TAX of BTC in your country

[empoweoqwj]

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_rates

If 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.

You'd need to know the countries laws (if any) on bitcoin, not just tax law

Singapore would be a great bet at the moment. Very low taxes and just announced not interfering with bitcoin.

[Rannasha]

In the Netherlands, Bitcoin is classified no more than as "something with value". As a consequence, it's subject to capital and assets tax, which is based around the assumption of 4% capital gains per year, which is taxed at 30%. So you pay a flat 1.2% of any capital and assets you have over the threshold value (~20K for single people, ~40K for married couples / registered partnerships), regardless of whether you keep it as fiat in a 0% interest account or multiply your capital tenfold by holding bitcoins.

The tax amount due for 2013 is based on ones capital on the first of january of 2013, so the main Bitcoin-taxation won't come for another year, when the price on 1-1-2014 will determine how much you pay for 2014.

[NewLiberty]

In the Netherlands, Bitcoin is classified no more than as "something with value". As a consequence, it's subject to capital and assets tax, which is based around the assumption of 4% capital gains per year, which is taxed at 30%. So you pay a flat 1.2% of any capital and assets you have over the threshold value (~20K for single people, ~40K for married couples / registered partnerships), regardless of whether you keep it as fiat in a 0% interest account or multiply your capital tenfold by holding bitcoins.

The tax amount due for 2013 is based on ones capital on the first of january of 2013, so the main Bitcoin-taxation won't come for another year, when the price on 1-1-2014 will determine how much you pay for 2014.

There may also be reasons to "mark to market".  If one were on the board of an entity that received bitcoin donations and would like to stimulate the discussion among the board of what to do with it.

[black_swan]

Anyone got details of the UK at the moment? Don't currently reside there but might well soon.

I am also interested in UK, is it classified as capital gain here as well?
I found this article http://www.coindesk.com/bitcoin-uk-hmrc-suggests-bitcoins-taxable-vouchers/
but it doesn't explain anything for privates, only businesses