Do Bitcoins have Tax??

[TTMNewsK]

It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

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[Shady]

Although there is no direct way to pay via tax forms or internal systems, the IRS (in America + foreign agencies.).. Either ban or impose taxes or usually through capital gains or other simple means excluding sales tax in current norms.

In no way does Bitcoin remain the exclusive coin for taxation, in most countries it'll be subject to all cryptocurrencies.

[genos]

It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

That only if you buy or sell in formal. But if you just make transaction for small home industry, I think goverment would not know that you make a transaction or not so you do not have to pay tax. Anyway goverment can not rule bitcoin and the users.

[BlokF4No27]

There are no tax on bitcoins as no one control the bitcoins there is no questions of tax. However transaction fees will always required as it will be the only income for the service provider.

[jak3]

no tax is a small charge taken by the government in order to develop the country but bitcoin is already developed and all you have to pay is miner fees but it depends on you how much fees you want to pay

[hajimasan]

Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??

Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??

actually no tax , but transaction charge is taken by the owner of bitcoin .
and here it is to be noticed that the transaction charge is only owned by the owner only and no tax is given by them to the government that is why the some of countries declare it as scam and illegal but in reality it is safe and best to use .

[ethereumhunter]

It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

That only if you buy or sell in formal. But if you just make transaction for small home industry, I think goverment would not know that you make a transaction or not so you do not have to pay tax. Anyway goverment can not rule bitcoin and the users.

especially if you make withdraw for a big money, then it would make the bank company suspicious and ask you where you get those big money and maybe they will apply big tax for you but its not for your bitcoin. i really hope that government can not rule bitcoin and the user, but if we see on many aspect, there is always government wants to get involve no matter the way they still always wanted to get involved.

[erickkyut]

Bitcoin has no tax because it is decentralized.
Meaning, government has no control over bitcoin transactions.
In fact, you use bitcoin anonymously. Your bitcoin wallet provider only charged transaction fees I guess that's their source of income to maintain their service.

[Juggy777]

I don't think as of now there are any tax associated with it. It's not yet recognised currency. As and when it does then maybe. But for time being no, until your local laws have notified it

[Zadicar]

Bitcoin has no tax because it is decentralized.
Meaning, government has no control over bitcoin transactions.
In fact, you use bitcoin anonymously. Your bitcoin wallet provider only charged transaction fees I guess that's their source of income to maintain their service.

This is   very correct, bitcoin  is decentralized  and theres no way for  government  to impose  tax on it  and thats the  beauty  of bitcoin and  government wouldnt  like it soo much because they cant able to  impose  tax on it. SO government  would see bitcoin as a  threat for them thats  why some countries  ban bitcoin with this.

[Babayega31]

Bitcoin has no tax because it is decentralized.
Meaning, government has no control over bitcoin transactions.
In fact, you use bitcoin anonymously. Your bitcoin wallet provider only charged transaction fees I guess that's their source of income to maintain their service.

This is   very correct, bitcoin  is decentralized  and theres no way for  government  to impose  tax on it  and thats the  beauty  of bitcoin and  government wouldnt  like it soo much because they cant able to  impose  tax on it. SO government  would see bitcoin as a  threat for them thats  why some countries  ban bitcoin with this.

I agree to that, this bitcoins dont have imposed tax and i think only the wallets used for pay out processing was taxed by the government becaused it has been registered by the government. Some countries prohibit bitcoin by reasons of no tax will be collected to it.
As i can see there is no bill for that obligating this bitcoin to be registered to pay tax and maybe in the future this governments planning to impose this in law, i hope its not possible in the future.

[1Referee]

There are no tax on bitcoins as no one control the bitcoins there is no questions of tax.

Haven't you taken the effort to browse through the last few pages of this thread in order to read what people are saying? Bitcoin being decentralized doesn't mean you don't have to pay tax. In your country you have to pay tax over everything you own. Bitcoin is money, and thus it adds up to your fiat wealth where you normally pay tax over. In that regard, you also have to pay tax over your coins.

Great example;

Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money.

However transaction fees will always required as it will be the only income for the service provider.

This thread has nothing to do with fees, so I am not sure why you bring that up here.

[Mastsetad]

It actually depends on your country.
Most country didn't accept btc as a currency but I think there's no tax on bitcoin but you'll have to pay some tax if you'll going to exchange the fiat to btc or btc to fiat.

Those taxes are applicable for sure because you are going to get the money in a bank or something which cuts their taxes from the amount as usual, but taxes on earning bitcoins are not applicable no matter which country you live in, as long as you have freedom on internet, you won't need to pay any taxes for this.

[Barbut]

Weird  question, bitcoins doesn't have a tax, bitcoins can be taxed, that is correct.
Countries tax different things, and that is how they earn money. From them depends how big tax will be, for some baby stuff we don't pay tax in my country, for luxury stuff tax is higher.
Tax depends from country and their system, it's not same in every county. With bitcoins things are not clear, many countries didn't classified bitcoin, until that happen on some places using bitcoins will be free but in some countries bitcoins will be taxed.

[jonpande]

In my country there is no tax to Bitcoin, the government in my country is not so concerned with bitcoin
Bitcoin is still regarded as monopoly money by central banks and authorities, so there is no tax, but if the government imposed a tax on bitcoin Personally, I would not mind paying taxes on my earnings. the authority will regulate the market and prevent flooding fraud that might be good for bitcoin.

[jossiel]

In my country there is no tax to Bitcoin, the government in my country is not so concerned with bitcoin
Bitcoin is still regarded as monopoly money by central banks and authorities, so there is no tax, but if the government imposed a tax on bitcoin Personally, I would not mind paying taxes on my earnings. the authority will regulate the market and prevent flooding fraud that might be good for bitcoin.

Here in my country the exchange site we have here is registered within the government and even though they are earning bitcoins.

And bitcoin is not covered by government laws about taxation, they are still oblige to pay taxes since they are a registered exchange site.

So it is just like bitcoins has tax in my country.

[Wandering Soul~]

In my country bitcoin has no tax caused it's not covered by the government.  However since the bitcoin community in my country is getting bigger they might tax it especially the exchange sites.

But if that happens it just denies the whole concept of bitcoin cause it's anonymous, not controlled by anyone and decentralized 

[TastyChillySauce00]

In my country bitcoin has no tax caused it's not covered by the government.  However since the bitcoin community in my country is getting bigger they might tax it especially the exchange sites.

But if that happens it just denies the whole concept of bitcoin cause it's anonymous, not controlled by anyone and decentralized 

actually if the exchanger companies that is currently now running in your country were legal and had been recognised as a company by the government,they are already taxed,because it's company so it's normal,govt always taxing everything

[rinhunter]

In my country bitcoin has no tax caused it's not covered by the government.  However since the bitcoin community in my country is getting bigger they might tax it especially the exchange sites.

But if that happens it just denies the whole concept of bitcoin cause it's anonymous, not controlled by anyone and decentralized 

not only in your country in every country bitcoin have no tax, maybe just pay fee for bitcoin transaction, for exchanger site i think it's not a tax, just additional payment for service.

[clickerz]

actually if the exchanger companies that is currently now running in your country were legal and had been recognised as a company by the government,they are already taxed,because it's company so it's normal,govt always taxing everything

That is a big possibility, though bitcoin transaction has no tax but the legit local remittance services /exchanges pay tax to government when they register their business.They pay charges and tax  upon renewal,money that comes in and out etc. In return they can a percentage in service charge,though not direct but still the government earn from it.