once a citizen received an income they need to declare it on their tax return and is subject to applicable taxes. No matter what the source is as long as you are a resident of that country it is your obligation to declare all of your earnings.

Why do you need to pay taxes? Rejoice that you have the option not to. This is probably the only case where the interests of the rich coincide with the interests of the poor. I don't understand why you have to pay taxes on bitcoin use. This is a very risky asset and in case of loss of our investments, the state will not return our money. Get what we pay taxes on the loss.

YES, you have to pay taxes according to the IRS Notice 2014–21. Take note of the date this was clarified, 2014. There is an article that explains exactly why and what you need to declare if its any help. Bitcoin Miners are also mentioned on that notice: https://turbotax.intuit.com/tax-tips/tax-payments/tax-tips-for-bitcoin-and-virtual-currency/L1ZOgU00q (https://turbotax.intuit.com/tax-tips/tax-payments/tax-tips-for-bitcoin-and-virtual-currency/L1ZOgU00q)

Is anyone getting caught NOT paying taxes? That would be the question to ask.

Tax imposed when it is legal but although bitcoin is not legal the transactions fees or charge serves us a tax in bitcoin when we withdraw it.There is no authority or legal regulations we should follow that they need a tax on bitcoin.It is controlled by us and not in the government or politicians.

Where I live they say we must declare it as an asset, Bitcoin for them is nothing in particular, just an asset like any other because it has a value and everything that has a value must be declared and taxed. I don't know if everywhere it works this way...

But the point is that Bitcoins aren't being tracked for banal reasons like that, so only criminals are calling more attention for them, people who use Bitcoin for illegal activities, legit users are secured. I have seen even countries which banned Bitcoin saying it's hard to track all its users, so sooner or later they will have to change the policy.

Some government try to legalize bitcoin because they want to track down bitcoin transaction's flow especially on corruptor case.
They can control in order to prevent something bad so it's reasonable for them to legalize bitcoin as soon as possible although some people may not agree !

Forced is a strong word. But actually, yes they kinda are. Any form of income, may it be from investment or trading or mining digital currency, is subject to inxome tax. However, in the case of my country, filing and paying of income tax is somehow on honesty basis.

With that, most people tend to no longer file their earnings from Bitcoin activities since it is not being traced. That's why some government are not supporting it, because they are not getting a profit out of it.

Laws are laws, you aren't forced to, but you are supposed to obey them. Many people are choosing not to and I'm pretty sure each of us have broken some laws here and there.
Don't drink in public, don't smoke weed, don't drive above the limit, don't trespass on private property... There's a common saying that laws are made to be broken ;)
If you can hide your coins and think the possible gains are worth the risk the choice isn't hard. Personally I'm not forced to report my coins, I know that the authorities would appreciate if I did it, but there's basically nothing they can do to prove that I own any coins.

As many said before me i thik that if you just keep your coins in bitcoin you are anonymus and can't be forced to pay taxes. Altho when you would want to transform in your countrys currency or buy something you should respect the law and pay taxes for the amount you spent.

For my country not legalized bitcoin yet. So no need to pay tax from bitcoin. But in my country, most of my friends use bitcoin for their investments.
They already get benefit and profit from bitcoin. Almost do investments 3 year ago and they excited with bitcoin.

I think China and the US are trying as much as possible to enforce financial disclosure regulations.
In the US, it is a crime not to disclose financial transactions, and this way, bitcoins can be considered a property for disclosure.

For now every government of the other countries has not yet implement any law about applying tax for bitcoin. But if the government make a move to control every people who used bitcoin it may lead to corruption.

In my country bitcoin is still free without any government interference about taxation, so there is no tax for bitcoin. But i also hope there is no tax for bitcoin.

They can actually legalize and adopt it but talking on just legalizing because for the sake of knowing or tracking down transactions then this thing is really impossible even though they would decide to legalize but they are just still like blind man since those transactions cant really be tracked or whose the one who are making such tx.This is why they don't really tend or plan to accept bitcoin in the very first place. How much more if we do talk about taxation. Anyone can evade but they can still able to get some tax on those services who do make use or engage with bitcoin or on any other crypto.

Do you think that bitcoin users can't track you? This is not so. Transactions are trail. There is your IP. What else do you need in order to find you. When you get to the Bank card transfer after the exchange of bitcoins is also easy to see. The anonymity of bitcoin is an illusion.

If this is the case, then can you please confirm when bitcoin exchange will be available in money exchange outlets like "Western Union" and others. And please confirm that during exchange are there any taxes applicable or just the exchange charges.
Thank you!

some agree and some do not agree to that, if the government is able to legalize bitcoin then everyone who uses bitcoin will be taxed larger. this can cause bitcoin users to feel uncomfortable because the government regulates the use of bitcoin to everyone who uses it.

In my country, ICO was conducted ,so the amount one earned through it was taxable by government ,because of  amount rosen .Even app they use has to pa taxes to government to run their services.so you can't say it was forced,one has to follow some rules set up by government .I have not seen any case though of any forced tax payment.

Same here in our country, it's like a self service. We can hide our bitcoins and alts without being known by the government and thanks to its anonymity.

I think taxing bitcoin is justifiable for the government since many people are earning from these and some become a millionaire on their own country just by trading so I believe it's not force but rather implemented.

I haven't seen anyone paid tax using bitcoin here in my country especially when you consider that most of the population here does not even know about bitcoin. Due to that case, I guess that our government is slightly lenient when it comes to the implementation and execution of laws relevant to the usage of bitcoin. But according to my colleague who interviewed the lawyers at our BSP (Central Bank), bitcoin in the Philippines is being categorized as 'property', thus making it not subject to legal tender (paying for debts). Also, the bitcoins that you earn from mining fall under the category of 'other income' making it taxable. The problem is, I do not know anyone here who mines bitcoin due to the exception of having a super powered computer.

I don't have an idea if this is really happening but in my own situation I haven't experience paying tax for using bitcoin, I am using a web wallet and if ever I need FIAT I convert my BTC to it and cash out through remittance, I think pay amount of transaction is according to fee of the remittance center and I don't think if it has tax.

Well, I don't have also experienced in paying taxes with bitcoin. I think bitcoin not responsible to pay taxes because of being virtual currency or no one big company behind this bitcoin who responsibled to pay tax. I think in paying in market exchange that's the taxes of bitcoin if you withdraw your bitcoin they have a charges fee on your wallet.
Besides when we exchanged to fiat our bitcoin in my country there's no charges happened when we claimed at bank or any remittances.

In our country bitcoin is still not fully legalized so governments can't put tax for having or using it. For now, it still good as we dont pay taxes for buying or spending bitcoins. I just hope our government will never put tax in bitcoin because some governments are corrupt.

I am going to start cashing out in about 2 weeks. Tax season is in April so let's wait

To be honest, Taxation is a life blood of the government which all revenues collected are paid for the expenditures and infrastructure. All things are taxable even up to the bitcoins.
There is always a final tax that deducted to your earning that you don’t know.

Over the last couple of months, due to value of my small holding of BTC I purchased in 2014 and the massive rise of value, I have taken a deep dive into the prevailing opinion of CPA and tax attorneys regarding bitcoin and crypto currency by the IRS. I am going to quote some of the more important things to consider if you live and pay taxes in the US.

These are a few excerpts I have pulled from well researched paper addressing the exact issues the traders, miners and regular citizens looking to invest in the crypto coin space face every time to engage with their coin, tokens and crypto portfolio. These are excerpts pulled from longer articles, and a link to the original article is supplies and it is worth reading the entire essays.

What I discovered in my recent deep research dive is that the various decisions and non-decisions made over the last few years by the IRS on not well defined and confusing as hell.  Basically, the IRS wants it cake and wants to eat t as well.  

"So, an argument could be made that the IRS is treating cryptocurrency as both property and currency.

Reeling from this dichotomy, the American Institute of Certified Public Accountants recommended in a June 2016 letter[3] to the IRS that cryptocurrency accounts be reported in the summary information section of Form 8938, Statement of Specified Foreign Financial Assets, which breaks with the IRS’s 2014 guidance that cryptocurrency be treated as property.

If a taxpayer were to hold gold overseas, which is considered property by the IRS and, more specifically, a commodity, there is nothing in the Tax Code, that requires the taxpayer to report the value of the gold to the IRS every year. Further, if a taxpayer owns residential property, rental property, or any other asset deemed property overseas, there also is no requirement for the taxpayer to report the fair market value of that property to the IRS.

In the case of cryptocurrency, we have a dichotomy where the IRS is treating the currency as property for income "

http://www.cpapracticeadvisor.com/news/12380583/the-classification-of-bitcoin-and-cryptocurrency-by-the-irs

 
"Like any investment, individuals venturing into the cryptocurrency space must also learn about the tax repercussions of their investment decisions. In this tutorial, we’ll examine the implications of IRS Notice 2014-21, a set of guidelines and rules for investors which was first issued in early 2014.

One of the major implications of IRS Notice 2014-21 is that the U.S. government has decided to treat cryptocurrencies like bitcoin as property instead of as currency. The result is that a wide-ranging group of bitcoin stakeholders—everyone from consumers and merchants to bitcoin miners and service providers—will now fall under the larger umbrella of bitcoin “investors” in some way or another, and this group will now have to deal with complicated and sometimes daunting reporting requirements.

The IRS requires that taxpayers report the fair market value of bitcoin holdings for the date that the currency was received, not for another time. Thus, as long as Max is able to determine his fair market value in a “reasonable manner which is consistently applied,” he maintains leeway when it comes to determining his cost bases. Thus, he could make a determination of fair market value using a daily high price from one exchange, so long as he didn’t also use a daily low value from a different exchange as a reference point for his sales. This would artificially reduce his tax liability.

Bitcoin Tax Guide: Trading Gains And Losses - LIFO, FIFO, Offsetting Lots

The fact that bitcoin traders have the right to calculate their cost bases using one of several different methodologies makes the questions of tax reporting and enforcement even more complicated. Because bitcoin is taxed as personal property, investors have the option to sell their assets on a First-In-First-Out (FIFO) basis, a Last-In-First-Out (LIFO) basis, or they can sell specific tax lots that are most efficient via the “specific share identification” method that is commonly used in stock trading. Which of these options a trader decides to use may have a major impact on the calculations of both long- and short-term capital gains."

Certain digital currency exchange platforms automatically incorporate FIFO or LIFO methods for investor clients, regardless of whether one method or the other (or neither) is the most tax-friendly means of tracking cost basis. Investors might prefer to sell off a set of bitcoins purchased at a different time as a means of writing off ordinary income, then sell a different lot in order to realize a smaller long-term capital gain. The result can be significant tax savings based on a straightforward and legal change in personal accounting.

Practically, though, “specific identification” sub-accounting could be either out of the hands of the individual investor or impossible. It’s unlikely that exchanges and wallets will work to ensure that trades are executed in a way that optimizes tax returns. An investor would have to specify exactly which bitcoins to sell and at which time, keeping track of any new transactions with time-stamps in the process. Combining different wallet addresses into a single account, for example, could completely jeopardize this process. The result is that the entire process of keeping track of bitcoin trades for tax purposes is incredibly complicated, and it’s likely that many individual investors (regardless of whether they have help from tax professionals) will incur unnecessary tax liabilities in the process.

Bitcoin IRS Tax Guide For Individual Filers
https://www.investopedia.com/university/definitive-bitcoin-tax-guide-dont-let-irs-snow-you/

Crypto to Crrypto

How Do Taxes Work With Cryptocurrency? – Paying Taxes on Cryptocurrency in the United States

"...this means that you can’t trade one cryptocurrency for another and defer gains and losses year-to-year that way. For example: you can’t buy a bitcoin in 2017, trade it to litecoin in 2017, sell the litecoin in 2018, and then pay taxes then. You have to pay taxes each time a cryptocurrency is converted into another currency.

This can have some complicated tax implications where you can end up owing on profits in one year, but see those gains wiped out the next year, and then are unable to write off gains against losses because you are dealing with separate investments in separate tax years! In other words, you could, in the worst case, lose all your money and still get a giant tax bill if you trade a lot of cryptocurrencies over the course of a two year period with heavy gains one year and heavy losses the other.

If you are going to trade cryptocurrencies, consider every trade from cryptocurrency to cryptocurrency, or from cryptocurrency to USD, as its own transaction for tax purposes (each transaction from one coin to another is a taxable event where the fair-market value of profits and losses must be calculated in USD).
You can write of capital gains and losses in a year (writing off real estate, against gold, against one cryptocurrency, against another cryptocurrency for example), and things like the 30-day rule (and other such rules) should by all means apply, but you can’t treat different cryptocurrencies as “like-kind properties” and defer gains and losses into another calendar year that way."

http://cryptocurrencyfacts.com/the-basics-of-cryptocurrencies-and-taxes/

Virtual Currency and Section 1031 – A Retraction and New Position

But since the release of Notice 2014-21, the IRS and the federal government as a whole have shown a considerable amount of hostility toward virtual currency.  Last year, the IRS issued a hotly contested John Doe summons directed at Coinbase, a virtual currency exchange. Recently, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has cracked down on virtual currency exchanges that have not registered with the federal government as a Money Services Business.

The recent regulatory enforcement constriction as it relates to virtual currency appears to evidence a shift in the government’s position and suggests the IRS is beginning to view cryptocurrency more like actual currency and less like investment property. Our change in opinion with regard to Section 1031 applicability is a result of this apparent shift. A taxpayer exchanging Euros for U.S. Dollars would not be able to rely on Section 1031 to defer any currency exchange gain and so it appears that the same could be said about exchanging one type of virtual currency for another.

https://klasing-associates.com/virtual-currency-section-1031-retraction-new-position/

Cryptocurrency Traders Risk IRS Trouble With Like-Kind Exchanges
https://www.forbes.com/sites/greatspeculations/2017/08/15/cryptocurrency-traders-risk-irs-trouble-with-like-kind-exchanges/#51d255a026a8

How To Report Bitcoin Cash And Avoid IRS Trouble
https://www.forbes.com/sites/greatspeculations/2017/08/04/how-to-report-bitcoin-cash-and-avoid-irs-trouble/#

Top 3 Legal Ways to Bypass Bitcoin Capital Gains Taxes in the US
https://themerkle.com/top-3-legal-ways-to-bypass-bitcoin-capital-gains-taxes-in-the-us/

Do I need to pay taxes if I sit on (do not use) bitcoins?
https://bitcoin.stackexchange.com/questions/47921/do-i-need-to-pay-taxes-if-i-sit-on-do-not-use-bitcoins

How Specifically The EU & US Intend To Tax Your Bitcoin
https://news.bitcoin.com/specifically-eu-us-intend-tax-bitcoin/

IRS Uses Chainalysis to Track Down Bitcoin Tax Cheats
https://cointelegraph.com/news/irs-uses-chainalysis-to-track-down-bitcoin-tax-cheats

IRS To Go After Bitcoin and Bitcoin Cash Profits, What to Expect
https://cointelegraph.com/news/irs-to-go-after-bitcoin-and-bitcoin-cash-profits-what-to-expect

Tax compliance
https://en.bitcoin.it/wiki/Tax_compliance#Trading

How do I report digital currency activity on my taxes?
https://support.coinbase.com/customer/en/portal/articles/1496488-taxes-faq

So, I truly apologize for sparking the fear, loathing, denial and delusion that taxes produces in many people. Here in the US it pays to hire accountants that specialize in the various fields of investment, stock traders, and the like.  These traditional professions have developers intricate tax strategies, investment schemes and are forced to adhere to regulatory policy that keeps them from getting into serious legal and tax issues.

The world of the cryptocurrency exchanges has be the Wild West, with basically no regulatory structure (for the most part). The interesting fact that came up in my research is that when the IRS classified bitcoin as a form of property opposed to a currency is put bitcoin into a class where every single transaction is considered a taxable event, subject to long or short capital gains.  According to the IRS, this includes crypto to crypto trades and sales.  It also means that if you were to buy a cup of coffee using bitcoin, that is a taxable event subject to capital gains.

This is by design, and in making the rulings on crypto over the last 5 years clearly demonstrate the hostile posture the IRS has taken against bitcoin and cryptocurrency. Unreported capital gains equals tax evasion, which is serious business that carried fines, penalties, back interest and potentially prison. With the IRS 'John Doe' fishing expedition lawsuit against Coinbase, the IRS has an agenda to identify and prosecute a few suckers in high profile trails as a public example and PR campaign,  Since the IRS is currently under budgetary assault by the US House of Representative, the skinny on the street is that this is battle that the IRS cannot afford to lose.  They need a high profile demonstration of muscular power by making examples out of a few crypto players.

Of course, this is only one agency in the US Govt.  There are a few others that understand the serious threat to global financial system that the sudden interest, popularity, financial commitment and belief that bitcoin has ignited in the people.

This is my overall take away from the volumes is read trying to interpret specifics on the current IRS position and policy regarding the taxing of cryptocurrencies.

• You don't owe any traditional capital gains if you don't cash out your bitcoin profits into fiat currency.
• Bitcoin Cash is magic money, however the IRS has not made a policy around that event deciding whether it is a stock split, or pure capital gains.
• There is no clear IRS policy at this point as to whether Crypto to Crypto trades and transactions fall under the IRS purview.  Some tax experts say yes, other are not sure as the IRS waffles on policy.
• In the case of hacked exchanges, stolen coins, locked out wallets, the IRS does not care.  You are on the hook for whatever tax you owe on the coin.
• Charity and Donations: Due to the policy of bitcoin being property and assets of value, opposed to currency, both you as well as the receiving charity are on the hook for taxes.  I kid you not.

If you have made significant money over the last few years mining, buying, trading, and speculating on bitcoin, before you go to cash out in fiat US dollars, find a tax attorney that works with the various aspects of capital gains, wealth management, and setting up an LLC that will give you a structure in which to maximize your capital and minimize your tax exposure. Doing something like this takes planning and lead time and will allow you to legally enjoy your new found wealth.

There is one other option that I discovered. Become a full time resident of Puerto Rico (183 days of the year)

Move to Puerto Rico and Pay Zero Capital Gains Tax
http://premieroffshore.com/move-puerto-rico-pay-zero-capital-gains-tax/  

Anyway, I found a pretty great tool that will give you the ability to track down important exchange transactions and the relative value, gains and losses of your trade history.  It claims to be anonymous  and the data can be destroyed after you has run your own personal financial forensic trade reports.

Your personal Profit / Loss Portfolio Monitor and Tax Tracker for all Digital Coins
https://cointracking.info/

Good luck on this wild ride, if the last few days have not been wild enough ($14.5K), the next few weeks are going to be mind boggling!

~ Bobby Ocean

My accountant sent me this link

https://www.goldinglawyers.com/do-i-report-bitcoin-on-an-fbar-or-fatca-form-8938/

thanks man. great article.

yes, but not in the manner we are thinking. when folks get arrested for running unlicensed exchanges and for operating as unregistered money services businesses, they often have to pay taxes retroactively, as most criminal that generate value during the commission of the crime. this can be directly compensated to the government, usually in the form of a fine or penalty attached to a judgement, or this can also manifest as property forfeiture. value is value, and having ones shit stolen by the government looks pretty much the same on paper as paying them a bunch of money :)

a big red line item.

People cant be force to pay bitcoin taxes not even in the communist countries like China. The word force cannot be use if bitcoin is legal in a certain country rather it should be an obligation for every citizen to pay bitcoin tax if their businesses and income are engaged in bitcoin. If they will not pay bitcoin taxes then they should not be force to do it but they shall face consequences according to the regulation still it is just like not paying our normal  income taxes in fiat.

In my opinion it is hard to determine who uses bitcoin but a transaction can be seen in public. Compulsory tax payment can not be made because of the fact that there is not enough law regarding this topic Such events are still not happening in our country. Happy to think that such an event will occur as many investors can lose enough to invest in bitcoin because maybe in tax pay.I just think it

If your transactions take place only in bitcoins you do not have to pay taxes. This probably will never happen. Governments do not recognize bitcoin as currency. But most people periodically exchanging bitcoin for Fiat. In this case, the tax office will regard it as your profit and you will be required to pay tax.

i think in the future we can have tax and its not going to anyone to be force because for me we need tax here in bitcoin for more good and more safe,most of scam accusation here in online world is related to bitcoin so i think if we have government also here some person that use bitcoin to scam will get scared for what their doing because the government can monitor that

I think they cannot imposed tax on bitcoin since it was a cryptocurrency no one can rule it out and manage.But if they will legalized it I think it can avoid by scam and hackers who do it we can secured our bitcoins to somebody.

To my knowledge, I think it's no need must to pay tax on bitcoin. But maybe for the country that has legalized bitcoin already has its own rules to pay taxes on the government, I myself not knowing it yet.. I must paying a taxes to the government considering the government in my country hasn't to regulating bitcoin.

i don't know with people who come from other countries but me personally never
but pay tax means bitcoin will be regulated by government and as long as government
still not admit bitcoin then possibly to bitcoin users paying tax is pretty small but i personally
will following the rule if someday bitcoin regulated in my country and have to paying tax

Bitcoin is not anonymous at all and some governments structures can make you to explain the income on your bank's bill. That's true that not every country made it's strategy about crypto currencies taxations, but they simply may count your cashing out as profit from which you will need to pay the necessary percent as the tax.

The short answer is no. But recent Court proceedings make me think it will be taxed soon: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/

As far as I know yes. Taxation is lifeblood of the government and it is mandatory.
The earning that you get from the investments are already net by Final withholding tax 10%; with this you cannot escape or avoid tax in all commercial transaction because tax is everywhere.

The IRS does not view crypto currencies on legal tender, they even went as far as to say “you can’t pay your taxes in crypto’s so they aren't currencies”However, if you had a realizable gain then your income may be subject to ordinary income taxes or capital gains taxes, this largely depends on how you treat the crypto’s. If you need help feel free reaching out to my firm

I do not think so. No one is actually forced to pay tax. Especially with income that are considered as business. These includes the business owners, real estate agents, practice of profession and investments/trading which includes Bitcoins. They are not forced basically because they will be the one to file their own income. And if they don't, penalties and more fees will apply. And I doubt that they can force tax on Bitcoin because they don't have any idea on who to force. Bitcoin transactions are anonymous and you can earn from it while your identity is covered.

Well, I talked to my accountant last week.  He had just come from a huge gathering of tax professionals to get some insight into the new tax law.  Solid CPAs, accountants and tax attorneys regularly use the conventions and the seminars to stay abreast of the tax code.

I told him that I had purchased BTC in 2014 and have held on ever since.  He said the the tax implications of bitcoin were broadly two-fold:

As it stands right now, if you realize profit from BTC and convert your BTC into fiat (dollars) you are basically under the honor system.

I go 'Whaaaa?" 

He clarified by letting me know that banks in America are required to issue a 1099b, that is part of the banking regulations. The 4 exchanges based in the US and NOT required to file a 1099b to their customers. So, the official reporting requirement is the primary way the IRS tracks income in the country I that income has generated a 1099, which is usually the responsibility of the employer when it is freelance of contract work.  Without the 1099b, the IRS is not alerted through it's system that you made some money outside of a regular employer who would pay you a salary and have taxes taken out before you get your money.

The originating company (the exchange) would be where the 1099 would be generated. The bank they use to do their wire transfers is not responsible either, as well as your receiving bank. Now, part of the know your customer scheme at the bank you do your banking is behavioral, another critical element being used quite a bit is a type of pattern recognition (AI), so, I would get your story straight before wiring money into your account. One option would be to start a small business where you begin to file a schedule C which can be done as a sole proprietor (DBA, but you should have an idea of what the wire is for. 

The receiving bank will not report to the IRS the wires you received as income, for how the hell do they know what is it for.  If you are going to convert BTC to fiat, talk to an accountant who works with professional floor traders or stockbrokers about short term and long term Capital Gains taxes.  There are different tax rates. Short term is if you buy and sell within the same year. Long Term is over a year.  There are rules and regulations in the financial industry that it seems that the IRS will being applying to BTC transactions. Also, there is no carryover, so you get hit with the capital gains tax pretty quick in that world, but there are accepted practices where a broker gets 1000 stocks of IBM, sells half in the first year (short term CG) and hold the other half for a couple of years (long term CG) - but that would not work in the case of BTC - Why? bitcoin is not serialized like that.  So the idea of buying 1000 BTCs and doing a maneuver like I described half now and half later, is impractical,a least at thins point. 

Disclaimer: I am not an accountant or a CPA - this tax information was shared to me to help get a deeper understanding of what I am going to do with my BTC down the road.

~ Bobby Ocean

This is where greed and loss of cognitive skills and denial come into play. There is a tendency for people to waffle on their once good intention when faced with a stack of green. 

They can't really prove anything right now so I guess its not possible at the moment, but you never know in the future.

Maybe for some people, will be very forced if have to pay tax bitcoin. Because it will reduce their assets. But for me, to pay taxes, I will agree to that. But the tax is not too much-lots yes  ;D

In the near future, states will try to impose a profit tax on operations with crypto currency, and in some cases people using crypto currency will be forced to do so. The state can establish the rules by which anyone who sells the crypto currency will have to provide their identification data for paying the relevant taxes and then citizens will have to do it. Of course, you can try to bypass local banks, exchanges, exchangers and use overseas. While I can not say for sure whether it will be possible then to escape taxation in your country.

In the United States, very few have voluntarily disclosed.  The Internal Revenue Service has strong armed Coinbase into disclosing invetors trading on their platform so for tax year 2017, the answer to your question will be most assuredly, yes. 

Here is a good column on the topic:

http://thecryptotaxcenter.com/2017/12/09/the-tax-man-cometh-to-an-exchange-near-you-soon/ (http://thecryptotaxcenter.com/2017/12/09/the-tax-man-cometh-to-an-exchange-near-you-soon/)

All I hear is that the "US Internal Revenue Service (IRS)",  The IRS says that bitcoin should be treated as an intangible asset or property and not a currency, since it is not issued by a country's central bank. The treatment of Bitcoin as an asset makes its tax implications clear.

The IRS requires bitcoin users to report bitcoin transactions of all kinds, no matter how small. Accordingly, each US taxpayer is required to keep a record of all purchases, sales, investments, or use of bitcoins.

*CMIIW*

I didnt get taxed whenever i use my bitcoin for money remittance but it has a high fee. In the Philippines it doesnt have a regulated tax but it has a high amount of fee per transaction.

not yet but may be in future people were possibly forced for pay tax on BTH but not yet

As of now no one and seems that thing will never happen. As long as it is done online I don't think government can impose their rule for asking taxes from the Bitcoin community.

Based on my experience I never have been charged or fine due to tax or any related fee. I think the government have not enough documents or no technical capability to track each user that profited from buying and selling bitcoins. However, they could be charged a tax to the trading platform company especially if that is headquarter in the United States. Given the fact that people will be tax, I think more people will look for a way to be completely anonymous to the tax collectors.  :)

Already in some countries government are asking people to pay taxes on Bitcoin buying and selling. So if we pay taxes on Bitcoin trading then there is a huge chance to make Bitcoin legalize in our countries.

This is can only be possible in the countries that has legally accepted bitcoin under the terms and condition of implementing tax rule on bitcoin transactions. If this be the case, then just like in the normal currency, tax has to be enforced on every transaction as agreed by law. But so far here in my country, no agreement on bitcoin yet, as such, no tax enforced yet.

I think that the bitcoin tax will be introduced soon. Crypto currency is a new currency. It is subject to settlement.

And what can it lead to? Bitcoin will not be profitable. Moreover, this will lead to a drop in value on the exchange.

One of the advantages of Bitcoin is that it doesn't get taxed meaning you get the full worth of what you worked for. No government can meedle into what you have since they don't have any right to do so since there are no laws or any regulations established for the managrment or control of Bitcoin. Also where I come from, people are not so knowledgeable with its structure. So since they are not familiar with it, they don't do anything about it they just let it flow. However, the situation totally differs when you sold your Bitcoin and declare the money you've earned through selling. Exchanging large amount of Bitcoin can also lead their to curiousity. So maybe it is through these actions that people might end up having Bitcoin taxed.

A government law is required to force the payment of taxes, in many countries the laws related to BTC are not exactly clear and valid. That is because these laws are uncertain for the time being, so it is unlikely to happen.

This is only they way that they would really to impose taxes by means on regulating exchanges because we do know that those exchangers would really need to comply some documents for them to operate which means government would really have an eye regarding on the transactions have been happening on their vicinity which they can really use out about paying up taxes but talking on individual paying up on taxes then its not possible same as you said it would really be hard to track someone who do earn bitcoin and made profits.

That is only rumors, for now bitcoin is not required to pay tax because this crypto currency are not centralized. Even other coin or altcoins they are not need to pay tax because in other countries bitcoin is not legalize so their profit in bitcoin is not subjective for tax. In addition there's no clear rules regarding payment of tax in their income.

I think no, because bitcoin is decentralized and no one people or no one country that can control bitcoin. This is what government is afraif of, cause bitcoin is indeed can't regulate by anyone, that's why their are countries that forbids the use of bitcoin cause they believe ,that they can get nothing in bitcoin and cannot help to their economic growth but rather than looking up bitcoin as threat. Theres a possibilities that bitcoin can be use to money laundering and hide wealths, tax evasion is possible as well. Maybe the bast way to regulate bitcoin is to create and legislate law that fit in cryptocuerrency to ptotect country's economy. Providing official exchanger will help. And impose additional fees to stands as tax fees. This is just my opinion.

You dont need to be force to pay bitcoin tax but you'll be required to do so if bitcoin is declared legal in your country in which earning thru bitcoin will be subject to tax as per regulation rules and policies to the exchanges. This bitcoin taxation is acceptable as long all tax will be use directly to serve the people not to serve the pockets of corrupt officials.

Yes if you want to go in a legal way then you should have to pay the tax on bitcoin for government

For me,bitcoin is decentralized and no one can give a rule from it ,they cannot imposed a tax on it as long it was not legal in our country.But I think bitcoin has its own world ,a digital currency that we can only transact and not by anybody else who wants to hacks it,no third party allowed that was the rule of virtual currency,this is nit regulated by someone else so they cannot pay tax on bitcoins.

These are some of the stupidest nonsensical replies I've ever seen. Are you all criminals? In the united states there is a 25% capital gains tax on all net profits from deposits made to crypto exchanges. And if you do not report how much you deposited into the exchange to begin with, your ENTIRE withdrawal will be taxed. Not fun huh? Hold the crypto for a year or longer and you fall under long-term gains which is anywhere from 0-20%.

Seriously, no Koreans on here? South Korea will probably be setting a capital gains tax similar to the US from what they decided during their emergency crypto meeting. Everyone talking like it's the wild west, wake up. This isn't 2010, the crypto market cap is no longer negligible, if you live in a 1st or 2nd world country that even allows crypto trading, the taxes are already on their way.

It may depends on the exchange or jurisdiction of the country. but if the marketplace is decentralize it won't happen because bitcoin and altcoins are consider as Anon coin which are privacy! i hope the government will change their plan in the future. hope they can create coin that will help bitcoin to sustain its volatility

beware the deception by gov and tax office

1) get you to admit it is an income

2) get you to admit what you use it for e.g. investment

3) then if you do not admit to any of that, they will make a determination and take your money



it is just your money nothing else, not your fault you have to exchange your btc into fiat to utilize goods and services, they should learn to accept your money




if all else fails do not forget to claim your lost coins as a loss, the value will be determined by the end financial year you decide to claim said loss

It can't be possible but maybe on the exchange wallet possible they can do that.

I heard more about large fees than earning's tax. I think there is none to few transaction who are being taxed. On my country, only earnings on stock market are subject to it and i dont think we have a taxation on this cryptocurrency. It also cannot be considered as statement of an asset here so i dont think for this moment our government doesnt do it.

I think it depends on the government of our country but as we know bitcoin was decentralized and cannot forced to pay taxes over bitcoin.I think the charges or fees when we transferred money is consider as our taxes.They have not enough rule to imposed a tax to those bitcoiners.

Yes I've heard in some countries that they need to do that. We can't really stop regulation guys. These greedy politicians will still find a way to tax us.

Everyone is paying tax on their Bitcoin profits (unless they are hiding it). As far as I know, profits from trading of Bitcoin (and other forms of crypto-currency) is taxable all around the world. There is not a single country where the profits are not taxable.

Not Really; Is it true that it is illegal to participate in ICO

Government are trying to regularize bitcoin so they can monitor all the people who owns it and collect taxes, well this thing might happen very soon. We all know politics are being greed in terms of collecting taxes so they still the possibilities regarding on this matter but I still believe that no matter what bitcoin will remain more stable and government will adopt its technology so they can survive in a world of innovation.

in the philippines it is were i live there is no cases of people been forced to pay tax over bitcoin since, there is no rules and regulations being imposed on this trading. although all gains incurred in ll forms of trading are subject to tax.

In some countries they are obliged to pay taxes bug in other countries they did not imposed anh taxes (tax free).
 I think we should consider this since tax is very vital sources of income of the government to sustain a organized society. We should be open-minded in all possibilities and reasons why this thing was imposed.

It is good so the other country accept the bitcoin fully in their country. Taxation is very important in the whole country since it is the foundation of all and life blood in their system imposed.

This is the most common practice in the world. If a person makes a profit from a certain activity, he must pay taxes. Crypto-currency brings good incomes and therefore it is quite logical that such activity is subject to taxation. A capital increase is taxed, that is, an increase in the cost of a crypto currency, even if it is in a purse without traffic, and income from the operations with a crypto currency. Even in such a loyal to the Japanese crypto currency, there is also a profit tax on crypto currency. As the state will control this, this is another matter. However, tax evasion in almost all countries is considered a crime.

Any personal use asset you acquired for less than $10,000 is disregarded for CGT purposes
https://www.ato.gov.au/general/capital-gains-tax/cgt-assets-and-exemptions/





Why was Bitcoin made? Banks and tax are bad purposes





Think like this we are all dead - not now try bitcoin, litecoin, monero





Again why was Bitcoin made? A lot of peoples taxes went to saving corrupt banks around the world in 2008.

Some banks were legally allowed to increase fees and charges to lessen the impact of the coming GFC in 2008. Do you know any banks that did this in 2005 to 2007? Countries with no real GFC impact.

minimize tax (legal), don't hide it (illegal). Think "panama papers" our politicians said it was legal

As soon as bank and government see your fiat movement or ownership papers (house, cars etc.), you are on the way to pay taxes.
You can buy stuff with Bitcoin and avoid fiat flow on your account, but if you buy a house, cars and such you will own them and they will notice that you are accumulating wealth with small income like your salary.

I think this has not happened yet. Because the ban on Bitcoin is still widespread in any country. Surely this is very unlikely if someone has been forced to pay taxes on Bitcoin. Unless there are many countries that legalize Bitcoin, then I believe that there are already people who pay taxes with forced or not.

I think not, and if so where we have to pay taxes as bitcoin users and how much we have to pay

This was not happened yet,I think the government was not capable of collecting tax from this because its decentralize.The government is sightless of where they can get taxes.Many make and earn money from this so its clearly taxable but because of its anonymous currency exchange its quite hard enough to find those people who benefited from this.If the government regularize this currency maybe it will be taxable because of its profitable transparency.

Never happened to me and never heard about it. You will oblidge to pay taxes when your bitcoin will be converted into fiat as far as i know but bitcoin itself? I don't think it will be possible. It will be hard for the government to put taxes on a descentralized currency.

All depends on the country for which you live for there are country where Bitcoin and crypto currency in general are not accepted as a means payment for goods and services and in such countries you will need not to pay tax but countries where it is accepted as a means payment for goods and services you are expected to pay tax.

Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.

I haven't heard it in our country that someone had forced to pay tax, of course it is not, we are still free here in our country to do whatever we want in our earnings, we can pay taxes based on our permits to do so but is not yet required because there is no existing law yet.

It seems like here in our country we are not forcing to pay taxes but you could not claim you fiat without paying tax I think that's the way to paid tax in our country through remittances and banks. Because we have a wallet here that you can auto convert you bitcoin to cash and you may withdraw at banks or remittance because our wallet is base on blockchain easy to transact.

As per country laws and regulations one has to pay the tax and if not paid the government would take the action according to their rules and might even impose penalty and can frame them under section of their laws. In coming time we will hear more of this news as people who are avoiding paying tax might have to pay penalty on those taxes along with the tax.

According to some laws in America people have obligation to pay taxes on their income and crypto is not specified, but it's in a group of things to be taxed.
I read somewhere that, maybe someone can find something about that matter. 

There are really certain countries that requires you to pay taxes, because it was law regulated and you are obliged to follow the rules if not and they found and then jail is your next destination, so it is fine to go and pay taxes rather than going to jail, so lucky if your country is not requiring you to pay.

Whether we want it or not, in the near future practically all states will consider the issue of taxation simultaneously with the decision of the issue of legalization of the crypto currency. This is one of the important stages in the formation and development of the crypto currency. The profit tax on operations with the crypto currency and the capital gains tax with the retention of the crypto currency will be accepted in most countries and then we will have to pay it. In different countries, its terms of payment and the amount of tax will differ, but it will be installed on a par with it. Commission fees for the conduct of transactions can not be considered a tax payment, it's just the cost of maintaining the health of the system blockchein. Taxes are paid to the state and credited to the state budget and this is its difference from other payments.

no, it has not happened yet, and I do not think it will happen now.
but I can not confirm, maybe tomorrow or the day after, the tax payment will be applied.
if so, yes I will definitely follow its regularity, but I beg, please scammery pishing, hacking, it must be cleaned, bitcoin regularity should be even tighter.

Well and everything is still a consideration for most governments that haven't regulated bitcoin or accept it to protect negative actions on bitcoin. Anyhow it's still a question mark or the country is still monitoring crypto about the influence or impact it that can generate from it given its characteristics. If it has been fixed to accept bitcoin/crypto probably there will be applied a tax, and I think should not feel forced if the state already applying taxes.

I don’t think that it is implemented yet or atlest not in my country. We are still free to use bitcoin without any declaration with our earning through bitcoin. Well, i am also hoping that it will not going to happen in the future since bitcoin was created as decentralized currency. So it should be free from taxes and being contolled by the government of any country.

So far I don't know yet this kind of issue. Blaming the banks for this if it could implement in one country for only the banks can have an access to government officials to give law of tax to all bitcoiners who have huge amount of money when it come to exchange. Government will fall easily to banks proposal for it could help the country to have more profit from cryptocurrency because of members citizens who are bitcoiners. I don't have a clear understanding with this.

 Nope. In my country bitcoin is not yet legal but not illegal. But for the government knew about this kind of vitual coins that exist and most or filipino people are engage with it as a source of income. So far no violent reaction fom our government.

There are direct tax implications for bitcoin yet. This is probably one of the issues for governments and the talking of probably regulating the space by July this year. However, there are indirect taxes associated my bitcoin and other cryptocurrencies, this would mostly do with Exchange sites that perform such services. As they are registered businesses, they are obliged to pay taxes to the governments. Thus, for we customers who use their services, they would have considered these tax implications when charging us a fee for the service of exchange they provide to us.

How are you going to pay taxes on profits from Bitcoin trade, in countries such as Bangladesh and Nepal? Bitcoin is banned in these countries and if you include the trades in your tax return then the chances are that you will be detained and fined by the tax authorities.

You shouldn't be using bitcoin then lol. If you are from a country that has banned bitcoin then don't use bitcoin, it's better to not break the law than risking it, although it would be pretty hard, close to impossible for the authorities to ever find out that you own bitcoin.

In my country, Bitcoin has not been legalized and the use of Bitcoin in my country is still very limited. So it is very clear to all of us if the Government or any other party is not entitled to collect taxes on Bitcoin. And even if there is a force, I will not.

The word forced is inappropriate, if the government tells to us that we should pay tax over bitcoin then we should just follow, it is better than totally banning bitcoin due to where are not following the rules of our country, so it is better than anything else, it is better to abide the law.

Actually I've seen in newspaper that a guy faced a charge for money laundering because they've found Bitcoin worth 100k EUR on his computer (he has been arrested for being a hacker and this is how they've got access to his computer). It's close enough to "forced".
But his lawyer managed to get papers from ANAF (our IRS) showing that Bitcoin is not taxed.
The news is here (http://evz.ro/tranzactiile-cu-monedele-bitcoin-nu-sunt-impozitate-de-finante-u.html), but you have to use google translate for it.

Of that is sad to hear, maybe taxation in cryptocurrency in their country is legal that is why, I hope that no one will be arrested here in tis forum about that and we'll all gonna comply with the law so that it won't cause any problem  in us in the future, let us obey rather than committing a crime.

In our every action there is a consequence, whether it is good or bad, so the problem is we already know what is right and wrong yet we are keep doing wrong and trying to escape if we have the chance, so make this story a moral lesson guys, if tax is required you have to pay for it, we have an obligation as a citizen.

In the near future all states, along with consideration of the issue of legalization of the crypto currency, that is, its classification, determination of the conditions for its circulation inside the country, will have to consider the taxation of bitcoin and other crypto currency. Some countries, such as Japan and the US, have successfully applied the tax legislation to the crypto currency. Therefore, we want it or not, and the crypto currency will be taxed along with Bitcoin, which we will have to pay. If we want bitcoin and other crypto currency to be legally used in every state, we have to pay tax on profits from operations with crypto-currency and a capital gains tax on increasing its value.

Forcing people to pay taxes is not what we expect in our country... where the government is formed following the principles of democracy. The Constitution of India has prescribed rules and formats for the tax payers and tax computation. So if the earnings from the bitcoin fall under any of the heads prescribed under the law, then it would be liable for tax.  

I have a point here for it. Though India is yet to accept / legalize Bitcoin, the Income tax department went on a ride with the traders in a metro city. They were caught and asked to pay tax for the earning they made. The proof was their bank statements given by the respective banks. Large transactions made ITO suspect on this moments. But later, it became normal. Its good to pay tax when bitcoin is legally accepted.

I live in a country where gains in crypto are taxed above 30%, but there are countries where you pay much less, in some countries you have zero tax. Example would be Denmark. Very smart, will attract a lot of wealthy people to Denmark

I can disappoint you, because it is time to legalize the crypto currency in each state and along with the establishment of the status of the crypts and the definition of the rules for its circulation inside the country, issues related to its taxation will be simultaneously addressed. Despite the statements of some people on this forum that the crypto currency can not be taxed, we see that in some countries, such as Japan, taxation is quite successful for crypto currency, and it brings profit to both citizens of these countries and the state. Therefore, we will have to pay taxes when dealing with crypto currency in the cases provided by law.

I've heard that people in US are now obliged to do it for their crypto investments but many of them really did  not want to. They are not forced but it looks like it's the same because they will be penalized if they don't follow it.

Yes, that's why the US has a tax day and that happen lately. Having that force tax to the people was good to the economy if the government did not corrupt it. Well, luckily here our country bitcoin was freely on tax as of now we enjoy using bitcoin without getting any tax from my government that's the part we enjoy using bitcoin.

If in my country this has not happened yet and I am not forced by anyone to pay taxes on Bitcoin. Bitcoin is still very free in my country and the Government has no right to impose a tax on Bitcoin. Because Bitcoin status in my country is not yet valid, so there is no Bitcoin tax regulation in my country yet.

No experience on that yet. Bitcoin tax has not really been a problem. People still make free money from it and don't remit anything to government because it has not been brought into the constitution.

the taxpayer must also include the ownership of bitcoin in the property column of the annual tax return. If not include, then the property is found by the tax officer then the taxpayer can be threatened sanctions in the form of fines.

I think it's no need must to pay tax on bitcoin. But maybe for the country that has legalized bitcoin already has its own rules to pay taxes on the government, I myself not knowing it yet.. I must paying a taxes to the government considering the government in my country hasn't to regulating bitcoin.

I am a little confused what do you mean, bitcoin taxes to the government or taxes when we withdraw or send or exchange? if it is to a government that I know is only a country that legalizes bitcoin that charges taxes, but for countries that prohibit and people still use bitcoin, they are tax free only charged fees at the time of redemption or withdrawal.

If you live in a country that they force regulations to cryptocurrency then you should start paying bitcoin.

But as long as there's no enforcement and law by the said country about taxation for bitcoin, I guess you have to voluntarily go to the taxing commission and file your income tax.

It´s not so simple. Even if your country has no regulations to cryptocurrency you would still be obliged to pay tax as you have to pay tax also if you make a profit in the forex markets and many governments make no difference if it´s regular currencies or crypto currencies your are speculating with.

for the moment no one is forced to pay tax on bitcoin, in every country there is no provision of tax bitcoin tax, the government also can not force ask tax bitcoin

Actually, haven't saw information regarding this in the diverse sources yet.

The law is not yet formulated on the bases  on tax collection because of the bitcoin being decentralized and being anonymous, that's why the government and crypto currency is not in harmony due  to taxation.

In a way, it has: you can make all the profit you want from BTC or other cryptocurrencies, but as soon as you try to cash in your profit - you have to "go back" to  the fiat world, and that's when the governments catch you and you pay that tax on that extra income

This is a common misconception, do your research and you will notice you have to pay tax if you made money if you were investing or gambling. Governments don't care what game you played or where you invested, they care about your profits and want a part of it.

You are paying tax yes, but that is if you do it through the conventional investments or gambling. I don't think traders and crypto gamblers are being taxed just yet. Well if there are then it's probably very minimal that not many know about it

For some countries, bitcoin  has been regulated with a tax, for our country although it is not regulated we are not forced to pay and to declare our income as part of our other income, I just don't know what other countries are doing for their people.

I have not yet come across this, but I know that in some countries the crypto currency is introduced into the tax return. Soon this will be the norm everywhere.

Of course, any activity that generates profit can be taxed by the state. Crypto currency and bitcoin, in particular, is no exception. Already many countries have established income tax on the crypto currency, including capital gains tax. This has already been quite successful in Japan, where both the state and citizens receive income from this activity. Therefore, the tax will have to be paid. If someone believes that the crypto currency can not be taxed because of its anonymity, then it is wrong.

I think that the charges that we had from trading sites can be considered as part of the taxation paid by those sites who operated for business. Nothing certain about it but only my idea, however that can be possible for the trading site owners to add their operational costs to every customers they had.

As many said before me i thik that if you just keep your coins in bitcoin you are anonymus and can't be forced to pay taxes. Altho when you would want to transform in your countrys currency or buy something you should respect the law and pay taxes for the amount you spent.

In most cases, which of course also depends on the country you're living in, spending coins to buy goods isn't subject to tax, which is a good thing. It's an effective way to bypass harsh tax regulations affecting your gains significantly. I much rather do that than actually paying tax over my holdings, and I'm sure a lot people here think like that as well. On the other hand, I can perfectly understand why people prefer to cash out in a peer to peer manner instead of through centralized exchanges. If the tax policies were set up in a fair manner, people wouldn't even need to come up with creative ways to avoid paying tax. It is what it is I guess....

 I've heard in some countries that they need to do that. We can't really stop regulation guys. These greedy politicians will still find a way to tax us.

In many countries it is already necessary to pay taxes on the btc. I have read for example that in the United States the BTCs are assimilated to the shares and the gains on the BTC should be taxed as if they were capital gains. In Europe, on the other hand, there is a tendency to assimilate them to foreign currencies, taxing their earnings anyway.

Unlike other countries,here we are not force or liable to pay taxes on bitcoin.We are only paying a small amount of fiat money as service fees for every cashing out transaction of bitcoin into fiat money in an exchanger.

Each state has the right to tax any activity of citizens, which brings income. If the relevant state bodies make such a decision, we will have to pay taxes on profits in the crypto currency. We are not going anywhere. Evasion of taxes is usually considered a serious crime in any state. Of course, paying or not paying taxes, everyone's business.

It is what it is for those who know what they sign up for when using centralized exchanges. In that regard, they don't have a choice other than to proceed with feeding the government their hard earned profits. If you are not dealing with anything that reeks of centralization, the choice is there for you to get that bit of freedom. In no shape or form should the government EVER be handed over money that easily.

What is the government providing for you that is worthy of everything you hand them over in tax income?

I think it's time for people to realize that this whole government era has grown to what it is today because we allowed it to happen. Governments are there to support everyone where possible, but these times are no longer existent. We have been providing governments passive income for decades, and nothing good came out of it. Instead, if we don't pay tax, we are being treated as criminals, which is mind boggling. Shouldn't that function as a wake up call years ago already?

Correct mate, I never heard that bitcoin users are paying taxes here in philippines. Truth that bitcoin is not yet that very popular just like me before I am also thinking that btc was part of a scam well I don't blame them because they are not yet educated about it.

The truth is that you cannot force tax on bitcoin users reason because you may not know all the people that are into bitcoin, so how can you collect tax from someone you dont know,if people have been forced to pay tax on bitcoin i dont know but how exactly to pay tax on bitcoin is a complex issue 

I don't know this condition has occurred or not,and hopefully it will never happen but I think the government will not stay silent and will find a way to be able to withdraw tax from bitcoin transactions.

In my country all fees for transactions or withdrawals incurred in the digital market will be taxed.

It depends on the country. Those countries that actively develop cryptocurrency regulation will sooner or later introduce taxes in this area. Among Asian countries, Japan is the most advanced in the field of cryptocurrency regulation, among European countries - Malta.

The tax will be enacted if there is a regulation on it, for now most countries have no regulation for bitcoin so no taxes are charged to bitcoin users and I have not seen it myself. for gambling some states legalizing gambling like las vegas, macau, etc. therefore taxes are levied on them

Still, Government didn't declare Bitcoin as legal one but our governments are asking to pay taxes on Bitcoin and it's concerned cryptocurrency trading. People have negative concerns about the government because they don't want to legal the Bitcoin.

Well, payment of tax from one earning in crypto currency should be a voluntarily and not by force, but who ever go contrarily against the law of his or her country will definitely face the full rout of the law no doubt am sure is happening in some part of the world.     

But if in your country it is required then you are just forced to pay for it, since you don't have any choice but to pay for your tax with your income and that includes income cryptocurrency, if in our country they will require too then I will just have to follow rules rather than putting my name in danger.

Well, you should voluntarily pay the tax and if that is the rule to your country you don't have choice then you should do it. But i think if forcing? Maybe you force your self to pay because that's require!

Yes this is true. If we want the state to legalize the crypto currency and take it under its protection, including judicial protection, we will have to pay taxes. If we do not do this, then the state will be forced to restrict or even ban the decentralized Crypto currency. Considering that the states do not treat the decentralized crypto currency very well, it will do so with great pleasure.

Yes, unfortunately in many countries people pay taxes for bitcoins.

I think it hasn't happened yet, if it is applied to taxes it is already natural that we are subject to tax in transactions wherever we live, surely all regions / countries impose taxes.

But in most of the countries law is not written for crypto and it just need to be paid cause bitcoin and whole crypto could be connected to earnings and we need to pay tax from it.

not realy

It's very, very hard to force someone to pay a tax for Bitcoin when it's hard to determine if the person is even using it or not. I don't think there has been any situation of such sort.

Tax payment shouldn't be forced especially in the countries that  tax on fiat. I think if the laws are clear about it and there is supremacy of law, people earning in bitcoin will also conform if it is taxable too.


For direction purposes:

Obviously, bitcoin is digital, this is because bitcoin is not meant to be physically carried about. It is meant for the digital space to take care of such needs. And if need be that it will be used in physical world, it is plausible that it is converted. So I don't see that as a disadvantage or minus when it is playing a role not originally meant for it ::)


Lol.. Is never a myth buddy. You want to know?
You make the mistake of sending your coins to a mistaken wallet and see if you don't need a magic to get the coin back but it is one of the easiest jobs to do with bank & fiat. Just sending of message/email to the recipient or barring him from withdrawing it and where it has already been withdrawn, the account can be placed on barred and any credit sent to it is immediately withdrawn by the bank- that does it.

A worse case too, the bank officials can trace the recipient physically with the address filled or guarantors address. We off course know cryptocurrency is never retractable. Meaning, you can identify the wallet but can't retrieve by yourself or third party without the will of the recipient.
Therefore, in all its sense, it is anonymous.

If you use bitcoin as a tool for investing, then the payment of taxes is completely justified. But bitcoin is not regulated yet. And to track all the owner is very difficult. Therefore, there will be no taxes in the near future.

I have not yet come across news on forcing citizens or bitcoin earners to pay tax on their earnings. But citizens are bound to pay tax to their earnings as per their laws. The tax percentage differs according to their earnings. There are citizens who mostly try out for tax exempt. And i dont appreciate citizens are forced to pay taxes either on fiat earnings or Bitcoin earnings.

what if we don't pay for it because in bitcoin everything will be invisible, after all the government doesn't know if I'm a bitcoin user
from their country lol. for now I have never seen anyone pay taxes because of using bitcoin, and have never seen people forced to pay

I think that tax is not a compulsion because the tax is the duty of all of us as citizens, something we have to do and we have to pay, wherever you live, the tax will still apply, if yes bitcoin has already been taxed it means there has been a response from the government about bitcoin.

the name of a country anywhere or in the world whose name is tax we can not avoid anymore because all citizens are obliged to pay taxes, bitcoin does not mean coercion but indeed we as a society are obliged to pay taxes, and indeed the government has already imposed tax payments for bitcoin that means it already exists development from the government.

That is true but we could understand this question in different way, in some countries there are tax from income and it doesn't matter how you got this money you must pay some money from it even if you get something from crypto.

I don't think this will happen, but it depends on the person responding to it with a cool head and feeling that paying the tax is obligatory as a good citizen, or with a hot head and claiming that it is considered coercive. we remember that the tax was imposed and required for the development of the country, so it is natural that we pay taxes.

we remember that the tax is applied and intended for the development of the country, so it is natural that we pay taxes. as good citizens we must be taxpayers. and I think what you mean is that no one will be forced to pay taxes, but that is how to return to each other how they respond to it

As I know from news there were such cases already. I remember a story of a businessman who wanted to cover his income in crypto to not pay too much taxes, but the police ancovered it and pushed him to pay. Unfortunately I do not have any links to the story and I do not even know what was the end, but I saw it on our local news.

Well, Before 2017, bitcoin only had taxes on the exchange but there was no additional tax to hold bitcoin because it was not considered a property.

But after the success of bitcoin in 2017, the IRS has declared it as property. So now, because bitcoin is calculated as property, then, for all exchanges, mining, spending, trading or other activities will be taxed.

all taxes are a bill that must be paid by a bitcoin user who is forced because tax is one of the safeguards made by a country that does legalize bitcoin is not a problem because the country dares to be responsible for what will happen to its users.

So far there is no publication concerning to it, only they put tax on the item you buy with Bitcoin in some country but I never heard a country forcing its citizen to pay tax for their earning in Bitcoin or crypto.

Where is your source on that?

I'd really like to know.

I think the IRS and the US government is general has been treating bitcoin as what is most convenient for their case at the time. We can really nail them on that on the future.

And along the lines of, you, the government has messed up, we can use the leverage to get more reasonable regulations. It really won't do any good to strangle bitcoin in a country anyway, because that country may be left behind.

Not really...If you make BTC transaction from one wallet to another, no tax would be levied because of a decentralized anonymous transaction on the blockchain .I think that tax is not a compulsion because the tax is the duty of all of us as citizens, something we have to do and we have to pay, wherever you live, the tax will still apply, if yes bitcoin has already been taxed it means there has been a response from the government about bitcoin.

I think the only thing the criminal mob who calls themselves "government" (much like that mafia, yakuza, triad etc...) can do is make a few examples of people and hope that the threat of force and fear of being kidnapped and locked up in a rape camp is enough to force the majority into compliance.
This will not work of course, as long as their is a decentralized ecosystem, there will be people smarter than those who rely on the threat of force to extort you.
New methods to avoid criminal governments attempts to rob us will become mainstream and the oligarchs will fade into oblivion along with their counterfeit fiat fractional reserve monetary system.

Not all countries apply regulations and taxes on cryptocurrency, in my country, it is still quite open to trade and transact bitcoin, but the government remains supervised although it has not been regulated for taxes and other regulations. maybe in your country, regulations have been made, and taxes have been set, I am curious about that. as I know, many have banned and made bitcoin illegal.

The taxation usually in terms of what the law provide, since  crypto currency has no concrete policy that  will  guide on cryptocurrency taxation because it is a P2P transaction in the  transaction will hide the identity of individuals who did  the transaction. The only taxable means is the transaction to some legit exchanges establishment that is permitted by the government to operate.

no coercion means, the tax has not arrived at the calculation of income tax, and is still limited to VAT on the foreign exchange market in their country. it is not a big problem, but if applied widely, they must regulate bitcoin at this time and support its development legally. this is not speculation from real news because it is still a rumor.

Here in India, last year the income tax authorities sent notices to more than 100,000 Bitcoin users asking them to pay income tax on their profits from Bitcoin. I don't know how many of them actually ended up paying taxes.

Then what would be the benefit of crypto over fiats then?

Yeah I've never heard of it. after all, how does the government do that? whereas they don't know who uses bitcoin? even in my own
country there isn't any tax even though you use bitcoin to shop, maybe the situation will be different in the next few years?

Tax evasion is not supposed to be one of the benefits of crypto (I am not a big supporter of taxation, so I wouldn't be too upset in case you use crypto for that purpose). But under current circumstances, I would advice you to pay taxes in cases you owe them. Why risk a heavy fine and a prison sentence?

I think people are not forced to pay the tax because they have bitcoin or they are making a transaction with bitcoin, and so far, we can free to convert bitcoin to the fiat. But I think if there is any regulation from the government about using bitcoin as for the transaction, and they apply the tax for us, then we should obey the rule and we need to pay the tax. I guess that the tax is not too big depends on the money we've got so I think it is okay if we need to pay tax for using bitcoin.

In some countries there is special tax that you must pay from earnings from internet or even there is special law for crypto but in most of the cases there is tax that you must pay from your income.

Many people have resented to the payment of taxes on the bitcoin income. And they are also right in doing so. They have their own reasons to support their points. And the governing authorities have their own reasons to support their claims of taxation.

But there is one thing for sure you cannot force anything upon free citizens. Any way or other they will find the ways out to evade the taxation regime and will escape from the same.

P.S.: Nothing in the bitcoin market is stabilized aas yet, so it is difficult to say anything with surety!

I don't think I ever paid tax for bitcoin directly to the country, but I guess by withdrawing using Bitcoin ATM's I did, they have a TAX fee aswell which I think (?) goes to the country aswell? But by just transferring I never did, thats the beauty of bitcoin :D

It depends upon the country which you resides many countries legalised bitcoin without any tax. Few countries announced bitcoin as illegal this is because they afraid people use it for illegal purposes. But still there is no tax for bitcoin in many countries. For bitcoin transaction from one exchange to another we have to pay transaction fees. If tax is announced means then the economic growth of the country will be very good. So in future we can expect all countries put tax for bitcoin.

In Slovenia people not, but companies for sure: standard 19%.

Of course, it will be very difficult for tax authorities to determine the amount of tax to be collected from citizens. Apparently, the state will oblige all available exchanges and exchangers to introduce identification when making transactions with the crypto currency and submit this information to the tax authorities. Otherwise, citizens will pay taxes on income from crypto-currency very reluctantly.

Most of part of the world and in different Countries Crytocurrency is unregulated unlike in japan a well known first world country that most of the merchants out there are accepting crytpo currency (Bitcoin,eth,etc.) as a way of payment, and most of the employees in specific work areas are receiving crypto salary and crypto currency is regulated so as the role of government, people who has a big amount of salaray of Crypto is not excluded in tax regulation.

I think people in some countries are forced to do that but they are doing clever moves to avoid it. I've heard some people who are evading their obligations and not stating their income on cryptocurrencies. And another thing is that there is still only few who make profits on crypto so their government are still not serious about it.

In my country (Philippines) there is no yet charge taxes for bitcoin because, bitcoin is not so popular in here but I think now it's becoming popular because earlier when I'm asking someone or some of my friends about bitcoin they don't know what is it but now when I ask my friends about it there is some of my friends knows about it.
In experience in my entire year here there is no forcing to bitcoin users to pay tax yet.

I think governments will not forced their people to pay tax over bitcoin. Specially for countries that bitcoin is not so popular. I think its a good idea if they accept bitcoin as another way to pay taxes.

Not yet until it is registered in any region like paypal and other payment gateways or if it is registered in any region as an exchange currency.

Well so far as I know it is your own responsibility to report your trading activity and income in cryptocurrency, if they catch you at a later moment they will prosecute for tax evasion. The risks that they catch you will be less if you didn't buy directly with your bank account or credit card. Some countries are also really active with surveillance online and watching their people really close. The cost of such prosecution can be really high or you could end in jail depending on each country.