Bitcoin and tax

[maydna]

if bitcoin is accepted by its government in one country then i think that government will thinking about the tax, because we know already that bitcoin transaction is really big in a single of day, and people which have bitcoin and make transaction from just one country is really a serious matter to government and the government can get more fund for that country.

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[PsursV]

as most of the countries have not yet legalize bitcoin therefore they have no tax structure for bitcoin. I think yet not a single country has impose tax on bitcoin. but some countries must be thinking about this.

[Palmerson]

Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.

Bitcoin may not fall under the law because it is not recognized at the official level. If this happens then the state will have to allow them to trade in bitcoins. Banks will be obliged to exchange bitcoin for Fiat. This is not happening. But as soon as we transfer bitcoins into Fiat, we are fully fall under the jurisdiction of the state.

[Granxis]

as most of the countries have not yet legalize bitcoin therefore they have no tax structure for bitcoin. I think yet not a single country has impose tax on bitcoin. but some countries must be thinking about this.

Some countries have work on Bitcoin taxation, but that does not seem easy. Because you have to appear first to get tax from something. But some countries will certainly implement taxation soon.

[Rahar02]

as most of the countries have not yet legalize bitcoin therefore they have no tax structure for bitcoin. I think yet not a single country has impose a tax on bitcoin. but some countries must be thinking about this.

There is no official statement from government about bitcoin doesn't mean there is no any regulation which forces people to pay taxes.
There are few regulations about capital gains or how much income do you get every month, that will be taxed especially if you can earn in big amount. The most famous regulation comes from the US government consider bitcoin as property instead of as currency, IRS has stated that US citizens who involved in crypto-world have to report their capital gain by trading or just holding cryptocurrencies for long-term.

[lili song]

as most of the countries have not yet legalize bitcoin therefore they have no tax structure for bitcoin. I think yet not a single country has impose tax on bitcoin. but some countries must be thinking about this.

I think when bitcoin legalize by government, the government will think about the tax. The government need control bitcoin.
So if bitcoin need pay tax, it will help income to the government and their country.

[Awnar]

as most of the countries have not yet legalize bitcoin therefore they have no tax structure for bitcoin. I think yet not a single country has impose tax on bitcoin. but some countries must be thinking about this.

I think when bitcoin legalize by government, the government will think about the tax. The government need control bitcoin.
So if bitcoin need pay tax, it will help income to the government and their country.

It is not just easy to impose tax on bitcoin it self. Government can just tax it if it were to be converted to fiat currency. An entity controls bitcoin but it is not the government. They could take advantages of bitcoin but i guess its still too far for them to get tax it. It gives opportunity for people to spend cash fully without tax.

[Budugbass]

For the countries that has legalize bitcoin, I think it maybe already calculated the tax on bitcoin's using or bitcoin incomes, and for the countries that hasn't legalize bitcoin of course it's still free from tax.
For those of us who are in the country that hasn't yet legalize bitcoin, I think it would be nice if we still trying to paid the tax to the goverment from the money that we earned from bitcoin incomes.

[ralf2018]

If bitcoin obtained by mining, then it would be taxed, as well as tax-free traders who play on the difference in the bitcoin rate.The regulations governing the taxation of bitcoin and other crypto-currencies significantly differ  in different countries. In some countries, bitcoin is considered to be a currency, in the others consider to be an asset. Some countries (Japan)are neuteral about bitcoin , defining it as "equated to assets carrier value." In Russia, the system of regulation and taxation of crypto-currencies has not been developed yet , but Russian crypto-economy is being developed, and businessmen who are promoting it.