If you own Bitcoin / Cryptocurrency, heres how much you owe in taxes

[CryptoMesdiaXRP]

How long before they start jailing people?

https://www.youtube.com/watch?v=LZQGO32n5iw&feature=youtu.be

How do you embed a video?

Thanks!

[CryptoMesdiaXRP]

Anyone know how to embed a video? 

[Melquart]

Taxes depends on country. I don't think it will be taxed anytime in my country.

[CryptoMesdiaXRP]

Taxes depends on country. I don't think it will be taxed anytime in my country.

What country is that?

Im from England and im sure they will find a way to tax every crypto.

[partysumo]

Taxes depends on country. I don't think it will be taxed anytime in my country.

The market cap for crypto is lower now in comparison to about a month ago, but once the cap increases once again, and the money flows into crypto once again, the governments will figure out how coins can be taxed. You can count on it. If something is taxable, it will definitely be taxed.

[jimbo2000]

Taxes depends on country. I don't think it will be taxed anytime in my country.

What country is that?

Im from England and im sure they will find a way to tax every crypto.

They already have a way, in the UK any income you earn is taxable either under capital gains or as income tax if you register yourself as a sole trader. You are taxed on any gbp you make, effectively under the formula of gbp out - gbp in = taxable amount.

Just because it requires you to self declare does not mean they do not tax. It is the law, if you choose to break that law it's down to you.

[solarion]

How long before they start jailing people?

https://www.youtube.com/watch?v=LZQGO32n5iw&feature=youtu.be

Video source https://www.c[Suspicious link removed]m/2018/01/30/cryptocurrency-and-taxes-what-you-need-to-know.html

How do you embed a video?

Thanks!

Today I have noticed that one guy caught by the police for holding 13 billion USD in the casino site. If there is no regulation and awareness of the crypto currency you can choose the wallet belongs to different country and hold it. If there is regulation implemented you should bear the tax according to country tax paying norms says. For example you earn the bitcoin in signature campaign. It is service oriented work so you have to pay the tax according to service work amount estimated.

[dogandogru]

How long before they start jailing people?

https://www.youtube.com/watch?v=LZQGO32n5iw&feature=youtu.be

Video source https://www.c[Suspicious link removed]m/2018/01/30/cryptocurrency-and-taxes-what-you-need-to-know.html

How do you embed a video?

Thanks!

Today I have noticed that one guy caught by the police for holding 13 billion USD in the casino site. If there is no regulation and awareness of the crypto currency you can choose the wallet belongs to different country and hold it. If there is regulation implemented you should bear the tax according to country tax paying norms says. For example you earn the bitcoin in signature campaign. It is service oriented work so you have to pay the tax according to service work amount estimated.

Agree with you. You can pay taxes as per the tax slab or revenue guidelines of your country. Rewards gained from campaigns and bounties are services oriented income and Bitcoin Price inc. will be considered as Short-term or long-term capital gain. For more detail, you should consult with a professional tax consultant or Accountant.

[CryptoMesdiaXRP]

When taxes come and if it is worth it - contact me, I have 10 different ways in mind to skip such fud`s even though we in Bulgaria are also under EU citizenship.

Spill the beans and let the cat out the bag!

[incomefromcoins]

in india it is 10 percent straight away taxes for those u make profit from bitcoin