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Author Topic: Taxes on bitcoin?  (Read 3476 times)
ripti
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October 17, 2017, 11:20:42 AM
 #61

If the country has not declared a legalization of the Bitcoin you will not pay a tax and if it's legal on the country you will pay a tax. But you should research that if that country is legal or illegal about Bitcoin. Most countries have taxes on property transactions, and all property transaction must be registered, with the price in local currency included in the registration process.

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October 18, 2017, 01:39:36 AM
 #62

If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?  Smiley


Firstly, no government entity or organization can impose tax on bitcoin due to its decentralized nature, meaning no one actually has complete control of it. Imposing tax on something that the government cannot regulate will violate their powers and jurisdiction. Second, it is also a case-to-case basis and it highly depends on the country depending on their current laws regarding bitcoin. Lastly, bitcoin trading into different countries is no different from exchanging coins to fiat. It depends on the wallet you are using regarding their terms & agreement.

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October 18, 2017, 09:38:31 AM
 #63

If the country has not declared a legalization of the Bitcoin you will not pay a tax and if it's legal on the country you will pay a tax. But you should research that if that country is legal or illegal about Bitcoin. Most countries have taxes on property transactions, and all property transaction must be registered, with the price in local currency included in the registration process.
Today it is impossible to make a deal on the acquisition of real estate with bitcoin in any country in the world. States may require you to pay taxes only on your earnings in Fiat. Once you get the Fiat from selling bitcoins to Bank account, you will get under the tax code. Up to this point you do not have to pay.

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October 19, 2017, 12:39:17 AM
 #64

Depending on the country you want to trade if the country has accepted the bitcoin and made it a payment method of that country, no country in the world has recognized bitcoin as a bar method. mathematicians in their country. If the person you want to buy accepts for bitcoin, then I do not think you have a tax problem

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October 19, 2017, 05:06:41 AM
 #65

I've read earlier that Japan plans and " in discussion " to generate profit from taxes on Bitcoin and I was like how the hell will they do that , It's difficult to trace people who uses bitcoin, unless it will be generated from exchanges and trading platform which earlier have been accredited and allowed by the Japanese Government.

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October 20, 2017, 11:23:27 AM
 #66

I think the tax on bitcoin is still in fairness, there are many who say that bitcoin tax is expensive but I think it still makes sense and it does not matter if it continues to be applied to bitcoin.

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January 14, 2018, 07:50:20 AM
 #67

If you use bitcoin for transactions, it doesn't involve taxes, but in countries where bitcoin is illegal, you may have some trouble, especially if it involves a lot of money.
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January 14, 2018, 09:39:06 AM
 #68

I think the tax on bitcoin is still in fairness, there are many who say that bitcoin tax is expensive but I think it still makes sense and it does not matter if it continues to be applied to bitcoin.
And however bitcoin price at the moment it's higher than before, so the incomes that was earned will also be a high as compared to other jobs in general, it could be the reason the taxes on bitcoin deserve to be a bit expensive.
But still for the countries that hasn't legalize bitcoin including in the country where I live, still free on taxes. But after to cashed it, it's good if we keep paying a taxes to the government, or at least helping the paupers or doing a charity.

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.TRADE, EARN & OWN THE EXCHANGE
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Fatunad
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January 14, 2018, 07:27:35 PM
 #69

I think the tax on bitcoin is still in fairness, there are many who say that bitcoin tax is expensive but I think it still makes sense and it does not matter if it continues to be applied to bitcoin.
And however bitcoin price at the moment it's higher than before, so the incomes that was earned will also be a high as compared to other jobs in general, it could be the reason the taxes on bitcoin deserve to be a bit expensive.
But still for the countries that hasn't legalize bitcoin including in the country where I live, still free on taxes. But after to cashed it, it's good if we keep paying a taxes to the government, or at least helping the paupers or doing a charity.
Bitcoin price might did increase its price but doesnt mean it would really increase our salary too which we do earn in bitcoin since we do have still basis anytime on where we do earn. Same as yours im free of tax when it comes to my bitcoin earnings because it isnt still regulated or adopted here on my country which is good for now unlike on other countries which they are already putting up some taxation.


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jamirrah
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January 14, 2018, 07:42:35 PM
 #70

This would depend on how bitcoin and taxes is treat in your country. If you are paying tax for that certain property already then on next payment of tax return that particular asset is declared sold then how could you explain the sale that happens. Better go to tax bureau and ask about it.

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February 12, 2018, 07:07:53 PM
 #71

If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?  Smiley


all i know that if we buy some property there is also a corresponding tax to be paid. if you acccept btc as payment of the property you are selling thats good. but i think its not ok if you use its in other country like uk to re purchace property because uk is very strick regarding buying properties. they conduct investagation on where the money came from. so be carefull if you are planning to use it in uk.

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February 13, 2018, 08:51:32 AM
 #72

I live in ireland, should I pay taxes on the profit made?
Anybody knows if the revenue is controlling it?
thanks
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