Is Bitcoin required to pay taxes?

[Kris34]

Where it is required that taxes related to bitcoins should be charged for operations. But this situation is not in all countries.

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[kerremy]

Yes, in some countries, Bitcoin is required to pay taxes, some countries treat Bitcoin and cryptocurrency as property, so there are capital gain implications.

[romarry]

Well, like it or not, Bitcoin is required to pay taxes. For example, The IRS currently considers cryptocurrency as a property. All users are required to report profits. The IRS is always softer with taxpayers. Coming forward faster than later can help prevent more stringent penalties or fines for not reporting.

[zabizana]

Yes, what I know is that some countries make rules about Bitcoin taxation.
In some countries, Bitcoin is treated like property, so Bitcoin users are required to pay taxes.

[DeadCoin]

It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.

[sheenshane]

It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.

Probably it will happen, time to time that paying tax to the governments will happen to all countries but as of now fewer of the countries are implementing on that, while others quite not putting any law regarding cryptocurrencies. We can't deny the fact that it is possible to happen just like what happens now most companies having KYC or even just having a wallet that government easy to track us when we did not pay a tax.
But as of now, it will depend on which country you are, luckily here in my country, we are all free to used bitcoin without any charges to the government.

[hacekd]

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

this is very confusing if indeed bitcoin is really taxed, to whom we have to pay the tax and on what basis the tax is applied because as far as we know bitcoin does not really regulate it and with that purpose bitcoin is quoted...

[ninis45]

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

this is very confusing if indeed bitcoin is really taxed, to whom we have to pay the tax and on what basis the tax is applied because as far as we know bitcoin does not really regulate it and with that purpose bitcoin is quoted...

maybe if this bitcoin tax rule is applied the same as income tax or transaction tax that has been widely applied in several countries, and how to calculate and pay for it from our transactions when exchanging it to FIAT at a local exchange that has cooperated with the bank, like costs fee/gas in market exchanges

[goaldigger]

Bitcoin is viewed by many countries in different styles. All have different perspectives on how to deal with it specially on how it is to be taxed. Some doesnt and some does. There re countries which consider it as asset and tax it as an asset. The taxation varies from the place you are in so better check with your local news or laws.

[bitcoinVPSD]

if bitcoin is actually taxable. I think governments of all countries should set out common rules to bring equity to investors. The taxes applicable to bitcoin are the transaction tax between the sale and purchase exchange.

[Gadhoh]

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

it's all a big country that actually legalizes bitcoin if they make taxes for bitcoin users because they regulate and don't want mistakes like criminal acts will occur because of bitcoin.

[maarx]

Its necessary if your country demands on it. This would be a professional way to do so. The country accepts bitcoin and lets you work and earn from bitcoin and allows you have a wealthy life. Crypto earnings uplifts every crypto earner's life. So this has to be taken into consideration and the earners should obey the rules and pay the required tax. This would encourage the government to bring more employment to its citizens.

[Gadhoh]

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

the rules of the game are bitcoin is not taxed but is charged a fee that occurs if someone tries to transact and it is also not large but there are some countries that impose taxes for those who use bitcoin to maintain security.

[Cryptuenza]

To pay taxes or not depends on your country's jurisdiction. Here in Germany we pay taxes for everything, for trading, for POS, for mining! There are only some exceptions when we may not pay: for example if we hold Bitcoin longer than one year. So let's hodl

[mornabo]

It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.

You right for now in some countries not many have implemented the tax system on bitcoin, but it is likely that for many countries to implement it, seeing the development of crypto and bitcoin is getting better and many people are adopting it, the government is certainly thinking about how to benefit for both

[Tapyaks72]

It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.

You right for now in some countries not many have implemented the tax system on bitcoin, but it is likely that for many countries to implement it, seeing the development of crypto and bitcoin is getting better and many people are adopting it, the government is certainly thinking about how to benefit for both

Many countries adopted bitcoin because of the fast and reliable means of remittances, although some of them are just using it as a remittances medium, but  because of some transaction fees the government will ask a tax to the service fees to the service provider  who are valid and registered one

[marcbitcoins]

This will depend upon the nations on how they will draft their Bitcoin regulations. Some countries like Japan and France imposed less tax on Bitcoin income while Germany imposed free of tax during direct spending and investing therefore it will just depend of the country but most of them just imposed tax same as fiat taxation as this is the one of the benefit of the country that will declare Bitcoin is legal.

[Hannahanto]

It depends upon your country government, if the government forced to pay tax for bitcoin means then you have to pay. Still ther is no tax for bitcoin in many countries. At the same time few countries put tax for bitcoin. Mainly tax is to avoid bitcoin for illegal purpose but in future tax is applicable for bitcoin in all countries.

[timotron]

Hi,

In Spain, we have a barrier to ICO`s creation.
and other anti-tech-evolution laws!  They are very general and poor, but difficult to evade.

But we have to pay Taxes for our crypto thing! This is very good explained and we got some guides too!

Spain in amazing...(not for crypto)

Good day!

[Firefox07]

As of the moment my country don't required  us to pay taxes. But if the time comes that they will put tax on bitcoin. We can't do anything but to obey what our government will implement. As long as the tax will use to help other people.