Crypto tax in your country: what do you think?

[MrSpasybo]

So far, we have always wanted crypto to be officially recognized because it will have positive effects such as:
+New projects related to blockchain & crypto are allowed to exist;
+Start-ups can raise capital more easily;
+ Crypto community will grow more.

However, every right comes with a responsibility. Crypto is tied to a crypto tax. Some countries like the US and South Korea have taxed crypto profits. The tax is quite high: 20-30%.

This creates great pressure on crypto community, even though the profits from crypto are quite large. Vietnam has not yet accepted crypto, so Vietnamese crypto community is not obligated to pay taxes on crypto profits. Many community members want this to continue as they can save millions of dollars each year.

What do you think about this? Do you want officially accepted crypto in your country or want to avoid crypto tax obligations?

[Hope4life]

Legalizing cryptocurrency in a country will facilitate public access to interact with crypto assets and it will provide legal protection for people using legal exchangers. I think the tax collection shouldn't be more than 10% because it is too big and will reduce people's interest in trading or investing in cryptocurrency.

[Evgenklm]

in any case, I am sure that sooner or later we will come to the same opinion with regulation, and the authorities of the countries themselves understand that the cryptocurrency market is developing at a huge pace and it is necessary to make compromises, any state wants control over any cash flows, so we will come to this in the end.

[Review Master]

What do you think about this? Do you want officially accepted crypto in your country or want to avoid crypto tax obligations?

I would love to pay crypto tax, but not 20-30% which is ridiculious and it would be better not to adopt on my country because new users will left this market at the beginning when they'll know about this type of high crypto tax. So crypto tax needs to be at that rate which will be win-win situation for both crypto users and country. I would say that max 10% is great for all because it would effect on those new users and more adoption will be done in this space.

[Mas Bro]

If the government legalizes cryptocurrency in my country, I will be very happy even if I have to pay taxes. But if the tax to be paid is 20% -30% that is very high. There must be a lot of crypto users who come out and that can reduce people's interest in investing and trading in cryptocurrency. It is recommended that taxpayers are not more than 5%.

[masterrex]

So far, we have always wanted crypto to be officially recognized because it will have positive effects such as:
+New projects related to blockchain & crypto are allowed to exist;
+Start-ups can raise capital more easily;
+ Crypto community will grow more.

However, every right comes with a responsibility. Crypto is tied to a crypto tax. Some countries like the US and South Korea have taxed crypto profits. The tax is quite high: 20-30%.

This creates great pressure on crypto community, even though the profits from crypto are quite large. Vietnam has not yet accepted crypto, so Vietnamese crypto community is not obligated to pay taxes on crypto profits. Many community members want this to continue as they can save millions of dollars each year.

What do you think about this? Do you want officially accepted crypto in your country or want to avoid crypto tax obligations?

In my country, cryptocurrency use was regulated by the central bank but in terms of taxes, I don't think it was yet implemented because the crypto-related businesses have placed inside the "special ecozone" that's why I can say that there is a different situation inside the special ecozone compare to outside zone but base on my experience I was not taxed yet and hope it will continue further. 

[gabbie2010]

In my country cryptocurrency enthusiasts are ready to pay tax but the government had ban all form of crypto related stuffs and the central bank is not ready to adopt and regulate cryptocurrencies, I believed government would have made huge amount of income in form of revenue from taxing cryptocurrencies trading, the government is afraid of adopting it because the fear in the central bank  is that they might not have a total regulation of it.

[babu10]

Yes, i also think crypto should accepted officially to my country because i love my country. First we have to think how a county run? Vat, tax, revenue, etc are the source of earning money So that a county develop in different sector. So when  do not accepted officially, govt lost his earnings and country also suffer. But when it will run officially everybody will give tax and trading will also more as its legally. So i always believe in official acceptance.

[Dora Walletinvestor]

In my country crypto taxes are determined on a case-by-case basis, there is no official regulation as to what percentage is generally taxed. It is quite a hassle to get these taxes filed. But taxes here are generally very high, you pay over 30% percent tax after your income as an employee (even on minimum wage).

[trauchot]

Unfortunately, all these cryptocurrency taxes are made for only one reason, and everyone knows this reason and therefore, of course, I am against any taxes on cryptocurrencies, but unfortunately, my opinion and the opinion of other people do not care any government and therefore taxes on cryptocurrencies have already been imposed in most countries and this is very bad for people, but its very good for any government.

[piqulhdt28]

Of course it would be great if crypto was legal in some countries, but not paying 20% ​​-30% tax on all crypto profits? I think this is a very ridiculous thing, it looks like the government is blackmailing crypto investors in the US and South Korea.

[Freemind]

For me that cryptocurrencies have their own tax legislation would be very positive. It would be a very good way to avoid many scams or, failing that, they could be prosecuted legally. The problem is that each country will logically have its own law, but there are still many countries (like mine) in which, although there are laws, they are still not entirely clear to citizens, and that always makes us doubt. I also believe that taxes should be incremental.

[Carbitcoin]

I believe that the main task of the government is to control the turnover of cryptocurrency, And already the second question, taxation. first of all, the government begins to fight against funds obtained illegally, or which finances criminal activities.

[KryptoBull]

The truth is Vietnamese community already has many millionaires from crypto and no one wants to pay 20-30% of that to the state, so we don't want crypto to be accepted in Vietnam either. Profits are more important than legal issues, because crypto is not yet recognized but it is not illegal if it is not used to pay instead of fiat.

[Freemind]

The truth is Vietnamese community already has many millionaires from crypto and no one wants to pay 20-30% of that to the state, so we don't want crypto to be accepted in Vietnam either. Profits are more important than legal issues, because crypto is not yet recognized but it is not illegal if it is not used to pay instead of fiat.

I understand what you are saying, but over the years, if the government decides to make laws and legislate on cryptocurrencies, it could pose a problem for those people who have more money in cryptocurrencies. And I guess it's a matter of time before they start creating those laws.