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Author Topic: Have people been forced to pay tax over Bitcoin yet?  (Read 3830 times)
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March 08, 2018, 09:36:39 PM
 #141

All depends on the country for which you live for there are country where Bitcoin and crypto currency in general are not accepted as a means payment for goods and services and in such countries you will need not to pay tax but countries where it is accepted as a means payment for goods and services you are expected to pay tax.

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March 09, 2018, 08:30:17 AM
 #142

Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.

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March 09, 2018, 04:43:50 PM
 #143

Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.
I haven't heard it in our country that someone had forced to pay tax, of course it is not, we are still free here in our country to do whatever we want in our earnings, we can pay taxes based on our permits to do so but is not yet required because there is no existing law yet.

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March 10, 2018, 04:39:37 AM
 #144

Anyway for those already taxed on bitcoin, I don't think it's not worth if it's feel forced to pay taxes. Anyhow though paying taxes.. it will not harm the incomes earned, because I think of course a tax would be adjustment to the incomes earned.
I haven't heard it in our country that someone had forced to pay tax, of course it is not, we are still free here in our country to do whatever we want in our earnings, we can pay taxes based on our permits to do so but is not yet required because there is no existing law yet.
It seems like here in our country we are not forcing to pay taxes but you could not claim you fiat without paying tax I think that's the way to paid tax in our country through remittances and banks. Because we have a wallet here that you can auto convert you bitcoin to cash and you may withdraw at banks or remittance because our wallet is base on blockchain easy to transact.

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March 10, 2018, 06:21:47 AM
 #145

All depends on the country for which you live for there are country where Bitcoin and crypto currency in general are not accepted as a means payment for goods and services and in such countries you will need not to pay tax but countries where it is accepted as a means payment for goods and services you are expected to pay tax.

As per country laws and regulations one has to pay the tax and if not paid the government would take the action according to their rules and might even impose penalty and can frame them under section of their laws. In coming time we will hear more of this news as people who are avoiding paying tax might have to pay penalty on those taxes along with the tax.

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March 10, 2018, 09:02:36 PM
 #146

According to some laws in America people have obligation to pay taxes on their income and crypto is not specified, but it's in a group of things to be taxed.
I read somewhere that, maybe someone can find something about that matter. 
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March 12, 2018, 07:23:17 AM
 #147

According to some laws in America people have obligation to pay taxes on their income and crypto is not specified, but it's in a group of things to be taxed.
I read somewhere that, maybe someone can find something about that matter. 
There are really certain countries that requires you to pay taxes, because it was law regulated and you are obliged to follow the rules if not and they found and then jail is your next destination, so it is fine to go and pay taxes rather than going to jail, so lucky if your country is not requiring you to pay.



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March 31, 2018, 06:00:59 AM
 #148

I think it depends on the government of our country but as we know bitcoin was decentralized and cannot forced to pay taxes over bitcoin.I think the charges or fees when we transferred money is consider as our taxes.They have not enough rule to imposed a tax to those bitcoiners.
Whether we want it or not, in the near future practically all states will consider the issue of taxation simultaneously with the decision of the issue of legalization of the crypto currency. This is one of the important stages in the formation and development of the crypto currency. The profit tax on operations with the crypto currency and the capital gains tax with the retention of the crypto currency will be accepted in most countries and then we will have to pay it. In different countries, its terms of payment and the amount of tax will differ, but it will be installed on a par with it. Commission fees for the conduct of transactions can not be considered a tax payment, it's just the cost of maintaining the health of the system blockchein. Taxes are paid to the state and credited to the state budget and this is its difference from other payments.

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March 31, 2018, 11:16:12 AM
 #149

no, it has not happened yet, and I do not think it will happen now.
but I can not confirm, maybe tomorrow or the day after, the tax payment will be applied.
if so, yes I will definitely follow its regularity, but I beg, please scammery pishing, hacking, it must be cleaned, bitcoin regularity should be even tighter.
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March 31, 2018, 01:42:16 PM
 #150

no, it has not happened yet, and I do not think it will happen now.
but I can not confirm, maybe tomorrow or the day after, the tax payment will be applied.
if so, yes I will definitely follow its regularity, but I beg, please scammery pishing, hacking, it must be cleaned, bitcoin regularity should be even tighter.
Well and everything is still a consideration for most governments that haven't regulated bitcoin or accept it to protect negative actions on bitcoin. Anyhow it's still a question mark or the country is still monitoring crypto about the influence or impact it that can generate from it given its characteristics. If it has been fixed to accept bitcoin/crypto probably there will be applied a tax, and I think should not feel forced if the state already applying taxes.

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March 31, 2018, 02:20:10 PM
 #151

Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.
I don’t think that it is implemented yet or atlest not in my country. We are still free to use bitcoin without any declaration with our earning through bitcoin. Well, i am also hoping that it will not going to happen in the future since bitcoin was created as decentralized currency. So it should be free from taxes and being contolled by the government of any country.

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March 31, 2018, 03:16:27 PM
 #152

So far I don't know yet this kind of issue. Blaming the banks for this if it could implement in one country for only the banks can have an access to government officials to give law of tax to all bitcoiners who have huge amount of money when it come to exchange. Government will fall easily to banks proposal for it could help the country to have more profit from cryptocurrency because of members citizens who are bitcoiners. I don't have a clear understanding with this.

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April 02, 2018, 07:24:45 AM
 #153

 Nope. In my country bitcoin is not yet legal but not illegal. But for the government knew about this kind of vitual coins that exist and most or filipino people are engage with it as a source of income. So far no violent reaction fom our government.
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April 02, 2018, 08:52:29 AM
 #154

There are direct tax implications for bitcoin yet. This is probably one of the issues for governments and the talking of probably regulating the space by July this year. However, there are indirect taxes associated my bitcoin and other cryptocurrencies, this would mostly do with Exchange sites that perform such services. As they are registered businesses, they are obliged to pay taxes to the governments. Thus, for we customers who use their services, they would have considered these tax implications when charging us a fee for the service of exchange they provide to us.

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April 02, 2018, 02:25:41 PM
 #155

How are you going to pay taxes on profits from Bitcoin trade, in countries such as Bangladesh and Nepal? Bitcoin is banned in these countries and if you include the trades in your tax return then the chances are that you will be detained and fined by the tax authorities.

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April 02, 2018, 03:00:10 PM
 #156

How are you going to pay taxes on profits from Bitcoin trade, in countries such as Bangladesh and Nepal? Bitcoin is banned in these countries and if you include the trades in your tax return then the chances are that you will be detained and fined by the tax authorities.

You shouldn't be using bitcoin then lol. If you are from a country that has banned bitcoin then don't use bitcoin, it's better to not break the law than risking it, although it would be pretty hard, close to impossible for the authorities to ever find out that you own bitcoin.

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April 02, 2018, 03:12:28 PM
 #157

Quite curious if this has been the case. Obviously, I'm hoping it hasn't been the case.
In my country, Bitcoin has not been legalized and the use of Bitcoin in my country is still very limited. So it is very clear to all of us if the Government or any other party is not entitled to collect taxes on Bitcoin. And even if there is a force, I will not.

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April 02, 2018, 06:12:19 PM
 #158

Quite curious if this has been the case. Obviously, I'm hoping it hasn't been the case.
In my country, Bitcoin has not been legalized and the use of Bitcoin in my country is still very limited. So it is very clear to all of us if the Government or any other party is not entitled to collect taxes on Bitcoin. And even if there is a force, I will not.
The word forced is inappropriate, if the government tells to us that we should pay tax over bitcoin then we should just follow, it is better than totally banning bitcoin due to where are not following the rules of our country, so it is better than anything else, it is better to abide the law.

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NeuroticFish
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Activity: 1526
Merit: 1037


WebSvc owners: pls update tx fees!


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April 02, 2018, 06:19:49 PM
 #159

The word forced is inappropriate

Actually I've seen in newspaper that a guy faced a charge for money laundering because they've found Bitcoin worth 100k EUR on his computer (he has been arrested for being a hacker and this is how they've got access to his computer). It's close enough to "forced".
But his lawyer managed to get papers from ANAF (our IRS) showing that Bitcoin is not taxed.
The news is here, but you have to use google translate for it.

.BITSLER.                 ▄███
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[]
crisanto01
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April 02, 2018, 06:36:01 PM
 #160

The word forced is inappropriate

Actually I've seen in newspaper that a guy faced a charge for money laundering because they've found Bitcoin worth 100k EUR on his computer (he has been arrested for being a hacker and this is how they've got access to his computer). It's close enough to "forced".
But his lawyer managed to get papers from ANAF (our IRS) showing that Bitcoin is not taxed.
The news is here, but you have to use google translate for it.
Of that is sad to hear, maybe taxation in cryptocurrency in their country is legal that is why, I hope that no one will be arrested here in tis forum about that and we'll all gonna comply with the law so that it won't cause any problem  in us in the future, let us obey rather than committing a crime.

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