lotfipro
|
|
November 10, 2018, 09:26:48 PM |
|
It's very interesting question. It depends on where you live. If you live in country where crypto is not legalized, you don't need to pay anything to the government. But if crypto is legalized, you need to read laws about it.
|
|
|
|
valnd
Member
Offline
Activity: 406
Merit: 11
Until the end of time
|
|
November 10, 2018, 10:20:00 PM |
|
It depends on country you are from, some countries like united states pays taxes for trading cryptos because of other countries like in the third world countries, they don't pay taxes for trading cryptos.
|
|
|
|
|
Bobby park
Member
Offline
Activity: 546
Merit: 24
|
|
November 10, 2018, 10:34:12 PM |
|
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
I don't think we need to pay taxes in trading. But actually, we pay tax indirectly. By paying a transaction fee everytime we withdraw or deposit is our tax however, it is not called as income tax rather a corporate tax. This is the goodness of cryptocurrency because even if we will not pay tax, we receive our money fully.
|
|
|
|
RockBar0
Member
Offline
Activity: 350
Merit: 10
|
|
November 10, 2018, 10:39:37 PM |
|
I have been involved in this market for a long time, but I do not see anyone paying taxes on electronic money, so it is very difficult for the state to manage these sources of income. They are also quite difficult
|
|
|
|
bitcoinmar
|
|
November 10, 2018, 10:42:29 PM |
|
I remember that some of my friends in the US had to pay taxestaxes when they made a profit. And they are not shared that the coin should be bought, because if they share they will be punished by law. However, in my country, the trader still does not have to pay that fee, and I think it is bad if the trader has to pay taxes
|
|
|
|
TastyChillySauce00
Legendary
Offline
Activity: 3024
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
|
|
November 10, 2018, 10:47:44 PM |
|
I remember that some of my friends in the US had to pay taxestaxes when they made a profit. And they are not shared that the coin should be bought, because if they share they will be punished by law. However, in my country, the trader still does not have to pay that fee, and I think it is bad if the trader has to pay taxes
Every accumulated wealth that adds to your overall value will be taxed no matter what, such thing is what most of the government do. Many people may see that as the most inconvenience thing especially if you live in a 3rd world country when you can't get the real benefit of being tax payer but well, that's life.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
WillyZ
Copper Member
Jr. Member
Offline
Activity: 143
Merit: 1
Crypto24Radio.com ❤️
|
|
November 12, 2018, 09:35:17 AM |
|
That's brutal. Time to declare bankruptcy?
|
❤️❤️❤️❤️❤️ www.crypto24radio.com ❤️❤️❤️❤️❤️ ☀️☀️☀️ Best Crypto Radio out there - All crypto, all blockchain, all the time 24/7 ☀️☀️☀️
|
|
|
kiansantan
Member
Offline
Activity: 504
Merit: 10
|
|
November 12, 2018, 09:37:21 AM |
|
I don't see anyone paying taxes on electronic money, so it is very difficult for the state to manage this source of income. I have been involved in this market for a long time. And I have never been taxed on me.
|
|
|
|
bedford1972
Jr. Member
Offline
Activity: 266
Merit: 2
|
|
November 12, 2018, 09:50:34 AM |
|
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
It is good that in my country there is no mandatory taxation on such activities. However, earning in this market, you will still give a small percentage of different actions. Interest will be charged for trading on exchanges, transactions between accounts and conversion to Fiat money. If you live in a country loyal to such activities, then you are very lucky)) the Deduction from your earnings will be limited only to these small percentages
|
QUARKCHAIN - Blockchain Sharding Technology IS A FLEXIBLE, SCALABLE, AND USER-ORIENTED BLOCKCHAIN INFRASTRUCTURE. (https://quarkchain.io)
|
|
|
Bitknick
Jr. Member
Offline
Activity: 406
Merit: 1
|
|
November 12, 2018, 09:51:30 AM |
|
As far as I know, everything depends on the country in which you live, but so far I have not met among my acquaintances those who have focused on this problem!
|
|
|
|
anisoptera
Member
Offline
Activity: 308
Merit: 10
|
|
November 12, 2018, 11:36:09 AM |
|
In Latvia, (that's where i'm from) I need to pay capital gain tax as a self-employed person form my earnings from trading. But as I know it depends on the country where you live, because some countries don't tax financial trading operations.
|
|
|
|
vendy86
|
|
November 12, 2018, 11:49:54 AM |
|
there is no regulation about cryptocurrency tax in my country, so I don't pay tax at all so far. But in my opinion, it's a little bit hard to charge tax from cryptocurrency trading since its almost anonymous at dex exchange. The best way is charge tax at the centralized exchange. So Government doesn't need to chase every crypto holder. They just need to collect tax every year from the exchange.
|
|
|
|
xOdiumNostrumx
|
|
November 12, 2018, 12:03:20 PM |
|
Dont screw around with taxes if you are from USA as you can rapidly find yourself in some IRS dungeon getting waterboarded. No but seriously, I am mostly holding so I am not that worried about it, especially because those crypto terms are still not firmly established in our country.
|
|
|
|
shaheer001
|
|
November 12, 2018, 12:41:59 PM |
|
As individual in crypto trading you don't need any tax payment but in fiat money trading you may pay your tax though your banking system and if you open your own company you will also go it to register and ultimately you will pay it.
|
|
|
|
Zythiphill
Jr. Member
Offline
Activity: 308
Merit: 1
Free Crypto in Stake.com Telegram t.me/StakeCasino
|
|
November 12, 2018, 09:48:01 PM |
|
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
Well I have friends who pay taxes I do not understand why, I for example do not pay , and I do not see the point in this, I use all the services paid for this better I will save the money for this
|
◣ Stake.com ◥ « Stake 2 - Play Smarter » 12+ Gamemodes | Provably Fair | Daily Giveaways
|
|
|
viktoriya1945
|
|
November 13, 2018, 08:08:47 AM |
|
I think that with a good lawyer, he will easily challenge this in court, there can be no such the law under which the investor is obliged to fix profit in the reporting period, because it would collapse all the markets.
|
|
|
|
honghe99
Member
Offline
Activity: 406
Merit: 10
Buy, sell and store real cryptocurrencies
|
|
November 13, 2018, 08:14:55 AM |
|
Because countries have different policies and different tax forms, most exchanges need to pay taxes to the local government. This is the company's income tax!
|
|
|
|
wareck
Member
Offline
Activity: 238
Merit: 10
|
|
November 13, 2018, 09:40:07 AM |
|
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
I would gladly prefer to pay fixed income taxes. But, unfortunately, while in my country it is not even foreseen the legalization of cryptocurrency in the near future. Therefore, there is not even a legal opportunity to legally formalize such activities in order to ensure the payment of taxes.
|
|
|
|
|