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Author Topic: Info on Tax laws for crypto in your country  (Read 70 times)
Cointrace
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October 22, 2018, 03:34:10 PM
Last edit: November 01, 2018, 01:20:35 PM by Cointrace
 #1

put together a free guide and introduction to blockchain, it's a working progress and has kept me busy this year while the market corrects.

www.Cryptonix.co.uk

Interested in adding more information covering taxs and could use some help please so users have a place where all the tax info is? Make my site slightly unique from the rest and offer something not available..

If you could post information on tax laws in your country it will save me allot of time searching etc Have briefly explained the tax laws for U.K and Germany through
videos on a Youtube channel associated with my website. The videos are time consuming, trying not to commit to much to the service since i'm not generating any revenue from it so any help would go a long a way plus i'm sure many will benefit from knowing this and will help towards giving my site a complete feel for beginner.

Same time please feel free to look around and let me know your thoughts, opinions. Any suggestions welcome, once again not generating any revenue, was relying on Facebooks platform to advertise however have not been granted a license even if the nature of my service is purely for informational and educational purposes so don't want to invest to much..lets see.

Spread the word and help me raise awareness too...

Simply requesting a brief summary of the tax laws in your country with a simply calculation if not much trouble for high earner or low income earners

I'm after these nations in particular - China, Russia, Korea, Japan, US and any European, African nations - Links for reference will help too

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Cointrace
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November 01, 2018, 01:17:06 PM
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Understand tax laws will be updated along the way, accordingly and have plans to update the site so rest assured your work or efforts will not be in vain.

One man army here so any support from you guys will go a long way..
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November 01, 2018, 02:09:03 PM
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If you could post information on tax laws in your country it will save me allot of time searching etc Have briefly explained the tax laws for U.K and Germany through

so you want others to write your book.   Why others will do it; I am unable to understand. 

even if someone writes I advise you not to include it because you must provide authentic reports only.  Others if provide materials based on false information then what will you  do?  You are just going to add.

Collect correct and authentic information and write yourself.

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November 01, 2018, 02:22:30 PM
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in my country crypto is strictly prohibited so the law that regulates crypto is not implemented.
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November 01, 2018, 02:37:42 PM
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The Philippines has quite a neutral stance on cryptocurrencies. It hasn't issued any formal regulations regarding taxation but it sure has issued a circular regarding cryptocurrencies as investments and/or assets that can be used as a vehicle for fraud etc. Before signing up in an exchange here, you must fill up a KYC form that states your source of funds for your account--which is quite a bummer IMO--in order to have your account verified. Perhaps the Philippines is already conditioning the users about their plans to tax crypto gains since they are slowly making a move starting from regulations and stricter KYC.




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November 01, 2018, 02:39:12 PM
 #6

I really don't care about tax. That is the beauty of anonymity. I think that day we start to pay tax we can consider like first day of the end of Bitcoin. Just be creative. You have Bitcoin ATM around the world. Simple. Use DEX, local and Bitcoin ATM
Cointrace
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November 02, 2018, 02:07:59 PM
 #7

The Philippines has quite a neutral stance on cryptocurrencies. It hasn't issued any formal regulations regarding taxation but it sure has issued a circular regarding cryptocurrencies as investments and/or assets that can be used as a vehicle for fraud etc. Before signing up in an exchange here, you must fill up a KYC form that states your source of funds for your account--which is quite a bummer IMO--in order to have your account verified. Perhaps the Philippines is already conditioning the users about their plans to tax crypto gains since they are slowly making a move starting from regulations and stricter KYC.

Interesting, thanks for sharing that. Wouldn't be surprised either if gains are taxed. Taking into mind what you said, could also be a way to attracts more users right, most nations taking different approaches however the goal looks similar, get everyone onboard slowly but surely.
Anyway i'll make sure it's included on the site and will also look into tax laws in your area while i'm at it.  Website will be update for your guys this weekend, if theirs anything else you feel  worth mentioning please let me know, welcome to PM.  



If you could post information on tax laws in your country it will save me allot of time searching etc Have briefly explained the tax laws for U.K and Germany through

so you want others to write your book.   Why others will do it; I am unable to understand.  

even if someone writes I advise you not to include it because you must provide authentic reports only.  Others if provide materials based on false information then what will you  do?  You are just going to add.

Collect correct and authentic information and write yourself.

Sure, that's Understandable.  Made it clear only brief outlines were requested, maybe could have explained more on how everything will be double checked, although thought it would have been obvious. Wouldn't make sense to put all this effort into something only to compromise on quality later.


Appreciate your concern, Rest assured anything mentioned will be looked into which is why links were also asked for so any information could be verified later,

I really don't care about tax. That is the beauty of anonymity. I think that day we start to pay tax we can consider like first day of the end of Bitcoin. Just be creative. You have Bitcoin ATM around the world. Simple. Use DEX, local and Bitcoin ATM

Couldn't help but smile reading your comment. As mentioned only reason for adding the informations is to give the website a complete feel for beginners, with transparency when entering the market. How they choose to apply it is out of my control. Understand the complications however have no intentions of encouraging others to go against their local laws. Sure you can understand..


in my country crypto is strictly prohibited so the law that regulates crypto is not implemented.

Gives me an idea, I'll also state which countries haven't yet implemented laws so users are aware.



Anyway thanks for the input. The market clearly needs time to mature, i'll just add links to sources of information for now before things settle. Once we have some certainty i'l begin working on videos etc
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