do i have to pay tax on bitcoins ?

[codered000]

Taxes is not applicable to bitcoin that's why some countries don't recognize bitcoin and therefore making it illegal - like in Venezuela. Bitcoin transactions are hard to track making the government suspicious about money laundering or illegal acts. The government will not interfere with virtual currency exchanges unless money laundering or terrorist financing is suspected. Even though bitcoin have no tax you still need to pay a small amount in every transaction you make like converting it to fiat money.

[Budugbass]

If our bitcoin income was already hight, I think it's good we try to pay for it as can as possible although it's not legal yet, just like we have a company at home and pay taxes on the government from business incomes that we earn.
In my place also no bitcoin taxes and haven't been applied yet, but I'm trying to pay taxes from bitcoin incomes after I sell it to local currency.

[akmittal]

so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by  gov on my bitcoin property ?

There is no tax on bitcoin in the world because it is Block-chain currency. But when you sell bitcoin and withdraw amount to your account than it is taxable as per your country's income tax rules.

[mabell943]

Yes if you are oblige to pay it so. Generally all incomes come from bitcoin are considered passive income therefore all income will be subjected to final tax. 
All earnings that you will receive are net by tax,  usually it range 2-15% it depends on the country on what percent they imposed.

[Abubakaradam]

Yes if you are oblige to pay it so. Generally all incomes come from bitcoin are considered passive income therefore all income will be subjected to final tax. 
All earnings that you will receive are net by tax,  usually it range 2-15% it depends on the country on what percent they imposed.

If it was to smooth the bitcoin industry in different countries why not. because tax is an absolute obligation.

[Sean25pogi]

Yes of course, since bitcoin is source of passive income it must be subjected in final tax or income tax. Aside from earning we should also consider to pay taxes for the benefit of all of us.

[Hans17]

so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by  gov on my bitcoin property ?

I think its based on what country you live in , I'm from Philippines so basically were paying tax for transaction fee nut i think we dont need to pay taxes , only transaction fees.

[Scripture]

Depending on what country you live on. My country doesnt require any tax on bitcoin, not just yet. On other countries, bitcoin is considered an investment or an asset more like a currency so they have to pay tax. If your government declared just like this one on bitcoin, you probably should pay taxes and have no choice but to obey.

[kingragnar]

No we do not pay tax on bitcoin only the fee for transaction. The tax you have to pay to the government and this bitcoin is not held by the government and they have no control over the bitcoin content. This is a good part of bitcoin that you do not have to pay taxes. For me the bitcoin is illegal because it has no tax and there is no law regarding it. I just think

[CryptoMauren]

When in the buy/sell transactions or investments there are profits, bitcoin then it is earnings that are subject to tax (PPh). Complies (System) self assessment, then the taxpayers the income reported in the mail Notification (SPT) annual tax and pay taxes, "

[rhamzter]

Bitcoin was still decentralized and taxes was not yet applicable in any countries, I can't see or hear news regarding payment of taxes in every cashing out of bitcoin. Because if it is happen many people are boycotting regarding with that policy. Otherwise many investors were surely pull out their amount in crypto currency community. It's because I'm sure that computation of taxes will become not fairly to each users.

[cryptbit.man]

I think it depends on the country where you are a tax resident, but yes, generally you need to pay taxes on any lucrative investment you make or asset you own.

[Cristuha]

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[Seeker#9]

If bitcoin is considered as an asset not a currency and the holder can gain from an increase in its value, then it is taxable by means of capital gains. Many tax officials in various governments around the world are also still debating whether the income that generated from bitcoin will be subject to income tax.
If there is a law in your country that requires you to pay tax in every transaction then you should follow it rather that going underground to avoid taxes.

[preelee04]

For me, i think it depends on what country you live in. I'm from Philippines so basically were paying tax for transaction fees.

[burner2014]

For me, i think it depends on what country you live in. I'm from Philippines so basically were paying tax for transaction fees.

Yes, but when it comes to Income tax we are not required as it is not in the law to pay tax that came from cryptocurrency earnings but they are working on it as this supposed to be taxed, If ever they will imposed tax on it make sure to pay. It is better to help our country from paying tax rather than giving them the reason to banned cryptocurrency in our country just like South Korea did.

[budz0425]

For me, i think it depends on what country you live in. I'm from Philippines so basically were paying tax for transaction fees.

Yes, but when it comes to Income tax we are not required as it is not in the law to pay tax that came from cryptocurrency earnings but they are working on it as this supposed to be taxed, If ever they will imposed tax on it make sure to pay. It is better to help our country from paying tax rather than giving them the reason to banned cryptocurrency in our country just like South Korea did.

That is correct, we have to do this for the sake of our country not only for us, don't give them the reason instead right? You are right that we should help our country as well as this could give a high impact in terms of our Economy when this happen that all of us will unite to pay. Just hoping that they would give a fair and just percentage of tax on it so it is not hard for us to pay.

[bajigur894784]

I think it depends on how the regulation and status of bitcoin legality in your country.
if in your country bitcoin legal and acknowledged as a tool of transactions or commodities, then it you mut should be a good citizen, you must report your assets and pay taxes.

[joeycoin]

There is a long-term for bitcoin to spread around the world,to be exact, it is still difficult to spread in some Country.So I think it need a long time or will not need to pay tax.

[mekie]

Bitcoin could be viewed as a barter system-whereby you provide a product or service and get bit coin in exchange which you then spend on items or services you require. There are a number of barter exchange platforms around the world and generally these transactions are treated as normal taxable business transactions. BTC is not in itself taxed, but maybe this will change