do you guys pay Taxes for profit?

[Tanzion27]

If you are dealing with a huge amount maybe that's the time that you really need an expert for that. But if you can really trust yourself with those transactions and been studied that, so it's up to you

[espellogo7]

Im not paying a tax profit because in my country there is no laws for regulating crypto currency. Crypto is decentralised and there is no law guiding to be taxed,, therefore users of cryptocurrencies can enjoy the advantages of being located in sector of economy legal prevails.

[ujinice]

I'm not going to pay any taxes on profits from trading or ICO. For this purpose, offshore cards were invented.

[max65]

In our country as of today,crytocurrency is not popular and recognize.If ever the government were recognize and legalize cryptocurrency in our country,that's the time we pay taxes for profit because government's rules or policy.We had nothing to chose just follow.

[IamAltcoinfan]

Still i am not having Idea recently i communicated with auditor as i bougth crypto currency initial using fiat currency that can be investment . Later whatever i am doing in exchanges will not consider . So finally i have to pay tax for the whole money i withdraw from local exchanges.

[aleksej.rozhkov]

Of course, the country's policy depends a lot and it can not be said straight away. Therefore, managing your money, you must know the economy.

[BaeNaNa]

No i'm not because there's no regulation yet about crypto here and i don't know how should i do it. I already asked an accounting firm and they don't even know what crypto is so i guess there's still a long time until the government will implement tax on crypto gain. Maybe if the government change their stand and decide to support crypto, they can start making regulation about that.

[paynercash]

Are not. In my country I have not accepted Crypto and the government can not manage all of our BTC trading activities. So I do not lose any tax from the profit of the BTC. I only charge per transaction.

[btcdevil]

Hi.

i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.

however i think it's an issue need to be dealt with.

1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's

WHAT SHOULD I DO??

Here in my country i show as short term gain through trading just like we do taxation for equity trading. As still our government have not disclosed detail about crypto currency so from my part i am paying tax so that in future if their is any taxation amendment i should be not in problem.

[Nilda]

From where I am right now, no. I don’t know in other countries. If ever they decided to tax cryptocurrency, I think it would be from the transaction fees.

[Jumli]

I do not do that at all but I do with a car that I think is better than that, like giving little to my other family.

[Mikado$]

Currently, as far as I know, some countries like Japan have applied tax administration types to tenderers on commercial crypto sites. And some do not yet have tax regulators for the crypto market. If they apply tax for the assurance of the problem of the investors in the cryptographic market. We may lose another transaction fee that includes a tax.

[Cult]

I am convinced that taxation is theft and govenments forcing you to pay taxes are no better than robbers, but the first are also trying to sugarcoat the robbery in words about elusive common good and welfare. For that reason I'm trying to pay as little taxes as possible.

[IrenNTA]

We don't have any regulation in our country yet, so I don't pay any taxes. Our government promised to issue new laws till the end of Q2, so most likely we'll be obliged to pay taxed in the nearest future.

[papagravel]

I'm lucky I live in Belarus, we have since the beginning of April it enacted a law exempting people from income tax if you leave the fiat through the Belarusian stock exchange.

[alt18coins]

Its depend on country's policy.If a country says to pay taxes to the people so it is our responsibility to follow the rule.If anyone can use crypto he need to know the all rules of the country where he live in other country people not pay taxes.But some other country people pay taxes for profit and it is important for decentralisation..

[adolf512]

Each country has its own policy, about taxation crypto currency. most countries are just eyeing and thinking about what to do with crypto-currencies. I think there are not many people who want to pay taxes on their profits from crypto currency))

[DyllanGM]

We could be fro different countries so there could be different approach to your problem, or in my case, its not a problem at all since our government has still no rules and regulation about taxing income from cryptocurrency. So be sure to ask proper authorities in your country if it is already taxable and if it is, how it is done.

[Wyne]

Hi.

i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.

however i think it's an issue need to be dealt with.

1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's

WHAT SHOULD I DO??

I guess, it is depend upon the country you are living right now.  There are many investors, traders and bounty hunters who earn lot of cryptos but we pay no tax here in the Philippines.  This is because there is no specific law here requires crypto income to deduct tax.  So, it is depend upon the country's law.  If your country requires all crypto investors, traders and bounty hunter to pay tax then, it is better to pay tax to avoid future conflict.  

[GandiwaSF]

nope, depending on where you live because each country has its own rules, and for myself there is no such regulation in my country, but if needed I will do for my love cryptocurrency