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Author Topic: TAX of BTC in your country  (Read 2354 times)
bikerleszno
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December 20, 2013, 09:45:41 PM
 #1

Hello guys !

Please write down where do you live and how is about taxes and law regulations in your country about e-currency like bitcoin.

Thanks for comments Smiley

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theecoinomist
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December 20, 2013, 10:03:00 PM
 #2

It's just capital gains for all I know, but Norway (maybe Sweden as well?) require you to pay VAT when buying/selling

empoweoqwj
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December 21, 2013, 03:57:38 AM
 #3

Thailand: basically illegal so no taxes to pay Smiley
KonstantinosM
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December 21, 2013, 04:52:04 AM
 #4

The US...

Who knows?

 Grin Grin Grin Grin
jojo69
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December 21, 2013, 04:53:14 AM
 #5

no fiat no tax, simple as that

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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December 21, 2013, 05:44:38 AM
 #6

It's accepted as "not money" so no taxing possible i guess. We can pay as bitcoins if they need Smiley
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December 21, 2013, 07:44:14 AM
 #7

It's accepted as "not money" so no taxing possible i guess. We can pay as bitcoins if they need Smiley

You have to specify the country. Different countries tax all kinds of things differently e.g. capital gains, inheritance
Swordsoffreedom
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December 21, 2013, 08:34:32 AM
 #8

Canada

Taxed on Income if you treat it like a business
Taxed on Capital Gains if its speculation
Taxed like Barter if you use it to trade for things

Full Coverage
Ridicuss
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December 21, 2013, 12:38:03 PM
 #9

Canada

Taxed on Income if you treat it like a business
Taxed on Capital Gains if its speculation
Taxed like Barter if you use it to trade for things

Full Coverage

Very similar if not exact in the US. Still finding out and learning, but this is what I have come up with from my accountant.

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December 21, 2013, 05:51:49 PM
 #10

barter...tax?

ha ha

hahahaHAHAHAHAHAHAHAHAHAHAHA

lul...ahhh

you guys kill me

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
sneeze
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December 21, 2013, 08:42:22 PM
 #11

Sweden here. We have no taxes for BTC. Yet.

Google translate this: http://skatterattsnamnden.se/skatterattsnamnden/forhandsbesked/2013/forhandsbesked2013/mervardesskatthandelmedbitcoins.5.46ae6b26141980f1e2d29d9.html
pikeadz
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December 22, 2013, 12:26:28 AM
 #12

USA.  Short term capital gains but it is a pain in the ass to track all of it down.  I am using FIFO method.
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December 22, 2013, 08:49:42 PM
 #13

Russia. Government doesn't know that such things like BTC exists.  Cheesy
empoweoqwj
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December 23, 2013, 03:48:13 AM
 #14

Russia. Government doesn't know that such things like BTC exists.  Cheesy

Bet my last BTC it does. They are just waiting for the "right time" ....
mgio
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December 23, 2013, 03:55:03 PM
 #15

barter...tax?

ha ha

hahahaHAHAHAHAHAHAHAHAHAHAHA

lul...ahhh

you guys kill me

We are talking about what is LEGAL, not what you can get away with. This is the legal forum, anyways.

It's one thing to claim that taxes on bitcoin aren't easily enforceable. It's another thing to say they aren't owed at all.

If you want to talk about your tricks for tax evasion, start your own thread.
Merch
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December 23, 2013, 08:45:03 PM
 #16


The scenario in that document is for person X which is to start a corporate business as an exchange, how does this affect the capital gains tax - not at all if you ask me.

So, Sweden

Looking like 30% in capital gains tax..
empoweoqwj
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December 24, 2013, 03:53:31 AM
 #17

Anyone got details of the UK at the moment? Don't currently reside there but might well soon.
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December 24, 2013, 05:58:19 AM
 #18

I am in the USA and am planning to declare as income all proceeds from selling Bitcoin this year.  using US form 1099-MISC

does anyone here know why that would not be sufficient??
User_513
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December 26, 2013, 11:57:52 PM
 #19

no fiat no tax, simple as that

+1000
empoweoqwj
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December 27, 2013, 01:23:24 AM
 #20

no fiat no tax, simple as that

+1000

What, globally?
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