Have You Paid Tax On Bitcoin?

[darkangel11]

I didn't pay anything and I'm not going to. Taxes aren't different from theft they are only named differently.

I have the advantage of living in a country that doesn't care if I hold Bitcoins or not but when they demand it, because it's not if but when' I'm not going to pay anyway. I don't use exchanges with KYC for that purpose. To be able to hide in future when Bitcoins are worth over 100k USD. Greedy governments won't let such opportunity go by.

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[Darker45]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

I am not and will not pay taxes on my individual crypto earnings. Well, my country does not have anything in place regarding cryptocurrency taxation as far as individual tax payers are concerned so there is nothing that governs it really. The Bureau of Internal Revenue (BIR), the main government agency tasked to collect taxes, is not implementing anything about individual cryptocurrency income because there is no particular law or policy that is crafted to rule on this particular matter. With this, everything is vague for now. When it comes to individual spending in crypto I guess all the goods and services here are already valued with tax included.

[Gotumoot]

No, because our government has no solution to tax bitcoin holders in my country. And they can only tax us if we voluntarily declare or use non-custodial wallets approved by our bank central, as they can determine where we got this amount and whether it was already taxed. .

[coin-investor]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

Our Country hasn't released a taxation policy but depending on the income we are expected to pay 20% to 35%, that is if taxpayer is honest enough to include what he has been making in Crypto trading, I have a job and I still haven't included that in my tax report yet, but once they release a policy, all Crypto holders in our country will be obliged to do this and that includes me and about your question on ATM no I haven't used one yer although we have at least 5 in our city, I am more convenient in using our online local exchange than an ATM..

[Meowth05]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

Fortunately, our government has no action yet regarding this issue so I can freely make a transaction without charging a tax on it. Bitcoin is not legal neither illegal in our place that is why no taxation issued here, however, we have no Bitcoin ATM so you should convert it into fiat online just to spend this one. I'd love to have Bitcoin ATM and being accepted in a physical store as well because this would be convenient for me though.

[Ludmilla_rose1995]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

I have never used a Bitcoin ATM before. ATMs in my country only exist in one city and are located very far from where I live. For bitcoin taxes, I don't pay it, because bitcoin in my country does not have legal regulations. Even the government in my country recommends not buying bitcoin because of fluctuating prices and high volatility.

[lionheart78]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

Bitcoin ATM is kinda rare in the Philippines and it is far from where I am living so I do not have a chance to use it yet though I am looking forward to at least try using it.  With regards to Bitcoin taxation, there is no clear regulation regarding cryptocurrency taxation though I consulted it to a lawyer and told me that should be implemented once Bitcoin is converted to cash.

[Mike Mayor]

No. And I never will. Such things are against the ideology of bitcoin and against my own personal morals. The entire reason you use bitcoin was that you get control of what is actually meant to be yours and is no one else's business. I enjoy privacy. How I make my living and how much I make has nothing to do with anyone but me. I am totally against the government knowing exactly what you do and how much you make.
Such surveillance reminds me of a police state and makes me think of America. I am so glad I do not live in the USA with all their insanity.

[ice098]

Our Country hasn't released a taxation policy but depending on the income we are expected to pay 20% to 35%, that is if taxpayer is honest enough to include what he has been making in Crypto trading, I have a job and I still haven't included that in my tax report yet, but once they release a policy, all Crypto holders in our country will be obliged to do this and that includes me and about your question on ATM no I haven't used one yer although we have at least 5 in our city, I am more convenient in using our online local exchange than an ATM..

Yes its true, here in my country there is not tax regarding any cryptocurrency, because if government started to put taxes on it , it means that they already legalizes it and regulized it, when I convert it in fiat that is only the time that taxes affected my income. But in terms of bitcoin I didnt have any payment to it.

[TheGreatPython]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

I am really waiting for that time that I will be seeing bitcoin atm in my own country which I think it would be impossible for now because the government does not even understand cryptocurrency for them to even be thinking of having the atm approved and before you can install anything of such, it must be with the approval of the central bank.

For central bank to approve such a thing, it means they must have been fully aware of the use of the cryptocurrency and even its benefit to them and to the community, but for now, the few ones that knows about cryptocurrency is seeing it as Ponzi scheme because when it first became popular, people were only interested in it because they learnt that it can make their little one to really double in a shirt term.

[milewilda]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

So far after all these years i havent experienced on getting taxed with my crypto earnings yet government is still neutral in regards with crypto.

They dont still consider nor being strict to implement taxation on crypto earnings but i would expect that anytime soon it would really be implied.
About BTC ATM's they are mostly being placed on the capital city of my country which is way too far on where do i live.So i havent experienced
on using up that machined but hopefully i would able to do so one day.

[algcool]

I come from China, we dont need to pay the tax about the bitcoin.

When we need to buy or sell bitcoin, we trade in huobi webiste.

[qwertyup23]

What is your country's policy on taxation on cryptocurrency? Secondly, have you used Bitcoin ATM before? I heard about Bitcoin ATM when they installed them at the Melbourne airport. Please share your experience on BTC ATM and taxation. https://www.cryptoinfowatch.com/irs-looking-at-tax-issues-linked-with-bitcoin/

According to my colleague who interviewed the lawyer in Bangko Sentral ng Pilipinas (Central Bank), bitcoin proceeds should be categorized as 'other income' as stated in our laws and should reflect on our taxes. This should be limited to BTCs earned during mining or investing but this rule has been leniently enforced as I have never seen anyone paid taxes due to earning BTCs.

The only problem that I saw in the country revolves around a direct deposit of our earnings in BTC to the bank as they will question the origin of such. If you tell them that it came from your investments in BTCs, they would doubt the origin and potentially question the said amount.

[Firecold4]

In my country Indonesia does not have bitcoin taxation because illegal bitcoin in my country is prohibited from being used for payments.  As for the bitcoin atm I have never tried it but in Bali there is 1 bitcoin atm in the recreation center

[gentlemand]

I haven't spent or sold enough of it to be taxable. In the UK it's 20% capital gains above a certain level. If that goes up then I might consider buggering off as that's a sufficient amount. I will pay it wherever I end up for the sake of a quiet life.

The main opposition party in the upcoming election revealed today they're looking to raise capital gains to 40%. They're a ludicrous bunch of commies so will never win but if they did I think that would be enough to get me to take my business elsewhere.