Does Bitcoin need to be taxed?

[tot-o]

It doesn't need to be tax, but if our country can profit from bitcoin transaction and the likes, they will put a tax over it...
They are wise now a days too, haha

[1715621312]

1715621312

[1715621312]

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[daringdiscovered]

The Government want it to be taxed, but they just can't. Bitcoin is a decentralized network,  which mean it is untouchable, and I bet some of the politicians are annoyed because of this. Bitcoin have so many disadvantages and one of it is this decentralized network, unlike fiat, bitcoin is more better to use and to earn.

[Nerman]

Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

In my country as long as it gives you income then it should be covered on your income tax.

In my opinion I do not think Bitcoin should be call a job. Earning with Bitcoin is not certain and you cannot consider it an income unless you sell it.

If you are trading then it will be the same unless you convert it to FIAT it is still not an income

So for me as long as you are not yet converting it to FIAT then I do not consider it as an income and should not be taxed.
 

[Gemma mae]

The bitcoin is not need to be taxed because bitcoin did not gove any hasstle to tje governement.There is no property for bitcoin to taxwd for.So bitcoin is excemption for tax.

[Roydgon]

Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

Для Укpaїни цe дyжe вигiднo, oпoдaткyвaти, нaзбиpaти гpoшi i вiдмити. Bзaгaлi з тaким нe згoдeн,, кoли дepжaвa тiльки зaбиpaє в людeй i нiчoгo нe дoпoмaгaє.

[Willytom]

If there is a means of doing it, I suggest it should be taxed. People are really getting rich with it

[moetimas]

if it can be done in every country, why not do it now !!! I think it will be good for world economic growth and especially bitcoin, because if the whole world recognizes bitcoin, then obviously, bitcoin will be the digital currency for the world. but the problem, bitcoin can not be controlled, whether the government can take tax in this case?

[giogio0504]

Bitcoin is something like job or business, but it is not falls under usual definition of these terms. I think it should be taxed, as it is income, and it will be profitable for country, but the tax regulations should be clear. besides, it is unavoidable, as currencies are more and more popular in the world.

[Yakamoto]

Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

In my opinion, there is no need for Bitcoin to be taxed provided that it is being used as a means of payment in parallel with a "normal" job that pays taxes itself. The big thing that makes this a challenge, especially for various countries like Canada, is that they tax it like it has capital gains. If someone gets paid in Bitcoin, does this mean they're taxed the 50% that capital gains normally would be? Are they taxed on it as income and then any increase/loss from the market moving as a capital gain/loss? It's not exactly something that is easy to understand based on the current codes.

[hadveach]

yes, I say that this bitcoin is a profession, and for me especially bitcoin is my primary job. on bitcoin taxes.
I will pay taxes if my country's government legalizes bitcoin as a means of transaction, if it is still illegal, why should I pay taxes?

[mkmittalg]

I always wondered why people are so interested in such questions, how quickly would the government have imposed taxes on bitcoin. Can you give even 5 years to trade safely

[Geljames28]

Bitcoin doesn't need to be taxed.. But if the bitcoin will be taxed in our country, I think there's a good effect if bitcoin is taxed too..

[hafeezbaloch]

bitcoin no need to be taxed but it defend to your country... some countries has there laws rolls and regulations...

[A.Chanaka Bandara]

Never Not only Bit coin but also all crypto coins are decentalize,So government can't control crypto system. So Bit coin no need to be taxes and rules and regulations in government.

[goaldigger]

Sad to say but i think it needs to be taxed. I think it is the main reason why government on other countries ban or illegalize it. Based on my knowledge, even earnings from a lottery can also be taxed and passive incomes on investments too.

[btcmayumana]

Already some countries have implemented taxes for bitcoins income but I am wonder how can bitcoin can be taxed?
No one knows right how much bitcoins we have,then it is impossible to implement taxes for bitcoins.

Whenever bitcoin is bought, sold, or traded, there are tax impacts. As example USA, which Bitcoin has been legally, policy tax are regulated by IRS which are any people who doing transaction using Bitcoin must convert the Bitcoin value to U.S. dollars as of the date each payment is made and keep careful records of it. This happen also for miners and exchanges market who gain profit from Bitcoin.
So, i guess other countries who ready accepting Bitcoin and legally it, need studying case from how IRS controlling tax.

[pxo.011]

Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

no but in trading you just like paying taxed because of the gas and other but its not a tax at all because its not a job.

[leisha]

Taxation depends on the officials who handles laws for taxes. It is true that bitcoin can be a job because it gives us incomes but most of the countries in this world are not handling bitcoin as part of their government so the government don't have the right to give tax on bitcoins. I am not thinking that bitcoin will have tax because the transaction fees are very expensive and if it has tax the fee will be more expensive and our income will be less and bitcoiners might decrease because of less income. Also, bitcoining is a digital job and it is hard to trace a person that is not paying that tax.

[ringgo96]

Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

no but in trading you just like paying taxed because of the gas and other but its not a tax at all because its not a job.

the tax is taken, because the tax is generated from a revenue, and our income is when we get a salary and already have provisions from the government. while the bitcoin is indeed salary but there is no government regulation and approval. so the bitcoin is not yet in the tax set.

[zais]

Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

The Directorate General of Tax affirmed that the taxpayer must also include the ownership of bitcoin in the property column of the annual tax return. If not include, then the property is found by the tax officer then the taxpayer can be threatened sanctions in the form of fines.