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MINHAJ_VI
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March 04, 2018, 12:05:16 PM
 #21

guys how to get around local tax laws and convert crypto earnings into legal fiat?

Well,This is a new issue really. But I will suggest that all crypto investors should pay their taxes when & where it was needed. It helps the regulators believe that we all have a future together.Not to just for me or myself do it for all.
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December 03, 2019, 11:24:50 AM
 #22

What I love about cryptocurrencies is where you can learn how to generate money from anywhere. Do you like to watch a movie, here write reviews or do not forbid advertising. Do you like walking, here are the rewards for the steps. If you want to blog, here you can get recognition and money. It is exciting to try everything.

I am still studying cryptocurrencies, but I am amazed that you can find passive income without really worrying whether you have a lot of knowledge or not. But of course, expectations are not always met. I tried to mine Monero on a laptop. I’ll tell you, this method is good and does not require special attention, but it suits those who have a powerful graphics card. otherwise, you can get less than $ 50 per month. And it turns out that even walking and using applications that will support you financially for physical activity are more profitable.

Perhaps you should pay attention not to mining but to the proof of stakes. Of course, this requires an initial investment. But I think if you are a supporter of the idea of ​​buying and saving crypto this idea fits perfectly. Getting rewards for content is really easy. publish0c is known to many who want to earn money through approval, likes, typing systems. But an interesting proposal for a more professional approach is provided by the taklimakan platform where I can choose my price for articles and build an expert reputation. To try the POS when I collect a little money from the content.

Let everyone do what they love and know how. Fortunately, blockchain technology is driving various industries to create potential ways to make money. But if you look at the facts, this is just an additional income. I don’t understand why some people do this not as a hobby, but spend all day. Seriously. If you write well, become a paid blogger or journalist. You make a good video, YouTube is looking for people who will be a cool blogger. This is really worth paying attention to. The blockchain system creates a demand for a lot of vacancies.
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December 03, 2019, 11:25:46 AM
 #23

What I love about cryptocurrencies is where you can learn how to generate money from anywhere. Do you like to watch a movie, here write reviews or do not forbid advertising. Do you like walking, here are the rewards for the steps. If you want to blog, here you can get recognition and money. It is exciting to try everything.

I am still studying cryptocurrencies, but I am amazed that you can find passive income without really worrying whether you have a lot of knowledge or not. But of course, expectations are not always met. I tried to mine Monero on a laptop. I’ll tell you, this method is good and does not require special attention, but it suits those who have a powerful graphics card. otherwise, you can get less than $ 50 per month. And it turns out that even walking and using applications that will support you financially for physical activity are more profitable.

Perhaps you should pay attention not to mining but to the proof of stakes. Of course, this requires an initial investment. But I think if you are a supporter of the idea of ​​buying and saving crypto this idea fits perfectly. Getting rewards for content is really easy. publish0c is known to many who want to earn money through approval, likes, typing systems. But an interesting proposal for a more professional approach is provided by the taklimakan platform where I can choose my price for articles and build an expert reputation. To try the POS when I collect a little money from the content.

Let everyone do what they love and know how. Fortunately, blockchain technology is driving various industries to create potential ways to make money. But if you look at the facts, this is just an additional income. I don’t understand why some people do this not as a hobby, but spend all day. Seriously. If you write well, become a paid blogger or journalist. You make a good video, YouTube is looking for people who will be a cool blogger. This is really worth paying attention to. The blockchain system creates a demand for a lot of vacancies.

It's true. I would not have thought that it would be possible to negotiate with customers and support a community with good currency payments if I hadn’t found out about cryptocurrencies. Crypto trading, mining, bounty rewards or for advertising are good then if you already have a more stable source. It is sad when people fully rely on crypto rewards. Coins can always depreciate and you will be left with little profit
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December 03, 2019, 01:52:39 PM
 #24

guys how to get around local tax laws and convert crypto earnings into legal fiat?
I don't think that there is a "get around" for taxes, period. You either pay what's owed of you, or don't, and risk being audited and all of the other consequences that follow such course of actions. To convert your cryptocurrency into fiat, you have to go through a medium, usually in the form of an exchange. Which may require KYC/AML compliance.

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December 03, 2019, 02:26:44 PM
 #25

guys how to get around local tax laws and convert crypto earnings into legal fiat?
I don't think that there is a "get around" for taxes, period. You either pay what's owed of you, or don't, and risk being audited and all of the other consequences that follow such course of actions. To convert your cryptocurrency into fiat, you have to go through a medium, usually in the form of an exchange. Which may require KYC/AML compliance.
And more of the exchange that want to widraw large balance need to make that KYC. I dont think tax will be a problem if the government ask you for your tax then give them the right amount for taxes, if you have enough money to pay why will you be affraid.

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December 03, 2019, 03:09:29 PM
 #26

guys how to get around local tax laws and convert crypto earnings into legal fiat?
I don't think that there is a "get around" for taxes, period. You either pay what's owed of you, or don't, and risk being audited and all of the other consequences that follow such course of actions. To convert your cryptocurrency into fiat, you have to go through a medium, usually in the form of an exchange. Which may require KYC/AML compliance.
And more of the exchange that want to widraw large balance need to make that KYC. I dont think tax will be a problem if the government ask you for your tax then give them the right amount for taxes, if you have enough money to pay why will you be affraid.

It's alright for me to have tax with my crypto earnings too for as long as this if for the benefit of my own country, why not,  for as long as it is reasonable enough and not just like what most of them are implementing that they wanted to earn with our income of 20-30% which for a normal person like me is a big sum of money. So, right now, i am still enjoying the freedom for not obliging to pay tax on my crypto earnings.
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December 03, 2019, 03:21:47 PM
 #27

guys how to get around local tax laws and convert crypto earnings into legal fiat?
It is normal that when you convert your crypto into fiat taxes will get in the way. There's no way you can get around it or else it would be considered illegal. If you want it to be converted into legal fiat, then do your job and just pay the taxes. There are still some other ways but still there are fees, it's just that the value is lower compared to taxes. Whenever you are investing in crypto, you should study already how you can convert it into fiat in a more convenient and low fees way so that you would not lose too much money in the process.
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December 03, 2019, 03:28:42 PM
 #28

guys how to get around local tax laws and convert crypto earnings into legal fiat?
as of now, there is no bitcoin tax law in our country
in my opinion its ok not to report it if your only converting small amount of bitcoin to fiat
but still, ask for some legal advice in your country
because in some country, if you sell some Bitcoin at a profit that you purchased in the last few years
you will have to report short term capital gains on your tax return and pay ordinary income tax rates.





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December 03, 2019, 03:40:36 PM
 #29

As of now crypto earnings weren't regulated. Very few countries around the globe have compiled laws that enforce the cryptocurrency to legit fiat. Few countries have added the cryptocurrency along with gold. Anyhow there isn't perfect law to be followed, hope cryptocurrency earnings will be regulated as the usage and adoption grows with time.

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December 03, 2019, 03:45:26 PM
 #30

You can sell your bitcoins for fiat, that way you will get cash without the banks. For sure you have people interested in bitcoin close to you and they could be the ones who will easily pay fiat for the cryptos.

Another way is to use Paypal and change your bitcoins to Paypal in an exchange or in the forum. But this way I don't think you can avoid paying taxes.


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December 03, 2019, 03:53:12 PM
 #31

guys how to get around local tax laws and convert crypto earnings into legal fiat?
In my hometown where I'm living, converting is super easy, I just have to find a local dealer, then all the trading stuff will be executed directly between 2 people.
you'll get money right away when he received the bitcoin.
nothing to do with tax and legal paper. most of local dealer can handle every money amount that under 50k$.
I think yours might be the same, get some local dealer, or online but trusted dealer. good luck.





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Xxmodded
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December 03, 2019, 04:11:16 PM
 #32

guys how to get around local tax laws and convert crypto earnings into legal fiat?
I don't think that there is a "get around" for taxes, period. You either pay what's owed of you, or don't, and risk being audited and all of the other consequences that follow such course of actions. To convert your cryptocurrency into fiat, you have to go through a medium, usually in the form of an exchange. Which may require KYC/AML compliance.
And more of the exchange that want to widraw large balance need to make that KYC. I dont think tax will be a problem if the government ask you for your tax then give them the right amount for taxes, if you have enough money to pay why will you be affraid.

It's alright for me to have tax with my crypto earnings too for as long as this if for the benefit of my own country, why not,  for as long as it is reasonable enough and not just like what most of them are implementing that they wanted to earn with our income of 20-30% which for a normal person like me is a big sum of money. So, right now, i am still enjoying the freedom for not obliging to pay tax on my crypto earnings.
I keep continue earning with bitcoin and crypto because have easy way to get earning and can start investing with less risk for other investment kind, with crypto we can manage how much profit we want depend with price up, many people like for investing with crypto and get much profit with bitcoin and altcoin very easy to get much profit.

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December 03, 2019, 08:58:51 PM
 #33

In the future, hopefully you will not need to change bitcoin to fiat

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December 03, 2019, 10:35:13 PM
 #34

guys how to get around local tax laws and convert crypto earnings into legal fiat?
Basically, such transactions are carried out by exchange offices with the help of OTC deal.But before you do this, assess the risks.
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December 03, 2019, 11:42:38 PM
 #35

Here basically you only pay tax on fiat if you earn over a certain amount so I keep under that amount and buy everything else with bitcoin or other crypto.

 
guys how to get around local tax laws and convert crypto earnings into legal fiat?
as of now, there is no bitcoin tax law in our country
in my opinion its ok not to report it if your only converting small amount of bitcoin to fiat
but still, ask for some legal advice in your country
because in some country, if you sell some Bitcoin at a profit that you purchased in the last few years
you will have to report short term capital gains on your tax return and pay ordinary income tax rates.

Even with short term capital gains, it becomes difficult. How do you know what it was worth when bought? Or received? Do you take a recording of the value for a website and screenshot it or what? Or would they look it up? I don't think they know about crypto and will just take your word for it. It's not so easy. There are also many other things to consider. Also, capital gains are not income tax it's taxed differently.

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December 04, 2019, 12:10:55 AM
 #36

Try joining the cryptotalk signature campaign if you're interested in this topic.  They haven't paid their participants in 6 days and may never.  If you don't get paid, you don't have to worry about taxes.  Or you can just rely on income from ico bounties which also don't pay you anything.  Let the tax officials waste their time trying to figure out how much you didn't earn in the campaign or bounty that didn't pay and what the value of the worthless token or coin was at the time you didn't get paid.

Go yobit for not paying their participants for 6 days!
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December 04, 2019, 12:55:17 AM
 #37

don't you avoid, you just obey .. !! because it's a regulation that is created by the government ... !!

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Zeke_23
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December 04, 2019, 02:53:26 AM
 #38

guys how to get around local tax laws and convert crypto earnings into legal fiat?
actually it's easy to solve this problem. we live to register the results of our income to the taxation agency and register the job as IT or internet marketing. register the amount of monthly income so that we will still pay us even though the actual income through crypto
It is one thing, if you really don't want to avoid paying tax then you can put to your record that you are working online or freelance.
Actually there are still no taxation law saying that crypto users are subject to paying tax. As of now, it is still under the consideration of the government (depends on the country you reside in). If crypto is legal in your country, then sooner or later, paying tax is necessary.

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DreamStage
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December 04, 2019, 03:41:09 AM
 #39

First of you need to know how much your country is asking for a tax on the virtual currency.

You can also tax it after you send to bank or receiving your fiat from the virtual currency.
You should contact your local government instead asking here as it's difference for so many countries that we would have to make a complete page knowledge about them.

The simple solution is: Get your fiat converted from virtual currency -> declare to financial services and pay the tax.

Nothing to see here
matchi2011
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December 04, 2019, 04:31:05 AM
 #40

guys how to get around local tax laws and convert crypto earnings into legal fiat?
actually it's easy to solve this problem. we live to register the results of our income to the taxation agency and register the job as IT or internet marketing. register the amount of monthly income so that we will still pay us even though the actual income through crypto
It is one thing, if you really don't want to avoid paying tax then you can put to your record that you are working online or freelance.
Actually there are still no taxation law saying that crypto users are subject to paying tax. As of now, it is still under the consideration of the government (depends on the country you reside in). If crypto is legal in your country, then sooner or later, paying tax is necessary.
Expect that to happen once the government will impose taxations once the rules for crypto already being ordered. There's no way that you can avoid
as it required by the laws that every individuals who are getting salaries inside the jurisdictions of the government is subjected to pay tax to help
the country, it's an obligations that citizens needs to follow.





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