Tax v Bitcoins

[OnkgoKikgoKi]

Do I have to pay Tax on Bitcoins?

[Coin-Keeper]

Seriously, there are dozens of threads here answering this question, BUT, you haven't even told us what country you are talking about!

[RodeoX]

As mentioned above, read the other threads. But to find a real and specific answer you will need to talk to a tax consultant in your country. The short answer is yes, I am not aware of any nation that does not have an applicable tax on bitcoin.

[rafajunior99]

Do I have to pay Tax on Bitcoins?

whether the currency Bitcoin has become the first in your country or not if bitcoin is not the first currency in your country, you do not have to pay taxes. it seems to me

[darkangel11]

As mentioned above, read the other threads. But to find a real and specific answer you will need to talk to a tax consultant in your country. The short answer is yes, I am not aware of any nation that does not have an applicable tax on bitcoin.

Depends what taxes are we talking about. Bitcoin is free of VAT tax in every EU country. Also in some countries, like Germany it's also free of income tax, if you held it for over a year and it's not your regular source of income. On the other hand it's best to pay taxes if you're planning to buy a house or a car with your coins, because most countries require the sellers to report civil law transactions and the revenue office likes to keep an eye on those.

[ajaxmoor]

Shortanswer, A Big YES if you ever convert it to fiat. For a more detailed answer refer to this thread: https://bitcointalk.org/index.php?topic=1631867

[European Central Bank]

Shortanswer, A Big YES if you ever convert it to fiat. For a more detailed answer refer to this thread: https://bitcointalk.org/index.php?topic=1631867

depends. in germany as long as you've held for over a year there's no capital gains. kind of strange but there you go. i guess it might well change soon.

[gredisgold88]

As mentioned above, read the other threads. But to find a real and specific answer you will need to talk to a tax consultant in your country. The short answer is yes, I am not aware of any nation that does not have an applicable tax on bitcoin.

Depends what taxes are we talking about. Bitcoin is free of VAT tax in every EU country. Also in some countries, like Germany it's also free of income tax, if you held it for over a year and it's not your regular source of income. On the other hand it's best to pay taxes if you're planning to buy a house or a car with your coins, because most countries require the sellers to report civil law transactions and the revenue office likes to keep an eye on those.

This confused me, in my country income in bitcoin not wearing VAT, and to work into bitcoin miner and farmer in his status is still in question, but if BTC redeemable it will have its own taxes every year

[Dammitt]

First of all it is important which country you are. Another issue is that it is possible to find answers in other topics instead of opening a new topic that has a lot of topics related to it. There is no tax on bitcoin if we come to the roll.

[zeze18]

if so blessed bitcoin businesses ,, due to the absence of tax regulations on bitcoin

[FLoving]

Do I have to pay Tax on Bitcoins?

As none of the government have accepted it so for them bitcoin is not a currency yet and for that they are not lawful to impose tax on bitcoins. But at the time when you will exchange your money to fiat then on its withdrawal to your banks the banks are liable to impose tax on that.

[xuan87]

For temporary it will be no in my country because there are no regulation yet about bitcoin, but if you exchange it to fiat then the exchanger will charge you with the tax and in that case you need to pay tax, but i believe in the future the government will try to taxed bitcoin

[Warkop]

Seriously, there are dozens of threads here answering this question, BUT, you haven't even told us what country you are talking about!

I thought she might as well just focus on one country he himself is not to some other countries.

[CraigWrightBTC]

Do I have to pay Tax on Bitcoins?

Of course yes, you must pay the taxes if your country wanna it, but depend on your country is there taxes for bitcoin's usage or not.
If you love the country you must build it with pay the taxes.
And i think the taxes of bitcoins is not too expensive, if your country will apply it.

[burner2014]

Do I have to pay Tax on Bitcoins?

Of course yes, you must pay the taxes if your country wanna it, but depend on your country is there taxes for bitcoin's usage or not.
If you love the country you must build it with pay the taxes.
And i think the taxes of bitcoins is not too expensive, if your country will apply it.

It is really up to you if you are a law abiding citizen because here in our country we have to pay or declare it if not if they have seen this to us we will pay tax consequences. As per me, it is not that big amount because I have a child which I claim as an additional exception to pay tax.

[TastyChillySauce00]

Taxes is an obligation for every citizen of a country which obligating their citizen to pay taxes. However, if you avoid paying taxes then you might be punished so it's always better to be a good man and always pay those taxes. If you are still having intention on avoiding taxes then it's you the one who will be responsible for everything you have done
But so far I haven't seen country which taxing directly onto bitcoin but only taxing you when exchanging your bitcoin to your local currency so, lucky you.

[strasboug]

You don't pay tax by holding bitcoins, but you will need to pay tax if you sell it for fiat and make a profit, in which case it is like you sell a stock and same capital gain rules apply. This is the situation in US.

[morpheus305]

Shortanswer, A Big YES if you ever convert it to fiat. For a more detailed answer refer to this thread: https://bitcointalk.org/index.php?topic=1631867

depends. in germany as long as you've held for over a year there's no capital gains. kind of strange but there you go. i guess it might well change soon.

Say for example you bought $2k worth of bitcoins with fiat. Over the next two years you trade those bitcoins vs other alt coins and eventually it grows in value. Even though you never converted to fiat the entire can you claim long term capital gains when it comes time to cash some of that out?

[Emmami@758]

Do I have to pay Tax on Bitcoins?

yes i have to pay tax on bit coins. if we are buying legally then why should we feel fear. in most country's people buying bit coins illegally once tax may pay then more people facing problems.  i thinking to keeping tax is good. it is help to that country's economical growth.

[Lampaster]

Taxes is an obligation for every citizen of a country which obligating their citizen to pay taxes. However, if you avoid paying taxes then you might be punished so it's always better to be a good man and always pay those taxes. If you are still having intention on avoiding taxes then it's you the one who will be responsible for everything you have done
But so far I haven't seen country which taxing directly onto bitcoin but only taxing you when exchanging your bitcoin to your local currency so, lucky you.

To pay taxes is really a duty of every citizen, but you forget that this is a road with two directions. There is still a duty of the state to fairly distribute the taxes and to deal with the embezzlement. People see that the state does not fulfill its obligations and therefore do not want to pay taxes. What's wrong with that? I did not pay them. I take nothing from the state and do not feel obliged to him.