do i have to pay tax on bitcoins ?

[Edraket31]

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
 

You are right but there are countries who are not strict yet in imposing taxes in cryptocurrencies, paying tax when required is our responsibility since we want this crypto to be legal then we have to pay taxes, it is better rather than putting cyrpto in trash by our government right.

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[wndrbr3d]

It is directly depends on what country do you live. If you live in Country, where Cryptocurrency is allowed (Switzerland for example), you should pay taxes from your income.

[GalaxyWorld]

Currently, you do not pay taxes for bitcoin. But if governments have accepted bitcoin as an investment market, they may be able to control and collect taxes, but this is very difficult. Since this is a virtual currency market it is difficult to verify and tax someone

[whitecaramel1]

I guess, it depends on what country you from. different countries have different regulations.I know that there is no country where taxes are levied..

[FirEaSeA]

If they impose it then you should. It's better than facing a lot of charges one day.

[RodeoX]

Currently, you do not pay taxes for bitcoin. But if governments have accepted bitcoin as an investment market, they may be able to control and collect taxes, but this is very difficult. Since this is a virtual currency market it is difficult to verify and tax someone

100% wrong. Currently, and since bitcoin's inception, taxes are owed in almost every jurisdiction on Earth. In the U.S. you owe on all capitol gains and you may have to pay income tax if you were paid for work in bitcoin.

[Zabrielle]

If it is declared in your country to pay taxes for bitcoin then obey the rules. But if the government is not asking for it yet which is i think they dont, i think you dont need to. As what i know the government still not legalizing about bitcoin tax. I dont know to some other country though but in my country we dont experience it yet. Im from an Asian country. From which country are you?

[Maglaver]

In simple words, when you buy something you pay a tax for it. If you earn some money you pay a tax on that amount. If you earn above some amount you will pay tax for your income. So until we get those taxes on crypto everything will be in a muddy waters.

[zmkriel]

Bitcoin itself does not oblidge anyone to pay taxes because it doesn't recognize it by the government as one currency and there is no law about bitcoin. But once you converted it into fiat then there comes the taxes. So hopefully, there are more options transact with bitcoin so no one needs to convert it into fiat.

[NJB18]

Bitcoin itself does not oblidge anyone to pay taxes because it doesn't recognize it by the government as one currency and there is no law about bitcoin. But once you converted it into fiat then there comes the taxes. So hopefully, there are more options transact with bitcoin so no one needs to convert it into fiat.

Currency or not, it will be charged with taxes once it is regulated and falls under the jurisdiction of a certain country. Unless there are certain laws exempting it from taxes. I heard Australia is not imposing tax on bitcoin.

[mornabo]

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.

yeah I agree with your reasoning, rather than bitcoin in banning its use, that might make the market turbulent, make a lot of people hate bitcoin and many merchants do not accept bitcoin anywhere, maybe I would prefer to pay taxes at least I can help my country's economy by paying taxes from bitcoin income

[Benkortan]

Currently, you do not pay taxes for bitcoin. But if governments have accepted bitcoin as an investment market, they may be able to control and collect taxes, but this is very difficult. Since this is a virtual currency market it is difficult to verify and tax someone

100% wrong. Currently, and since bitcoin's inception, taxes are owed in almost every jurisdiction on Earth. In the U.S. you owe on all capitol gains and you may have to pay income tax if you were paid for work in bitcoin.

Seems logical. I can't buy 10 Lamborghinis in one year with my average salary.
Someone will ask me how I get it.

[galaxing]

I think it depends on your country ,, for my country, so far if to pay taxes from bitcoin, not ... there is only transaction payment only.

[jcpone]

In my country, Philippines, there is  no pay taxes from bitcoin only we pay for transaction free.

[Yara1]

bitcoin is tax free since government have not announced it as legal tender and it is yet to be controlled by government

[VFG]

How much taxes I should pay now when transfer BTC?

[fileo]

You must pay taxes if your government implementing to do tax payment from bitcoin. Actually it wasn't the right decision for the government because bitcoin is not centralized but rather it is decentralized. Recognition of bitcoin in one country doesn't mean to pay tax for bitcoin unless it was written in the law.

[theCoinMaestro]

The current state of affairs regarding the taxation of bitcoins is still a gray area in most countries as of this time, but some governments have been making strides towards it's taxation and the subsequent regulation of the currency thereof though nobody is sure on how bitcoin can be regulated. Best to be on the lookout at all times on what your local government comes up to not be caught unawares. If the law of your land says so, then you'll have to do what the law requires of you.

[Leyss]

Everything depends on the country of residence and what laws and by-laws are adopted in this country with respect to the crypto currency. Now most states have not yet decided how to treat the crypto-currency, and even more so on the issue of its taxation. However, if regulations on taxation are adopted, they should be adhered to and taxes should be paid. In many countries, tax evasion is a serious crime.

[khanhtr]

In my opinion it is not tax which is the transaction fee for each of our transactions. If the transaction costs are faster and more convenient.