Are you going to pay taxes?

[cryptokirby88]

In the Philippines as what I understand every business that gain or have profit must pay a tax to the government. I don't know in what way that the Philippine government can do a law that in way of web they will ask us to pay tax. I think it's complicated.

[Sithara007]

I don't want to pay taxe for bitcoin. i pay just for legal business

It is not whether you want to pay taxes or not. The decision is not with you. If you are supposed to pay the taxes, then the payment must be done. You don't have a choice here. Else, you may be detained and forced to shell out a huge penalty.

[Lecam]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

If I will be required to pay taxes, I think I can't really do anything against it but to follow it. As a member of the society, I must follow the law responsibly. It is not alright to earn money without taking part of my responsibilities and obligations. If the government will implement the taxation of bitcoin , I will just follow it.

[startblouse8]

I dont know about it because i hate the bitcoins totally and dont want to get indulged into it

[Sithara007]

If the government will implement the taxation of bitcoin , I will just follow it.

OK.. So let me ask you a question. Suppose your government bans the possession of Bitcoins and ask the users to transfer all the coins in their wallet to the authorities (without any compensation), are you willing to do the same? Blindly following the government orders are never going to help, in my opinion.

[LordTricky]

If the government will implement the taxation of bitcoin , I will just follow it.

OK.. So let me ask you a question. Suppose your government bans the possession of Bitcoins and ask the users to transfer all the coins in their wallet to the authorities (without any compensation), are you willing to do the same? Blindly following the government orders are never going to help, in my opinion.

Thank you, its nice to see some real people posting and not the sock accounts that are obviously poorly written bots...

[Thira]

Yes authomatic deduction in my salary every month.

[LordTricky]

Yes authomatic deduction in my salary every month.

Go self employed then you don't have to be robbed

[Sithara007]

Yes authomatic deduction in my salary every month.

Go self employed then you don't have to be robbed

Even if you are self-employed, you need to pay the taxes. Who told you that self-employed individuals are exempted from income tax? The only difference is that the self-employed are not liable to pay TDS (tax deducted at source). They should pay the taxes at a later time, along with the interest if applicable.

[Betheng10]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

Tax should be payed because that's an obligation as a citizen. Yes it will be difficult for the government to track down your profits but sudden increase of purchases would be questionable. Just to be safe, pay taxes it will be much cheaper hiring a lawyer than paying tax.

[s0beit]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

If it is a justifiable tax, I would pay my responsibility if it is my duty. In our country , most of our income is being taxed. Though it is against our will sometimes, we can't do anything agaisnt it but to follow the law. If were not going to pay taxes we'll be required to pay higher debt. So if it will be implemented, we'll just follow it.

[LordTricky]

Yes authomatic deduction in my salary every month.

Go self employed then you don't have to be robbed

Even if you are self-employed, you need to pay the taxes. Who told you that self-employed individuals are exempted from income tax? The only difference is that the self-employed are not liable to pay TDS (tax deducted at source). They should pay the taxes at a later time, along with the interest if applicable.

I am self employed, and no legislated bullshit states I have to register for self assessment, that is entirely voluntary, same goes for driving licences, nobody holds a gun to your head saying you MUST do this that or the other, you always do it voluntarily, I didn't volunteer so I am not contract bound to perform, its far from rocket science

[Luckylegs]

I fully intend to pay taxes on crypto when I sell it.
I suppose it depends where you live but in my country you would get in quite a bit of trouble if you did not declare and pay tax on capital gains.

[LordTricky]

I fully intend to pay taxes on crypto when I sell it.
I suppose it depends where you live but in my country you would get in quite a bit of trouble if you did not declare and pay tax on capital gains.

Terrorist sympathiser...

terrorist
ˈtɛrərɪst/Submit
noun
1.
a person who uses unlawful violence and intimidation, especially against civilians, in the pursuit of political aims.

[bakekang]

I will pay taxes if there is a law that its been taxed in our country. It is good that we follow our laws, paying taxes to help our country too. Then if bitcoin is not taxable then i will not pay taxes.

[LordTricky]

I will pay taxes if there is a law that its been taxed in our country. It is good that we follow our laws, paying taxes to help our country too. Then if bitcoin is not taxable then i will not pay taxes.

LAWS = GRAVITY, MOTION AND THERMODYNAMICS, YOUR TERRORISTS MASQUERADING AS GUBERMENT DO NOT MAKE LAW, THEY WRITE LEGISLATED BULLSHIT WHICH REQUIRES YOUR CONSENT, FUCK ME ARE NONE OF YOU TAUGHT ANYTHING ABOUT THE LAW?

[Leane Lee Natividad Cuenc]

No I'm not.

Here in Switzerland there are no taxes on capital gains.  

I will pay if needed otherwise i wont pay anything if not neccessary,there is taxes that they ask you to pay even not really,so be sage for paying taxes.

[Pumapipa]

If our country will accept cryptocurrency as a form of financial breakthrough, if my country will start setting the rules and regulations to trading cryptos like for example the protection of investors and sanctions for scammers then might as well be open to paying the taxes. Adding to it,I hope that the government will put to Good use the collected income taxes from bitcoin.

[Vincoin.cash]

Income tax no way.  I do not support big government and never will.

[cr_liev]

If I saw my taxes working for the development of the country - yes, I would. But the only thing I see is our needless state stealing money from people who become even more poorer, though paying taxes. I could not pay taxes but help to develop the country by myself.