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bikerleszno (OP)
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December 20, 2013, 09:45:41 PM |
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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  |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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theecoinomist
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December 20, 2013, 10:03:00 PM |
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It's just capital gains for all I know, but Norway (maybe Sweden as well?) require you to pay VAT when buying/selling
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empoweoqwj
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December 21, 2013, 03:57:38 AM |
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Thailand: basically illegal so no taxes to pay |
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KonstantinosM
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December 21, 2013, 04:52:04 AM |
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Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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jojo69
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Activity: 3150
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diamond-handed zealot
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December 21, 2013, 04:53:14 AM |
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no fiat no tax, simple as that
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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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hostmaster
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December 21, 2013, 05:44:38 AM |
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It's accepted as "not money" so no taxing possible i guess. We can pay as bitcoins if they need |
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empoweoqwj
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December 21, 2013, 07:44:14 AM |
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It's accepted as "not money" so no taxing possible i guess. We can pay as bitcoins if they need You have to specify the country. Different countries tax all kinds of things differently e.g. capital gains, inheritance |
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Swordsoffreedom
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Leading Crypto Sports Betting & Casino Platform
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December 21, 2013, 08:34:32 AM |
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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
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Ridicuss
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December 21, 2013, 12:38:03 PM |
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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. |
Man, I wish I could change my avatar!
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jojo69
Legendary
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diamond-handed zealot
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December 21, 2013, 05:51:49 PM |
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barter...tax?
ha ha
hahahaHAHAHAHAHAHAHAHAHAHAHA
lul...ahhh
you guys kill me
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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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sneeze
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Activity: 70
Merit: 10
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December 21, 2013, 08:42:22 PM |
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pikeadz
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December 22, 2013, 12:26:28 AM |
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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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Stultiloquy
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Activity: 56
Merit: 0
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December 22, 2013, 08:49:42 PM |
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Russia. Government doesn't know that such things like BTC exists.  |
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empoweoqwj
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December 23, 2013, 03:48:13 AM |
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Russia. Government doesn't know that such things like BTC exists. Bet my last BTC it does. They are just waiting for the "right time" .... |
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mgio
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December 23, 2013, 03:55:03 PM |
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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. |
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Merch
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December 23, 2013, 08:45:03 PM |
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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.. |
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empoweoqwj
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December 24, 2013, 03:53:31 AM |
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Anyone got details of the UK at the moment? Don't currently reside there but might well soon.
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User_513
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Merit: 10
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December 26, 2013, 11:57:52 PM |
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no fiat no tax, simple as that
+1000 |
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empoweoqwj
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December 27, 2013, 01:23:24 AM |
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no fiat no tax, simple as that
+1000 What, globally? |
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NewLiberty
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Gresham's Lawyer
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December 27, 2013, 02:38:53 PM |
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If your goal with this thread is to look for good regions for bitcoin businesses based on tax law you are probably looking at Cayman and UAE. http://en.wikipedia.org/wiki/List_of_countries_by_tax_ratesIf your goal is to get some tax advice from anonymous internet postings, just know that relying on it is probably not a good idea. If you pay for professional advice from an expert in your jurisdiction, at least you would have that to stand on, but "I read it on the internet" isn't going to be much use in a court. |
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