Taxes on Bitcoin

[noictib]

in my openion , i think no tax is going in bitcoin . there is only transaction charge that is steal by the ower of satoshi centre .
if you are asking about traders  then i will say they are paying tax to own country .

[DebitMe]

Here is a good way to think about it, and will apply to just about any country.  If your net worth increases, you will most probably owe taxes on that.

[satdas]

in my openion , i think no tax is going in bitcoin . there is only transaction charge that is steal by the ower of satoshi centre .
if you are asking about traders  then i will say they are paying tax to own country .

traders are paying tax on fiat currency but there is still no tax on bitcoin because it is not yet legalize by the states, when the states legalize bitcoin then they will be thinking about to impose tax but still bitcoin is tax free.

[DebitMe]

in my openion , i think no tax is going in bitcoin . there is only transaction charge that is steal by the ower of satoshi centre .
if you are asking about traders  then i will say they are paying tax to own country .

traders are paying tax on fiat currency but there is still no tax on bitcoin because it is not yet legalize by the states, when the states legalize bitcoin then they will be thinking about to impose tax but still bitcoin is tax free.

This statement is wrong on so many levels, please delete it because you obviously have no idea what your talking about and it is just better to keep your mouth shut then to spread nonsense.

[Sontoloyo]

Bitcoin and taxes are always so interesting topics for all of us. But I think, so countries collect taxes from the country then must make the bitcoin special rules about bitcoin. And of course the country must also have inventories bitcoin.

[abugseuf]

Here is a good way to think about it, and will apply to just about any country.  If your net worth increases, you will most probably owe taxes on that.

but i think there is no tax on bitcoin any where, because no state has yet formally legalize bitcoin, and governments impose taxes only on legal things, but the government do not impose tax on such things which are illegal or having no concept in a state. therefore i do not think so that there is any tax on bitcoin.

[abugseuf]

Bitcoin and taxes are always so interesting topics for all of us. But I think, so countries collect taxes from the country then must make the bitcoin special rules about bitcoin. And of course the country must also have inventories bitcoin.

and that is the reason that still there is no tax on bitcoin, as countries have not yet given legal status to bitcoin, and there is not to impost tax on illegal things. hope in future state will give legal status to bitcoin and after they will put taxes on bitcoin.

[DebitMe]

Here is a good way to think about it, and will apply to just about any country.  If your net worth increases, you will most probably owe taxes on that.

but i think there is no tax on bitcoin any where, because no state has yet formally legalize bitcoin, and governments impose taxes only on legal things, but the government do not impose tax on such things which are illegal or having no concept in a state. therefore i do not think so that there is any tax on bitcoin.

That is so far from the truth it isn't even funny.  In the United States (and I assume most countries are like this) you still have to pay tax on illegal things.  If i go out and sell an ounce of weed and make a profit, I still have to pay taxes on that profit from the sale.  So even though it is illegal (in most states), I still owe taxes on it.  There are many famous cases of this where they couldn't nail the crime boss for anything related to trafficking, but got him hung up on not paying the taxes from the profits.

And furthermore, bitcoin has been classified as property in the United States by the IRS.  So the IRS has taken a position on what bitcoin is, which makes it very clear on how it should be taxed.

[Universat]

tax is another important issue related to bitcoin, but i think this problem can only be solved when bitcoin will be accepted  bye the state, if states are not going to consider bitcoin as legal currency then no one can impose tax on bitcoin.

[Sharma]

Hi Everybody,

When getting Satoshi/Bitcoins from the internet in general, could you please tell me whether you have to pay tax to the country you get them from or do you just pay taxes to your own country?

Thanks for your help.

I think no country has imposed any taxes on bitcoin yet.It is only when you convert bitcoin to fiat,you might have to pay taxes and for that you must contact tax consultant in your country

[botany]

tax is another important issue related to bitcoin, but i think this problem can only be solved when bitcoin will be accepted  bye the state, if states are not going to consider bitcoin as legal currency then no one can impose tax on bitcoin.

Taxes are not imposed only on legal currencies. Taxes are imposed on goods, services and anything under the sun.
You can be rest assured that governments will want taxes, even if they don't accept bitcoin as legal tender.

[Dudeperfect]

Bitcoin is not yet recognized by the law of my country (and most of the other countries) so I am not clear about how it will be treated in taxation aspects.

There will be different kind of treatment for tax if bitcoin is classified as a currency, commodity or software. At this moment I think we can classify it in the software category.

I have paid tax while converting bitcoin to fiat but that’s not the actual tax for bitcoin, it was levied on the service of bitcoin to local currency conversion.

[PsursV]

Bitcoin and taxes are always so interesting topics for all of us. But I think, so countries collect taxes from the country then must make the bitcoin special rules about bitcoin. And of course the country must also have inventories bitcoin.

but i think upto now no country has any rule for paying tax on bitcoin, and the main reason is that bitcoin is still not accepted by the states, so we can only expect tax on bitcoin when the states will accept bitcoin.

[DebitMe]

Bitcoin and taxes are always so interesting topics for all of us. But I think, so countries collect taxes from the country then must make the bitcoin special rules about bitcoin. And of course the country must also have inventories bitcoin.

but i think upto now no country has any rule for paying tax on bitcoin, and the main reason is that bitcoin is still not accepted by the states, so we can only expect tax on bitcoin when the states will accept bitcoin.

Do you even read the posts above yours or are you just trying to get your post count in for your signature campaign (btw I am sending a message to your campaign manager that your not supplying any helpful information and just spamming threads that you know nothing about).

If by, "the states" you mean the United States then you are so wrong it isn't even funny.  Read a few posts up and stop presenting wrong information just for your post count.

[Maesters1-]

Hi Everybody,

When getting Satoshi/Bitcoins from the internet in general, could you please tell me whether you have to pay tax to the country you get them from or do you just pay taxes to your own country?

Thanks for your help.

I think no country has imposed any taxes on bitcoin yet.It is only when you convert bitcoin to fiat,you might have to pay taxes and for that you must contact tax consultant in your country

in my country there is not tax on bitoin although i am using it for last some years and still i never feel the need to pay tax on it, i think the reason is that bitcoin is still not accepted by the government and therefore there is no rule for these things to impose tax on them.

[YTBitcoin]

Collecting taxes is the responsibility of that country/government which or which the particular service is provided and as bitcoin is not yet approved by any government then why will we pay tax to any government? at the time when they will approve it then we will think about that.

[DebitMe]

Collecting taxes is the responsibility of that country/government which or which the particular service is provided and as bitcoin is not yet approved by any government then why will we pay tax to any government? at the time when they will approve it then we will think about that.

Sigh, so misinformed and stupid.  The responsibility to pay taxes is on the people.  That is why YOU fill out a tax form and YOU report what your taxes are. 

[Das]

Italy has made known its intention to tax crypto exchanges in the country, but people who buy and sell on the exchange site are not required to pay tax.

[StoreBit]

in my openion , i think no tax is going in bitcoin . there is only transaction charge that is steal by the ower of satoshi centre .
if you are asking about traders  then i will say they are paying tax to own country .

yes same is the can in our country, in our country there is also no tax on bitcoin, if the government is going to impose tax on bitcoin then first they must legalize it because there is no such law in our state to impose tax on illegal products or things.

[bitcoincardreview.com]

Hi Everybody,

When getting Satoshi/Bitcoins from the internet in general, could you please tell me whether you have to pay tax to the country you get them from or do you just pay taxes to your own country?

Thanks for your help.

You pay tax for your country if you make money from bitcoin
you do not have to pay tax if you just using as a payment method