Bitcoin Forum
September 21, 2019, 06:26:10 PM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 »  All
  Print  
Author Topic: Signature Campaigns taxes  (Read 23264 times)
Marcsymon
Member
**
Offline Offline

Activity: 322
Merit: 10


View Profile
March 31, 2018, 04:56:34 AM
 #121

To say whether the amount you earn in your signature campaigns is taxable, you need to know exactly the tax laws of your country. In many countries, the minimum amounts that are subject to taxation are established. I do not think that you have earned so much on signature campaigns that it is subject to taxation. However, if this amount is higher than the minimum set, then such a profit may well be recognized as income in the crypto currency and subject to taxation.

It is seems similar to our country. The government established minimum amount subjected to taxation for the workers income that is so called "income tax". But in bitcoin signature campaign this is not legalize yet and taxation are no longer established. It is also unfair to bitcoin users in our country to pay taxes to the government because this jobs is hidden and income also are hidden and not qualified for tax payments at all.
1569090370
Hero Member
*
Offline Offline

Posts: 1569090370

View Profile Personal Message (Offline)

Ignore
1569090370
Reply with quote  #2

1569090370
Report to moderator
1569090370
Hero Member
*
Offline Offline

Posts: 1569090370

View Profile Personal Message (Offline)

Ignore
1569090370
Reply with quote  #2

1569090370
Report to moderator
1569090370
Hero Member
*
Offline Offline

Posts: 1569090370

View Profile Personal Message (Offline)

Ignore
1569090370
Reply with quote  #2

1569090370
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569090370
Hero Member
*
Offline Offline

Posts: 1569090370

View Profile Personal Message (Offline)

Ignore
1569090370
Reply with quote  #2

1569090370
Report to moderator
1569090370
Hero Member
*
Offline Offline

Posts: 1569090370

View Profile Personal Message (Offline)

Ignore
1569090370
Reply with quote  #2

1569090370
Report to moderator
Fantastic33
Member
**
Offline Offline

Activity: 280
Merit: 12


View Profile
March 31, 2018, 11:18:32 PM
 #122

Here in our country there's no law pertaining to imposing taxes from signature campaign. Besides earnings from campaigns are just small compared to those who invested or do tradings with crypto. But then, if they impose tax, then all we need to do is to declare our earnings and pay the necessary amount for the tax. We need to follow what the government will say.
Bardman
Hero Member
*****
Offline Offline

Activity: 952
Merit: 516



View Profile
April 02, 2018, 12:12:11 AM
 #123

Here in our country there's no law pertaining to imposing taxes from signature campaign. Besides earnings from campaigns are just small compared to those who invested or do tradings with crypto. But then, if they impose tax, then all we need to do is to declare our earnings and pay the necessary amount for the tax. We need to follow what the government will say.

Not really that small, you can still make around 0.04 each month with any hero account which is still around 300$ That's not that small and also considering that the price of bitcoin was far higher, some people were earning 500$+ with just 1 account. You also need to pay taxes for any amount, at least here, you can only get away with 1000$ a year without having to pay any taxes.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
arthur25
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
April 02, 2018, 09:33:36 AM
 #124

Now first of all I live in spain and I'm wondering if someone has ever paid taxes with money acquired from signature campaigns here. I made a decent amount of money a year ago because campaigns were giving 0.03-0.04 per week. I wouldn't really know how to pay taxes if I need to, would this count like a job and how exactly would someone prove they got their bitcoins from signature campaign , seems quite difficult.
Don't bother to pay it if your government doesn't bother you too. Most of the banks doesn't consider crypto currency as a source of income that's why when you have to show them your sources of income you have to make an another job that looks legal to them with a reasonable salary because if it's too big they might lock up your bank account if it is not reasonable. And by the way it really depends on what country you are in, so just stick to the law and everything will be fine.

I agree that it is all depends on what country you are and do your country engage of partnership of cryptocurrency. If yes then possible that you will tax if it is implemented.
btc-facebook
Legendary
*
Offline Offline

Activity: 1554
Merit: 1015



View Profile
April 02, 2018, 09:58:33 AM
 #125

Signature Campaign provide bitcoin earnings , I'm usually convert into fiat using local exchange.
My local exchange only charge transfer fee and 1% withdrawal for every transaction.

Based on my bank's government decision , they are forbid bitcoin transaction so as an advantage, every local exchange exclude tax !

.Minter.                       ▄▄▄▄▄▄▄▄▄
                  ▄▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄▄
               ▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄
            ,▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄
          ,▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄
         ▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
        ▓▓▓▓▓▓▓▓▓▓█▀█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀█▓▓▓▓▓▓▓▓▓▓
       ▓▓▓▓▓▓▓▓▓▓▓    █▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓
      █▓▓▓▓▓▓▓▓▓▓▓▓▓    ▀▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓
      ▓▓▓▓▓▓▓▓▓▓▓▓▓█▓▓▄   ▀▓▀   ▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓
     ▐▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▄     ▄▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▌
     ╟▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▄ ▄▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▌
     ▐▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▌
      ▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓
      ║▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▌
       ▀▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
         ╙▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
           ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
             ▀█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
                ▀█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▀
                     ▀▀██▓▓▓▓▓▓▓██▀▀
||

╓▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒
▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▀▀▀▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
▓▓▓▓▓▓▓▓▓▓▓▓▓▓         ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▓▓         ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▓▌        ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▓         ▀╜        ╙▀▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▓                      ▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▌                       ▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓                        ▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓         ▓▓▓▓▓▌         ▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▌         ▓▓▓▓▓          ▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓⌐         ▓▓▓▓▓         ╣▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓         ▀█▀▀^         ╫▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▌                      ▒▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓                     ▒▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓                 #▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
 ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
 ╙▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
WALLET




                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█

   Report to moderator 
MINTER - WE MINT COINS AND CREATE THE INTERNET OF MONEY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
https://ww
Harlot
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 603



View Profile
April 02, 2018, 11:31:24 AM
 #126


A few options are presented:

1. Don't say anything, it's virtually impossible for any tax agency to find out what you have. However eventually they might be able to and you could face serious problems.
It can be an option but do you really want to evade taxes? I mean you are not only breaking the law but you are also being unfair to your own country, if a considerable amount of you are evading taxes your country might suffer from it.

2. Mark it as freelance work and a tax rate will be applied to it, up to 50% (reported by an user) It seems that they wont ask for much information or proof as long as you are declaring it intentionally.
Freelance work or work from a company does not make any difference as long as it is income it will still be taxable as income tax. And I don't think 50% tax is a reasonable tax rate to begin with. The thing that will give you a different tax rate is classifying yourself as either employed or self-employed.



Sithara007
Legendary
*
Offline Offline

Activity: 1540
Merit: 1020


Windice.io


View Profile
April 03, 2018, 01:08:56 PM
 #127

Here in our country there's no law pertaining to imposing taxes from signature campaign. Besides earnings from campaigns are just small compared to those who invested or do tradings with crypto. But then, if they impose tax, then all we need to do is to declare our earnings and pay the necessary amount for the tax. We need to follow what the government will say.

Not really that small, you can still make around 0.04 each month with any hero account which is still around 300$ That's not that small and also considering that the price of bitcoin was far higher, some people were earning 500$+ with just 1 account. You also need to pay taxes for any amount, at least here, you can only get away with 1000$ a year without having to pay any taxes.

If you want to skip paying taxes, then there are thousands of legal loopholes out there. And it is quite easy, if you are earning only $3,600 per year from the signature campaigns. And obviously, there are a lot of illegal options as well, such as cash on mail and pre-paid debit cards.

          ▄▄████▄▄
      ▄▄███▀    ▀███▄▄
   ▄████████▄▄▄▄████████▄
  ▀██████████████████████▀
▐█▄▄ ▀▀████▀    ▀████▀▀ ▄▄██
▐█████▄▄ ▀██▄▄▄▄██▀ ▄▄██▀  █
▐██ ▀████▄▄ ▀██▀ ▄▄████  ▄██
▐██  ███████▄  ▄████████████
▐██  █▌▐█ ▀██  ██████▀  ████
▐██  █▌▐█  ██  █████  ▄█████
 ███▄ ▌▐█  ██  ████████████▀
  ▀▀████▄ ▄██  ██▀  ████▀▀
      ▀▀█████  █  ▄██▀▀
         ▀▀██  ██▀▀
.WINDICE.████
██
██
██
██
██
██
██
██
██
██
██
██
████
      ▄████████▀
     ▄████████
    ▄███████▀
   ▄███████▀
  ▄█████████████
 ▄████████████▀
▄███████████▀
     █████▀
    ████▀
   ████
  ███▀
 ██▀
█▀

██
██
██
██
██
██
██
██
██
██
██
██
     ▄▄█████▄   ▄▄▄▄
    ██████████▄███████▄
  ▄████████████████████▌
 ████████████████████████
▐████████████████████████▌
 ▀██████████████████████▀
     ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
     ▄█     ▄█     ▄█
   ▄██▌   ▄██▌   ▄██▌
   ▀▀▀    ▀▀▀    ▀▀▀
       ▄█     ▄█
     ▄██▌   ▄██▌
     ▀▀▀    ▀▀▀

██
██
██
██
██
██
██
██
██
██
██
██
                   ▄█▄
                 ▄█████▄
                █████████▄
       ▄       ██ ████████▌
     ▄███▄    ▐█▌▐█████████
   ▄███████▄   ██ ▀███████▀
 ▄███████████▄  ▀██▄▄████▀
▐█ ▄███████████    ▀▀▀▀
█ █████████████▌      ▄
█▄▀████████████▌    ▄███▄
▐█▄▀███████████    ▐█▐███▌
 ▀██▄▄▀▀█████▀      ▀█▄█▀
   ▀▀▀███▀▀▀
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
iePlay NoweiI
I
I
I
Nylesor
Newbie
*
Offline Offline

Activity: 71
Merit: 0


View Profile
April 03, 2018, 01:55:29 PM
 #128

In my country crypto currency is still not legal and still no way to audit your total earnings/ taxable income here in bitcoin. So dont bother to pay taxes as long as it was not under your law.
Bardman
Hero Member
*****
Offline Offline

Activity: 952
Merit: 516



View Profile
April 03, 2018, 03:34:56 PM
 #129

Here in our country there's no law pertaining to imposing taxes from signature campaign. Besides earnings from campaigns are just small compared to those who invested or do tradings with crypto. But then, if they impose tax, then all we need to do is to declare our earnings and pay the necessary amount for the tax. We need to follow what the government will say.

Not really that small, you can still make around 0.04 each month with any hero account which is still around 300$ That's not that small and also considering that the price of bitcoin was far higher, some people were earning 500$+ with just 1 account. You also need to pay taxes for any amount, at least here, you can only get away with 1000$ a year without having to pay any taxes.

If you want to skip paying taxes, then there are thousands of legal loopholes out there. And it is quite easy, if you are earning only $3,600 per year from the signature campaigns. And obviously, there are a lot of illegal options as well, such as cash on mail and pre-paid debit cards.

I don't want to skip paying taxes, that's why I made the thread in the first place but I also don't want to get busted for something that I'm not even doing. If I start paying taxes for bitcoin I would have to pay all of them and it can be really difficult to do so, at least here and I don't want to get entangled in legal fights. I wanted to make sure you can prove and pay taxes for signature campaigns, that's all.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
BitHodler
Legendary
*
Offline Offline

Activity: 1386
Merit: 1164


View Profile
April 03, 2018, 07:33:07 PM
 #130

In my country crypto currency is still not legal and still no way to audit your total earnings/ taxable income here in bitcoin. So dont bother to pay taxes as long as it was not under your law.
If you tell me what country you are from, I'll be able to point out that you in fact are obliged to pay tax over your crypto holdings/profits, and that without the need of them being explicitly stated as such.

I have seen so many people say the exact same thing, that as long as crypto isn't legal it can't be taxed, but that's wrong to the core. There is always a certain category crypto fits in, don't underestimate your government.

They'll do everything they can in order to make you pay tax over the weirdest possible things, all to squeeze out every possible penny. In other words, don't consider yourself to be exempt from paying tax.
maarx
Hero Member
*****
Offline Offline

Activity: 882
Merit: 517


cloverdex.io


View Profile
April 03, 2018, 08:50:08 PM
 #131

Now first of all I live in spain and I'm wondering if someone has ever paid taxes with money acquired from signature campaigns here. I made a decent amount of money a year ago because campaigns were giving 0.03-0.04 per week. I wouldn't really know how to pay taxes if I need to, would this count like a job and how exactly would someone prove they got their bitcoins from signature campaign , seems quite difficult.

Edit

A few options are presented:

1. Don't say anything, it's virtually impossible for any tax agency to find out what you have. However eventually they might be able to and you could face serious problems.

2. Mark it as freelance work and a tax rate will be applied to it, up to 50% (reported by an user) It seems that they wont ask for much information or proof as long as you are declaring it intentionally.

3. Simply spend bitcoins or any other cryptocurrency that you earned without ever converting it to fiat because cryptocurrencies are usually not taxable in most European countries.





I live in a place where bitcoin is not yet announced as legal  or illegal. So even if i earn bitcoin through either signature campaign or from any other crypto source, i am not bother about paying taxes. But indeed, if my government accepts bitcoin and other crypto currencies and bitcoin is used my country wide, then yes i would certainly pay tax to the government as it allows its citizens to use bitcoin.  But still indirectly, i am paying tax to the government as the currency exchanged into fiats is used for local expenses. Every goods is taxed.



























.What is Cloverdex platform?.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
ANN Thread | Website
Telegram | Twitter
Whitepaper | Reddit
Bardman
Hero Member
*****
Offline Offline

Activity: 952
Merit: 516



View Profile
April 04, 2018, 01:09:24 PM
 #132

Now first of all I live in spain and I'm wondering if someone has ever paid taxes with money acquired from signature campaigns here. I made a decent amount of money a year ago because campaigns were giving 0.03-0.04 per week. I wouldn't really know how to pay taxes if I need to, would this count like a job and how exactly would someone prove they got their bitcoins from signature campaign , seems quite difficult.

Edit

A few options are presented:

1. Don't say anything, it's virtually impossible for any tax agency to find out what you have. However eventually they might be able to and you could face serious problems.

2. Mark it as freelance work and a tax rate will be applied to it, up to 50% (reported by an user) It seems that they wont ask for much information or proof as long as you are declaring it intentionally.

3. Simply spend bitcoins or any other cryptocurrency that you earned without ever converting it to fiat because cryptocurrencies are usually not taxable in most European countries.





I live in a place where bitcoin is not yet announced as legal  or illegal. So even if i earn bitcoin through either signature campaign or from any other crypto source, i am not bother about paying taxes. But indeed, if my government accepts bitcoin and other crypto currencies and bitcoin is used my country wide, then yes i would certainly pay tax to the government as it allows its citizens to use bitcoin.  But still indirectly, i am paying tax to the government as the currency exchanged into fiats is used for local expenses. Every goods is taxed.

I don't think it really matters if bitcoin is declared legal or illegal as long as you are making money with it, what if you earn 10 million dollars, you think you wont have to pay taxes for it just because bitcoin is not announced as legal or illegal?




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
guybrushthreepwood
Legendary
*
Offline Offline

Activity: 1176
Merit: 1192



View Profile
April 05, 2018, 12:50:51 PM
Merited by Foxpup (1), Bardman (1)
 #133

That is not the problem. It's obvious that if you are getting paid in bitcoins in here, the government isn't going to know unless you report it, I don't see them bothering asking theymos for IP records or something, and most people use proxies anyway, for safety reasons in here, since using your real IP in here isn't very bright due all the scammers trying to dox each other.

The real problem is, how the hell do you properly cash out your bitcoins if you want to buy a house with them? because there's no way you are going to avoid the government knowing if you want to buy a house with your signature campaign gains across the years. So far none has given a real answer to this.

Most governments won't be monitoring crypto transactions extensively right now, but it's only a matter of time before they do. Do you think they're just going to sit back and let people earn millions in crypto without paying the taxes on it? The US has already sent legal requests for Coinbase to give up the details of people's accounts there. They could just as easily send theymos a request to do the same which he would have to oblige if it was court ordered. These things have a way of catching up with you. Like I've said before, you might be able to get away with paying no taxes for a while but if you start to live beyond your means it starts to look suspicious. You might be able to earn a decent living here but when you want to buy a car or house big transactions get reported and to buy a house in my country you have to prove where every penny of your money came from on any sort of deposit. There's no way I would be able to buy anything of substantial value without it coming back to bite me eventually. To answer your question, you just declare income earned. This is what you're going to have to do if you want to buy a house in the future.

My government did not legalize bitcoin yet so I can use bitcoin without pay any tax.

Usually I earn btc and convert into local exchange , I just paid some fee from transaction so I do not pay any tax.
Other exchange may apply tax because they already legalize bitcoin

Just because something hasn't been made legal yet doesn't mean you don't have to pay taxes on it. Seriously, contact your local IRS and ask them if you don't have to pay taxes because your earnings are in crypto. If an employer decided to pay you in gift certificates or credit vouchers or some other form of token that they had created do you think that would exempt you or them from taxes? This isn't how it works. If it was people would just start creating their own money or pay people in goods etc to avoid taxes.

---------

1. I don't consider not sharing information about my private possession with anyone as wrong.

It doesn't matter what you consider. I'm sure you share lots of information. Do you not have an actual job? Do you not pay your taxes there? Do you have a debit/credit card or any other bills? Are you completely anonymous and live self-sufficiently off the grid? Or is bitcoin just a way you can finally get away with quietly sticking it to the man because it's a payment system outside of the mainstream where you think you're safe?

2. Here in Europe, in most countries you are supposed to pay taxes from realized gains, so until you spend your coins you don't have to pay or report anything.

Europe is a continent and nobody pays income taxes to it. I can tell you in most countries I know of it's actually the opposite. Each specific country has their own laws regarding taxes and your logic certainly isn't right regarding Spain or the UK.

By law you're supposed to pay when you make purchase or exchange for fiat, so I haven't reported anything. Even if this law changes at some point, I still won't do it.

What country are you in? This isn't usually true in the vast majority of countries.

3. There's no need to launder the money. If I ever want to get fiat (don't think I will anytime soon), I'll do it on a German exchange, where we don't have to pay any taxes, at least for now. 

That depends on whether you're a citizen of Germany or not. Germany might not require capital gains tax on bitcoins (yet) but I'm pretty sure they still require you to pay income tax on them as earned.

http://www.nomoretax.eu/bitcoin-tax-haven-germany/

Quote
For many investors, 2017 marked the first year they seriously got into Bitcoin. What had been a novelty that was only understood and traded by geeks, barged into the mainstream consciousness with a 1,308% rise in value.

And where the money flows, the legislators go. They may be a little slow to catch up, but that doesn’t mean you can keep your cryptocurrency gains hidden from the IRS or its foreign equivalent.

Quote
As opposed to most developed countries, Germany doesn’t see cryptos as currencies, commodities, or stocks. Instead, Bitcoin and altcoins are considered private money. This distinction is important, since private sales bring tax benefits in Germany.

According to rule 23 EStG, private sales that do not exceed 600 euros are tax exempted. But perhaps even more interesting is the fact that you pay no tax if you hold your Bitcoin, Litecoin, Ethereum, Ripple, or other altcoins, for a period of over one year. No matter how much you make selling your cryptocurrencies, you don’t pay tax on the capital gains if you’ve held them for over one year.

I would also be every surprised if Germany lets you cash out thousands or even millions tax free.

Was your ethics so influenced by the system that you feel the need to report your every move to the authorities? 

No. Why would I report my every move? This isn't a debate about reporting movement. It's about required income taxes and the law of the country you may or may not reside in.

That you feel like you're doing something wrong when you don't tell them what you spent your money on?


You don't have to tell them what you spent your money on. This is about income earned and tax laws.

Soon the society will become so scared that there will be no need for surveillance and tracking. The good citizens will share all information of their free will and even feel good afterwards.

Again, this is about income tax laws not anything else. I think a place where lawlessness exists because there's no roads, police or doctors because everybody just evaded or stopped paying their taxes would be much worse than this hypothetical self-reporting surveillance state. Personally I don't think it's fair that some people think they're above the law and are happy for others to pay their way whilst you take all the benefits the country provides you, just on somebody elses tax dollar. There are plenty of countries you could move to though if you don't want to pay income taxes. They tend to lack it other benefits, though.


zarados
Full Member
***
Offline Offline

Activity: 350
Merit: 126


View Profile
April 05, 2018, 01:17:06 PM
 #134

Now first of all I live in spain and I'm wondering if someone has ever paid taxes with money acquired from signature campaigns here. I made a decent amount of money a year ago because campaigns were giving 0.03-0.04 per week. I wouldn't really know how to pay taxes if I need to, would this count like a job and how exactly would someone prove they got their bitcoins from signature campaign , seems quite difficult.

Edit

A few options are presented:

1. Don't say anything, it's virtually impossible for any tax agency to find out what you have. However eventually they might be able to and you could face serious problems.

2. Mark it as freelance work and a tax rate will be applied to it, up to 50% (reported by an user) It seems that they wont ask for much information or proof as long as you are declaring it intentionally.

3. Simply spend bitcoins or any other cryptocurrency that you earned without ever converting it to fiat because cryptocurrencies are usually not taxable in most European countries.





I live in a place where bitcoin is not yet announced as legal  or illegal. So even if i earn bitcoin through either signature campaign or from any other crypto source, i am not bother about paying taxes. But indeed, if my government accepts bitcoin and other crypto currencies and bitcoin is used my country wide, then yes i would certainly pay tax to the government as it allows its citizens to use bitcoin.  But still, indirectly, I am paying tax to the government as the currency exchanged into fiats is used for local expenses. Every good are taxed.

I don't think it really matters if bitcoin is declared legal or illegal as long as you are making money with it, what if you earn 10 million dollars, you think you won't have to pay taxes for it just because bitcoin is not announced as legal or illegal?

Correct, even in your state of country legalize cryptocurrency or not, it all depends on how you trade it into your local currency. Indeed, you are not directly paying taxes to the government, but you definitely pay a withdrawal fee of 1% or more. Who knows, the fee we paid is partially paid to the government as income taxes of the exchange company.
cherry yu
Full Member
***
Offline Offline

Activity: 290
Merit: 100

Vertex.Market, the World's First ICO Aftermarket


View Profile
April 05, 2018, 03:06:28 PM
 #135

the you earn from the signature campaign has no tax. in my country i didnt pay any tax from my income in joing signature. if you are leaving the country that is very strick about taxes from bitcoin. then you have to pay tax.

Bardman
Hero Member
*****
Offline Offline

Activity: 952
Merit: 516



View Profile
April 05, 2018, 08:15:38 PM
 #136



I didn't realize how many people think that you don't need to pay taxes for anything related to bitcoin, I'm now thinking about opening a thread just to inform people that they should. I mean that's why I even opened this thread, I know eventually they will have a way to check for these things and as I said, over the years the amount of money you can make even with signature campaigns only can be quite substantial specially if bitcoin goes up even higher.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
stomachgrowls
Hero Member
*****
Offline Offline

Activity: 1162
Merit: 546


Crypto-Games.net: Multiple coins, multiple games


View Profile
April 05, 2018, 08:44:22 PM
 #137

Signature Campaign provide bitcoin earnings , I'm usually convert into fiat using local exchange.
My local exchange only charge transfer fee and 1% withdrawal for every transaction.

Based on my bank's government decision , they are forbid bitcoin transaction so as an advantage, every local exchange exclude tax !
That's a good thing and so as with our government on where they are regulating a local exchange but still they don't require any tax into those users who do involve into crypto or bitcoin itself which each transaction is tax free and the amount is deducted is only on the local exchange site fee only into the transactions had been made but I do still doubt that sooner or later government would impose such regulation when the tx volume is increasing on where coming to a point on where millions of transaction is already involved.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
mazdafunsun
Full Member
***
Offline Offline

Activity: 406
Merit: 121


send and receive money instantly, with no hidden c


View Profile
April 06, 2018, 10:54:41 AM
 #138

In my country no need to pay tax if I got income from signature campaigns, because don't have any regulations about that.
So depend of your country, if there's no regulations or rules of pay tax from signature campaigns, I think is ok no need to pay taxes.


No need for regulations exactly about signature campaigns, every country has an income tax. Signature campaign money is income, so you should pay income tax from that.

guybrushthreepwood
Legendary
*
Offline Offline

Activity: 1176
Merit: 1192



View Profile
April 07, 2018, 12:00:46 PM
 #139

the you earn from the signature campaign has no tax. in my country i didnt pay any tax from my income in joing signature. if you are leaving the country that is very strick about taxes from bitcoin. then you have to pay tax.

Where have you heard this? Show me where in your countries tax code it says you don't have to pay taxes on crypto earned for services provided. You would be laughed at if you used this excuse in court if it ever came to it. Earning money but in bitcoin almost certainly does not excuse you from income taxes. If this was the case everyone would demand their income in crypto to avoid paying them. It just doesn't work like that as much as you and everyone here wishes. Seriously, do some reading on this or contact your local tax authority and ask them.



I didn't realize how many people think that you don't need to pay taxes for anything related to bitcoin, I'm now thinking about opening a thread just to inform people that they should. I mean that's why I even opened this thread, I know eventually they will have a way to check for these things and as I said, over the years the amount of money you can make even with signature campaigns only can be quite substantial specially if bitcoin goes up even higher.

You should do it. The majority of people who are commenting on this thread seem to be very, very naive or are just telling themselves what they want to hear. Most of them are probably kids to be honest but that isn't going to save themselves from getting in trouble. There seems to be two categories of people here: 1] Bitcoin isn't 'legal' yet so I don't need to pay and 2] They'll never know about it so I'll probably never get caught.

1] As I've explained before this doesn't matter. Your government probably hasn't legalized potatoes as a form of currency but if you get paid in them by the thousands and then when they ask you why you haven't paid taxes you say "well potatoes aren't a legal currency yet' it isn't going to be a valid excuse. If you get paid in potatoes, or anything else in exchange for goods or services that's still an income and you will still owe taxes. If this wasn't the case it would be a huge loophole that everyone would exploit. Instead of getting paid in cash people could just pay you in goods like phones, tablets, TVs etc. Imagine if you owned a shop and only accepted bitcoin as payment for your products. Do you think that would excuse you from paying taxes? Hell no.

2] Again, as I've explained, you might be able to completely fly under the radar forever so they might not ever find out, but you're going to have to live essentially as an outlaw with that money and if your balances don't add up or start to look suspicious you might have some explaining to do eventually. Earning a little bit of money here and there from campaigns probably won't be much of a risk but a lot of people especially from Asia seem to be doing signature campaigns full time and supporting their families through it. Your government will become aware of this at some point if they haven't already and start to look into the websites and services their citizens are using to cash out the coins. It might take a while but if they eventually look into it and see you have been cashing out bitcoins untaxed for the past five years you'll eventually be hit with a big tax bill and a lot of fines potentially even prison. Sure, it might not ever happen or they might not find you but that's a risk you have to decide whether you are willing to take. I would do yourself a favor though and actually find out the law regrading income taxes in your country because a lot of you seem to be just going on what other people are thinking is true.
Proton2233
Sr. Member
****
Offline Offline

Activity: 434
Merit: 252


View Profile
April 08, 2018, 09:18:33 AM
 #140

the you earn from the signature campaign has no tax. in my country i didnt pay any tax from my income in joing signature. if you are leaving the country that is very strick about taxes from bitcoin. then you have to pay tax.

Where have you heard this? Show me where in your countries tax code it says you don't have to pay taxes on crypto earned for services provided. You would be laughed at if you used this excuse in court if it ever came to it. Earning money but in bitcoin almost certainly does not excuse you from income taxes. If this was the case everyone would demand their income in crypto to avoid paying them. It just doesn't work like that as much as you and everyone here wishes. Seriously, do some reading on this or contact your local tax authority and ask them.



I didn't realize how many people think that you don't need to pay taxes for anything related to bitcoin, I'm now thinking about opening a thread just to inform people that they should. I mean that's why I even opened this thread, I know eventually they will have a way to check for these things and as I said, over the years the amount of money you can make even with signature campaigns only can be quite substantial specially if bitcoin goes up even higher.

You should do it. The majority of people who are commenting on this thread seem to be very, very naive or are just telling themselves what they want to hear. Most of them are probably kids to be honest but that isn't going to save themselves from getting in trouble. There seems to be two categories of people here: 1] Bitcoin isn't 'legal' yet so I don't need to pay and 2] They'll never know about it so I'll probably never get caught.

1] As I've explained before this doesn't matter. Your government probably hasn't legalized potatoes as a form of currency but if you get paid in them by the thousands and then when they ask you why you haven't paid taxes you say "well potatoes aren't a legal currency yet' it isn't going to be a valid excuse. If you get paid in potatoes, or anything else in exchange for goods or services that's still an income and you will still owe taxes. If this wasn't the case it would be a huge loophole that everyone would exploit. Instead of getting paid in cash people could just pay you in goods like phones, tablets, TVs etc. Imagine if you owned a shop and only accepted bitcoin as payment for your products. Do you think that would excuse you from paying taxes? Hell no.

2] Again, as I've explained, you might be able to completely fly under the radar forever so they might not ever find out, but you're going to have to live essentially as an outlaw with that money and if your balances don't add up or start to look suspicious you might have some explaining to do eventually. Earning a little bit of money here and there from campaigns probably won't be much of a risk but a lot of people especially from Asia seem to be doing signature campaigns full time and supporting their families through it. Your government will become aware of this at some point if they haven't already and start to look into the websites and services their citizens are using to cash out the coins. It might take a while but if they eventually look into it and see you have been cashing out bitcoins untaxed for the past five years you'll eventually be hit with a big tax bill and a lot of fines potentially even prison. Sure, it might not ever happen or they might not find you but that's a risk you have to decide whether you are willing to take. I would do yourself a favor though and actually find out the law regrading income taxes in your country because a lot of you seem to be just going on what other people are thinking is true.
There is a mistake in your reasoning. Bitcoin is not a recognized currency so income in bitcoins is not taxable. There is no official bitcoin exchange rate. In bitcoins, you can't pay either because the government doesn't have a bitcoin account. Tax liabilities come only after the exchange of bitcoins for Fiat.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!