do you guys pay Taxes for profit?

[zahardarya]

Very much depends on your country, the laws. You can discuss this with your colleagues from your country or with a financial adviser, he will help you as best.

[buimangai1234]

I think no need to pay taxes for profits. I thought that taxes are for companies, employers and employees only who earns wages and salaries. In the world of crypto, you do earn only profits for your hardwork in joining bounties and buying from ICOs.

[nicole74859]

In my country, the law on the crypto currency is not adopted. And there is no provision for paying taxes in this area. But I will be forced to pay taxes in the event that the law is passed.

[phucphotphe.09]

It depends on country rules about taxes on fiat and crytpo currencies. So if you leave in such country where taxes are implemented on crytpo currencies then you must pay it,But the country yet not has/have any rule about crypto currency trading then you are still free.

[zauna35]

I don't pay taxes on profits as my country has not yet adopted a law on cryptocurrencies..in the case of a law I think that would not play with the law-will have to pay taxes

[Isaythebitcoinbitch]

hell no, In my country cryptos are not regulated.
so why I have to risk a lot for a profit and then give it for free to the government???
cryptos are too much risk! I will never pay taxes on it. I don't care.

[Bitmore]

I don't pay a cent in taxes. In my opinion, the answer to this question depends on what country you live in and whether you are satisfied with your government. My government robs people so I don't pay any taxes. But if I lived in a good country, I would pay for everything.

[mimota167]

It really depends on what country you are from, but if you want to avoid future issues, I recommend paying the taxes as long there is a law implying to do so. Better safe then sorry.

[crestella]

Pay taxes in what form, what to pay for taxes?
In my country there is no law on the tax cryptoccurency, even they have not legalized its own cryptoccurency.

[vihang200200]

For the time being, I do not need accounting services in encrypted transactions. If I have to use more transactions in the future, I will adopt them. For taxation, it is possible for many countries to do so after the maturity of the community. If there is profit, I would like to pay tax, which is part of the mature market.

[banhtrnag9999]

In my country we did not pay taxes when it comes to bitcoin because they believe that crypto currency is a scam, I don't know where they get that information.But they start to get research about it.

[hoanguyenn203]

Not all countries have implemented taxes on the cryptocurrencies yet, in my country they do not understand what blockchain technology is so they have classified all the cryptocurrencies as illegal, they think bitcoin is same as onecoin.lol

[ternyabin]

Pay taxes in what form, what to pay for taxes?
In my country there is no law on the tax cryptoccurency, even they have not legalized its own cryptoccurency.

In my country, too, there is no law on crypto currencies, but the authorities realize that it is possible to receive income from the crypto currency, so the bill is promised to be released in the near future. Until then, all operations with crypto currencies are not subject to any laws. But in the future I do not exclude the possibility of paying small taxes, if it is transparent and civilized.

[snipie]

3. what do you do in cases of profit from ICO's

WHAT SHOULD I DO??

It depends from the regulation in your country. Personally I do not trade so much but in case I made some huge profit then I will declare what I traded from cryptocurrencies to fiat since it is a fixed and precise price.

[commander11]

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 recommend you not to trade directly from FIAT to Crypto instead buy some BTC/ETH and trade it to crypto. In that you are far from the eyes of the regulators. Don't be a victim like coinbase trading that imposed a tax to every costumer and there you go, paying the unexpected tax.

You can act ahead of time to prevent this taxation to happen. The market right now is unregulated so everyone should enjoy the privilege of no tax policy.

[arkaasay]

No, who pays taxes for crypto ?, Why do I need to use accounting services just for a small thing like this ?. As far as I know there is no clear law that requires taxes on this activity. All transactions are recorded in blockchain, so you can check your transaction history and do math calculations, reduced profit taxes, so you can cash your money efficiently.

[sykhang079]

I see many people strangely anxious and impatient to pay taxes. Frankly, in the absence of clear legislation, I don't take initiatives. When the terrocrats come to look for me, I will face the problem.

[ozgurk]

I am living in Turkey, and we are pay the taxes but not our profit. The exchange market pay tax for a new money entry your account. We are pay commission with tax

[Odebowa]

Somehow somehow a tax is been paid either directly or indirectly, because all the thing you use the money to get  it has already been tax by government, so somehow a tax is been paidr

[gumpoh]

This depends on the policies of the country in which you live. At present, many countries have no tax policy on this aspect. If you have this problem, you can consult local accountants, but I think the cryptocurrency field is still Should not collect taxes