Have You Paid Tax On Bitcoin?

[Newchanka]

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/

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[kryptqnick]

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/

To be honest, I haven't. Bitcoin is not regulated in my country, so there's no legislation requiring to tax it. Although I got to say that in some other countries with a similar situation it's been presupposed that everyone has to pay the income tax. Then again, in my country, the tax is not progressive and is very high. But there's also something like a case when you necessarily have to pay taxes and when there's no such necessity (it depends on income, it's more serious if you earn $2k+ per month). I don't earn nearly as much as is taken seriously by the tax authorities, so I am not paying. Not to mention the level of corruption in my country, so I don't want my tax money to finance private jets of some dudes in power.
Until the matter is settled definitely in the legislation, I'm not paying.

[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.

[JeromeTash]

-snip-

My countries stand on cryptocurrencies is still not clear thou sometimes some Government official usually come out and say that people should avoid buying and using cryptocurrencies. They use the excuse of cryptos being so volatile and risky.

So, as far as i know, they even have no idea on how to tax cryptos as of now 
I have come across a couple of Bitcoin ATM but I have never used them. I prefer all my transactions, purchases and sales online and anonymous.

[pixie85]

I didn't pay anything but in Germany you can hold for a year and then sell tax free if that's what you want. I also prefer to hold so I'm probably selling €1k a year and spend it on little things gifts electronics. I buy one phone every 2-3 years and don't have much expensive stuff so even If I lived in a different country I would have such a low income from crypto that I wouldn't have to pay tax.

[khaled0111]

Thankfully in my country there is no clear legislations regarding the use of Bitcoin or any other cryptocurrency. Hence, I don't have to care about paying taxes. However, am not against it and won't mind paying my taxes if Bitcoin becomes regulated.

This website allows you to find ATMs near you:
https://coinatmradar.com/

[Artemis3]

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.

As far as i know, you are supposed to pay some sort of tax for "money brought to the country". This can only occur if you use a State approved exchange. I doubt many people use those, there is no need unless you want to get rid of Petros...

Because ATMs are physical, i suppose they are prone to State control. I don't see myself ever using one...

How exactly can you enforce Bitcoin taxation? Force people declare what their wallets are? What stops them from having hidden (undeclared) wallets?

Bitcoin is nowhere physically, and everywhere. It lives on each node, which there are several across the globe. It is not really crossing borders, and yet reaches everywhere. The old thinking just doesn't apply here.

Since its not really "in your jurisdiction", how exactly do you intend to enforce your laws to it?

Only way i can see some taxation going is, for example VAT. At purchase at a shop, and even there could be undeclared (hidden) wallets. Similar to people wanting to avoid taxation, they could forge the accounting book, etc. It would need to be investigated, which you can do a (physical) shop. And then you would also need to make sure your tax collectors are honest, and at the end you have a police state that can never ensure everyone is paying their taxes, but spend a lot trying to make sure they do (If only that money was used elsewhere...).

[star99]

Thankfully in my country there is no clear legislations regarding the use of Bitcoin or any other cryptocurrency. Hence, I don't have to care about paying taxes. However, am not against it and won't mind paying my taxes if Bitcoin becomes regulated.

This website allows you to find ATMs near you:
https://coinatmradar.com/

It seems you are from a Middle Eastern country. Is it hard to buy and sell bitcoins in the Middle East?

[boltz]

So far no as I haven't cashed out big amount of money from cryptocurrencies and I'm intending to do it in my home country as since this year they made taxable every cryptocurrency which made a lot of investors from Romania to go in Malta in order to cash out their money. Our Government is a bad one as our former prime-minister is in jail and the last one was demoted by the politicians ....so even if we have a lot of Bitcoin ATM's in the country, we just buy , we don't sell.

[rdluffy]

Not yet
In my country we are starting to have some kind of regulation, but we are not good
We have to declare to government that we have BTC, and it's in the general rule for taxes for now, but the government not yet come to a consensus about BTC and cryptos in general

[bitbunnny]

No, never. On Bitcoin itself tax is not being paid and transactions are still not under taxation. Maybe this is going to change in the future but so far there is no law about it. I think that majority of countries don't tax Bitcoin as a coin or asset, only Bitcoin transactions and in that I don't see a problem.

[Astvile]

Haven't experience paying tax on bitcoin incomes and using ATM's. There are some bitcoin ATM's here in my country but it is pretty far from where I live and I don't have that much time to go there and just to try it. On cashing out I only do microtransactions just couple hundred of dollars every time I cashout so I haven't pay any tax yet.

[AjithBtc]

I haven't made big earning out of bitcoin to pay taxes, even if I get to earn I won't be paying taxes. With what we pay governments are supposed to fulfill the needs of its people. I'm not at all satisfied with the government, in people's money only the politicians were enjoying good. Maybe in the future if things happen good I may pay tax on the bitcoin earning made out of different ways.

[hello_good_sir]

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/

In my country, the policy is quite strict - although since it is new here, a lot of people are able to getaway.

Pretty sure the way it works, is that it only gets taxed if you convert it into real currencies, and if you earn any BTC, and don't bother selling it for fiat, it's very easy for you to simply avoid taxation.

I don't think BTC ATMs are viable, mostly due to the 5 or so percent fee they charge, not the safest measure to be honest.

[rodel caling]

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/

If some country enforce bitcoin taxation is okay need to follow the rules of law because I still be
The we need always to follow the laws of every country and if that idea can we can use bitcoin for lega and we can use bitcoin with have freedom O agre that ideas.
But herein my country I didn't pay taxes derictly to the government I think the local online wallet they shoulder the taxes of their users came from the transactiin fees.

[GideonGono]

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/

In my country, we have a wallet which can do trading and stored some wallet which we can exchange it into fiat to withdraw from some ATM. They support the bitcoin production but the country didn't support or introduce crypto in the reason of they didnt agree that it can be the one solution to develop a country.

[The3max]

I have never seen any law regarding taxes on bitcoin. Here, traders trade tens of thousands of dollars a day with BTC, and they don't need to pay any taxes. The country cannot control BTC, with the anonymous network, I believe that there won't be much imposition on it!

[airdnasxela]

There's no much regulation nor strict policies in my country about cryptocurrency.  And there is no tax with crypto since just like I've said, the government isn't strict here. I don't pay taxes with crypto related transactions though I seldom use bitcoin to buy things here since it's hard to find merchants.
About bitcoin ATMs, I've heard that there's already ATM installed in my country but I have never seen one and I've always wanted to see amd try it out. I don't think there's a bitcoin ATM available here in my city

[tsaroz]

Not directly but there are taxes added up when you buy products and services. You could be paying taxes to the government while cashing out through banks.
The great thing about bitcoin and other crypto is you don't have to pay taxes for holding them or even while earning interest in various ways.

[Kyraishi]

Most of us, including me just simply don't have enough of it to be taxed, or for the government to be worried or care about it, most of the BTC I use slowly goes toward random gadgets I find on Amazon and then using the purse app to pay for it.

I do believe most countries will start caring about your money after you end up with a significant amount, but most people who just earn like 50 bucks a week (or 2,500 a year) will likely have no issues with it (unless their country has banned BTC).

[CryptoBry]

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.

Here in my country, the last time I know is that there are only two existing Bitcoin ATM somwhere but I am not updated if the operators are doing a good business with the machines. However, I am aware that since there are plans to add more, then maybe they are expecting a good market with this business. Honestly, I have not seen one and maybe I am not planning to use one since we can easily convert our Bitcoin here with a good local-based exchanger. As for the taxation side, the revenue collecting agency here is not yet that very strict with cryptocurrency business so we are at the liberty to declare our income or not but I am sure that legal cryptocurrency exchangers are paying taxes either based on the transactions or its income.

[mobnepal]

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/

In australia its pretty easy to deal with tax when you are earning crypto or trading it, you just have to pay normal income tax rate.

I have tried one bitcoin atm at melbourne central by auscoin but it keep on loading even after waiting for 15 min when i entered the code i have received on my phone.  
Later on i heard that auscoin was flagged as scam and under investigation for money laundering and drug trafficking.

[peter0425]

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/

haven't tried to use bitcoin ATM though there is one near my office,but i don't consider using as i can purchase in our local wallet directly.

paying taxes on bitcoin?not really as our country has not yet policy about taxation though what i believe is whenever i convert my bitcoin to fiat thru our local wallet is taxes was implied.

[Wintersoldier]

In my country, we have a wallet which can do trading and stored some wallet which we can exchange it into fiat to withdraw from some ATM. They support the bitcoin production but the country didn't support or introduce crypto in the reason of they didnt agree that it can be the one solution to develop a country.

We have the same case, in our country, we have our local exchange that supports trading platform known as coins pro, wherein it the main app can be connected to banking apps and other financial apps, basically, transactions in bitcoin and other cryptocurrency is so easy, you can withdraw in any ATM machine and at the same time, Cash in and buy bitcoin in any convenience or money transferring stores. I highly appreciate the tolerance that our government is providing, though they somehow lack in news support or plans how crypto and blockchain technology could be improved.

[barabarian1]

to be honest i have never used a bitcoin ATM and also paid taxes for bitcoin. because in my country there are no rules regarding the imposition of taxes on bitcoin. and also in my country prohibited from using bitcoin for payment. so I only use bitcoin for trading and investment. and for ATMs in my country there are already 3 bitcoin ATM machines spread across several cities. unfortunately I do not live in the city. so I have never tried making a withdrawal through a bitcoin ATM. but I heard there are some countries that will make regulations on tax collection on cryptocurrency one of which is the country of South Korea. In my opinion, it's not a problem that cryptocurrency is subject to tax, which is important, the amount of tax that must be paid is not too big.

[bounceback]

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/

To be honest in my country for now the government has not yet issued tax laws for bitcoin users and if later they have implemented it of course I will pay it because we live in a country of course we must obey the laws issued by our country for the convenience of our lives too, and so far I haven't used a bitcoin ATM but it seems interesting I will definitely try it next time.

[maydna]

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 don't pay tax for cryptocurrency since my government doesn't clarify if they accept cryptocurrency or not. Still, they only say that people must be careful if they want to invest in cryptocurrency. People need to learn first before they invest so they can know what the risk of crypto investing is.

I don't use Bitcoin ATM before, but I heard in some city there a Bitcoin ATM installed, but I don't know how many people have been used that machine. People who know cryptocurrency in here is not too many because many people still prefer to work with a real office, and have a monthly payment.

If my government issued the taxation for cryptocurrency, I think people will obey, and they will pay the tax. And if there are many Bitcoin ATM installed in many cities, I guess that will make people curious, and they will try to use the machine.

[Shasha80]

In my country for those who have cryptocurrency there is no order to pay taxes, maybe because it has not been fully legalized.
It's only under surveillance, so cryptocurrency is only used as digital assets. It's not allowed to used as a means of payment.
For bitcoin ATMs as far as I know there is no such thing, so I have never tried how it's like buying bitcoin from an ATM machine.
I always hope that in my country cryptocurrency can be legal right away, so crypto currency will adopted by merchants and shops.
So I can buy goods or pay bills with bitcoin.

[Asuspawer09]

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.

As far as i know, you are supposed to pay some sort of tax for "money brought to the country". This can only occur if you use a State approved exchange. I doubt many people use those, there is no need unless you want to get rid of Petros...

Because ATMs are physical, i suppose they are prone to State control. I don't see myself ever using one...

How exactly can you enforce Bitcoin taxation? Force people declare what their wallets are? What stops them from having hidden (undeclared) wallets?

Bitcoin is nowhere physically, and everywhere. It lives on each node, which there are several across the globe. It is not really crossing borders, and yet reaches everywhere. The old thinking just doesn't apply here.

Since its not really "in your jurisdiction", how exactly do you intend to enforce your laws to it?

Only way i can see some taxation going is, for example VAT. At purchase at a shop, and even there could be undeclared (hidden) wallets. Similar to people wanting to avoid taxation, they could forge the accounting book, etc. It would need to be investigated, which you can do a (physical) shop. And then you would also need to make sure your tax collectors are honest, and at the end you have a police state that can never ensure everyone is paying their taxes, but spend a lot trying to make sure they do (If only that money was used elsewhere...).

The government won't have any tax in bitcoin, it is just like the Internet the government cannot stop bitcoin but not in a direct way the government somehow gets tax in transactions.
We know that in a bitcoin wallet company we pay a transaction fee in every transaction and as a business, the company is the one going to pay taxes to the government so we still pay taxes but not directly.
Also, ATM or bitcoin ATM has a high fee nowadays so I think the tax was already added to the fee in every transaction.

[Colt81]

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.

As far as i know, you are supposed to pay some sort of tax for "money brought to the country". This can only occur if you use a State approved exchange. I doubt many people use those, there is no need unless you want to get rid of Petros...

Because ATMs are physical, i suppose they are prone to State control. I don't see myself ever using one...

How exactly can you enforce Bitcoin taxation? Force people declare what their wallets are? What stops them from having hidden (undeclared) wallets?

Bitcoin is nowhere physically, and everywhere. It lives on each node, which there are several across the globe. It is not really crossing borders, and yet reaches everywhere. The old thinking just doesn't apply here.

Since its not really "in your jurisdiction", how exactly do you intend to enforce your laws to it?

Only way i can see some taxation going is, for example VAT. At purchase at a shop, and even there could be undeclared (hidden) wallets. Similar to people wanting to avoid taxation, they could forge the accounting book, etc. It would need to be investigated, which you can do a (physical) shop. And then you would also need to make sure your tax collectors are honest, and at the end you have a police state that can never ensure everyone is paying their taxes, but spend a lot trying to make sure they do (If only that money was used elsewhere...).

The government won't have any tax in bitcoin, it is just like the Internet the government cannot stop bitcoin but not in a direct way the government somehow gets tax in transactions.
We know that in a bitcoin wallet company we pay a transaction fee in every transaction and as a business, the company is the one going to pay taxes to the government so we still pay taxes but not directly.
Also, ATM or bitcoin ATM has a high fee nowadays so I think the tax was already added to the fee in every transaction.

No i don't pay any tax from bitcoin because the government does not regulates bitcoin, that is why they don't have the rights to put taxes in cryptocurrencies. When converting our crypto into fiat and vice versa in crypto wallets it is required to pay fees, but i think those fees are not taxes because we only pay those fees for their services from using their wallet.

[TRONTON]

bitcoin atm in our country can only provide deposit mode, and transactions are just fees, I still think this is not part of the core tax. I am actually waiting for good news because the tax is a specific affirmation of the government's attitude towards crypto. There is still much that needs to be reexamined regarding income tax because bitcoin is not the same as fiat.

[Inkdatar]

I have heard there is bitcoin atm in my country but only a few and I haven't experience using it yet. Also in terms of of tax, I’m not paying it since in our country there are no regulations yet that required to pay taxes. Although we have the freedom to use crypto and when we do cash out we just use applications that allowed to do transactions and just pay fees for using their services.

[Murat]

Directly I Haven't given any tax because Bitcoin is not a legal currency in my territory, so I have to convert it into our local currency in this way I have given a lot of foreign currency, I believe that Bitcoin would be legal in our territory than obviously, I will pay tax because I know tax is one of the main element of government's income, not only that but also tax is the main indicator of the development, so our local governments should take this blockchain seriously because it's a potential platform for the future purpose and it might bring a lot of direct tax to their vault, not only that but also it will increase the speed of the development.

[Apes]

In My Place there are no rules about tax deductions from cryptocurrencies. And I hope it will continue like that, the reason is because if crypto users are taxed, I am afraid that the users will not multiply instead it will decrease. They will switch to choose other investments that are not taxed or have lower taxes. Currently users are charged for a transaction fee if they want to withdraw it in to cash. And i think that's normal.

[Daniel91]

I have not directly paid taxes on crypto earnings or bitcoin so far.
I actually paid taxes indirectly as I transferred btc funds to Paypal and from Paypal to my bank accunt.
I didn't report it as crypto earnings but as second income from abroad, Internet earnings because it was so much simpler and easier at that moment a few years ago.
Next time I withdraw my btc funds I will wait 2 years and prepare my FIFO records because in the official opinion of the tax office in my country, it's then viewed as a long-term investment and tax-exempt.

[angrybirdy]

In My Place there are no rules about tax deductions from cryptocurrencies. And I hope it will continue like that, the reason is because if crypto users are taxed, I am afraid that the users will not multiply instead it will decrease. They will switch to choose other investments that are not taxed or have lower taxes. Currently users are charged for a transaction fee if they want to withdraw it in to cash. And i think that's normal.

The same in our country, we don't need to pay tax and the only thing we pay is our income tax which is not applicable to bitcoin. If the government will apply tax, that would be fine for me as it is every individuals responsibility.
I don't think that the numbers of users will be divided if tax will be applied, I think this is not enough reason to forget about bitcoin.

[goaldigger]

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 government depends on taxes but so far there’s no law about collecting taxes on bitcoin earnings. If you declared it as your income, then the tax will impose and you have to pay it but still it will depend on you. ATM’s are just located in once place at my country, its not convenient right now to transact on atm machine so i didn’t try to do it.

[yazher]

In our country the government has not to ask taxes on bitcoin yet, as of now, they're just working to promote the use of digital money. so far, the result was good. since they worked on this promotion, from day 1, the rate has increased to more than 10%. Although this is looking good, I'm afraid that if they see that the rate has further increased after a few years from now, they will finally pass a law that will make you pay your taxes when using bitcoin or any other Altcoins.

[AbuBhakar]

In our country the government has not to ask taxes on bitcoin yet, as of now, they're just working to promote the use of digital money. so far, the result was good. since they worked on this promotion, from day 1, the rate has increased to more than 10%. Although this is looking good, I'm afraid that if they see that the rate has further increased after a few years from now, they will finally pass a law that will make you pay your taxes when using bitcoin or any other Altcoins.

Sooner when the government see how people adopts they might imply it when they néed additional sources of funds to use in politics, it will be a good chance to use crypto or buy since there no tax that will lessen our savings. Maybe those stores were accepting crypto in exchange of their stuffs in stores already have tax value which seems the same in paying tax.

[Kambal2000]

In our country the government has not to ask taxes on bitcoin yet, as of now, they're just working to promote the use of digital money. so far, the result was good. since they worked on this promotion, from day 1, the rate has increased to more than 10%. Although this is looking good, I'm afraid that if they see that the rate has further increased after a few years from now, they will finally pass a law that will make you pay your taxes when using bitcoin or any other Altcoins.

Sooner when the government see how people adopts they might imply it when they néed additional sources of funds to use in politics, it will be a good chance to use crypto or buy since there no tax that will lessen our savings. Maybe those stores were accepting crypto in exchange of their stuffs in stores already have tax value which seems the same in paying tax.

Yes so for now that our government is not that strict at the moment, so we are enjoying the fruits from our income that I am getting from campaign, trading and investing short term. Yeah, so far we are still paying tax in other way, as we are buying and paying for our goods and services which has value added tax on it, so in a little way we are still helping our country.

[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.

[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.