Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: princessgirl on October 30, 2018, 01:40:39 AM
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Germany announced tax free for all crypto users. I don't know about other countries but tax are paid directly or indirectly by each one. Traders may not be charged taxes for their transactions but indirectly, they pay their quota of tax to the exchanges where the trading is done. These exchanges pay taxes directly or indirectly when making the final conversion from crypto to fiat.
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Once cryptocurrency be regulated for sure there will have tax for the crypto traders. In some countries cryptocurrency is forbidden due to severe famine and economic downfall. Tax helps the communities to have a better life if possible.
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I think every traders pay the tax but indirectly, even maybe feel not pay the tax because we just need pay for the gas fee and withdraw fee.
But why I say if they pay the tax indirectly? Because every exchange will pay the tax for their company, that like business tax into the related governments, and the exchange will charge the tax into the customers or traders by their gas fee of their withdraw fee and maybe not all customers or traders know about this, because the exchange have office and they not anonymous.
This is happen in my country, Indonesia and I don't know how about another country, maybe another members will reply by their knowledge about how the exchange at their country bellow. Thanks
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I think taxes for crypto traders maybe also done by the bracket and it will depend on how much you trade and what tier or class trAder are you.
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Yea,,, to regulate the Crypto community,, we need t pay taxes,, that is tax for trading, withdrawing and so on.
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It cannot be totally traced so they probably better for governments to not stress themselves trying to run after crypto tax evaders. It is on the traders or investors to decide to declare their earnings or not.
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Every country has different rules for crypto taxes that they have, if you read in more detail, you might see that each centralized exchange also has the same tax rules.
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In my opinion, the payment of taxes is very good, because we will increase the economy of the country, and in addition to the whole, the cryptocurrency will be officially allowed in many countries thanks to taxation, I am in favor of imposing taxes. 8)
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It's not easy for countries to check tax payment for crypto because many exchanges are decentralized so that there is no way to control them. So I think you can decide not to pay taxes for your capital gains until you change to FIAT if you want in a quite safe way
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Until now, crypto users in our country in Indonesia are free from taxes, I don't know yet whether other countries are the same as Indonesia, maybe in the future the government may set a mandatory tax payment for crypto users
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Germany announced tax free for all crypto users.
I do not think this "Germany announced tax free for all crypto users" is entirely correct, maybe crypto transactions but not the net gains or profits from crypto trading which falls under personal income taxes.
I don't know about other countries but tax are paid directly or indirectly by each one. Traders may not be charged taxes for their transactions but indirectly, they pay their quota of tax to the exchanges where the trading is done. These exchanges pay taxes directly or indirectly when making the final conversion from crypto to fiat.
Various exchanges accounts for their taxes and most probably pass it down to all users in the form of "fees".
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I think they don't pay tax to anyone, or maybe some exchanges that obtained license before operating as exchange do deduct tax from their users, otherwise I don't think so. maybe someone know more here.
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Yes, it is vital to pay tax due to countries more development. Crypto money from crypto traders is a big help to build more infrastructures to have a better industry but this will happen once it was implemented by the government.
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Most of these Crypto traders do not pay taxes and they are free to trade in this crypto world. Because Crypto uses Blockchain technology, which means that the Crypto system is decentralized, making people and users use this to be able to make transactions without using third parties like banks and not paying taxes.
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I am not sure if too many countries are cutting tax money from traders. As per my opinion, they should.
It means that countries and governments started to regulate this area since they want to earn money from crypto.
This way we would have clear head. I am willing to pay taxes if they do not touch me again.
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Germany announced tax free for all crypto users.
It is absolutely a great support from the government of Germany. The regulation for tax free will be very helpful for traders to earn more income. I think traders will be interested to develop their works in trading by giving tax free. I hope in my country, the government will have the same policy.
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Not. Crypto traders do not pay taxes. The government cannot supervise and provide regulations to pay taxes in conducting trade. Because Crypto is decentralized, so in conducting trade and transactions, no one can monitor it, including the government, the world of crypto is a free digital world, so it doesn't need tax.
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Actually, if we talk about crypto systems. Crypto is actually not able to be bound by taxes because it is indeed decentralized and relies more on Blockchain as its technology. So there is no story Crypto pays taxes for the government, because in Crypto we can be free in transactions, no need to pay taxes or all kinds of things.
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As this moment crypto trader will not pay tax because of misunderstanding about the rules which is be going to introduced of cryptocurrency but otherwise the government will not cooperate what they want and the exactly of percentage to be given in the government.
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Currently there is no tax paid when trading cryptocurrency. But subject to transaction fees that are immediately deducted when we buy or sell. Maybe one day it can be taxed if the government has made official regulations.
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This is one of the reason government has been trying to stop cryptocurrency to have life cause the tax is where they make the huge some to their centralized world, and I don't think it will be a good thing to pay tax when trading cryptocurrency but most of the centralized exchanges or even all need to pay tax to government of the region they are operating from.
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In Spain, 60 companies were asked to disclose data about cryptocurrency holders suspected of avoiding taxes.
The Spanish Tax Administration launched a campaign to find cryptocurrency owners who use this currency to avoid taxes and wash money obtained through illegal means.
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It's impossible for Crypto or crypto trading to pay taxes. Because the Crypto world is a decentralized world that uses the Blockchain system. So that with this system it cannot be arbitrary for the government to tax us. Basically, Crypto cannot be infiltrated by the government and the Bank and they cannot supervise our activities in it.
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Germany announced tax free for all crypto users. I don't know about other countries but tax are paid directly or indirectly by each one. Traders may not be charged taxes for their transactions but indirectly, they pay their quota of tax to the exchanges where the trading is done. These exchanges pay taxes directly or indirectly when making the final conversion from crypto to fiat.
This is not truth,trading with cryptocurrency is not tax free in germany.Only if you hold longer then 1 year you don´t need to pay taxes.Bountys and mining are not belong to that group of taxes but you still must pay it.
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Not. Crypto traders do not pay taxes. The government cannot supervise and provide regulations to pay taxes in conducting trade. Because Crypto is decentralized, so in conducting trade and transactions, no one can monitor it, including the government, the world of crypto is a free digital world, so it doesn't need tax.
So wrong.What you think how governments get their money?From taxes of course.And government like Germany´s not leave out this way to collect even more taxes.believe me,if cryptocurrency market grow even more then 1 billion$
it will not stay like it is now in germany.Now you can hold for 1 year and you don´t need to pay taxes,but later you will pay taxes for every panny you won.Just like they made it 20 years ago with stox trading,first it was 1 year holding tax free,now you need to hold for 12 years.
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Sounds crazy! Why I have to pay for every deal? I think that there`s only 1 way - pay tax when trader out money into cash.
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It's impossible for Crypto or crypto trading to pay taxes. Because the Crypto world is a decentralized world that uses the Blockchain system. So that with this system it cannot be arbitrary for the government to tax us. Basically, Crypto cannot be infiltrated by the government and the Bank and they cannot supervise our activities in it.
They can if they want to.More then 2% of Bitcoin was confiscated from the governments.Don´t feel so safe in this crypto world.
Btw,Binance is not decentralized and most exchanges are also centralized
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Until you keep crypto no tax is due to owners.
When you withdraw in fiat you have to pay taxes.
This is the case of Italy.
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In my country, there are no exact rules for cryptocurrencies, so at this time, traders pay no fee or tax for cryptocurrencies.
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Based on how the rule of cryptocurrency and bitcoin law at each country, many country still not allowed for using bitcoin and cryptocurrency as payment and no needed for paying taxes for government.
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The Crypto world is a decentralized world that uses the Blockchain system. So this system cannot be arbitrary for the government to burden us. Basically, Crypto cannot be infiltrated by the government and the Bank and they cannot supervise our activities in it. It is not possible for Crypto or crypto trading to pay taxes.
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as long as I invest in ico or crypto. never pay taxes bro. except when we want to log shipping transactions from Wallet one to another Wallet .
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I think every trader also pays taxes but that indirectly, maybe we feel we don't pay taxes because we only pay gas fees and withdrawal fees. why do I say if they pay taxes indirectly? Because every exchange will pay taxes for their company.
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every business will definitely pay taxes and in the cryptococurrancy world, we have every transaction, and we indirectly pay taxes
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In my country, cryptocurrency users have not been taxed because the government is still not recognized, but seveal people have use cryptocurrency.
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if in my opinion and from the experience that I have gained since joining and investing in the world of bitcoin. don't pay taxes bro. but we always pay transaction fees when we hear about shipping ..
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I think cryptocurrency does not have to be taxed and because it is not the authority of the government and cannot be detected by anyone, the recipient and sender cannot be known.
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It depends on the jurisdiction of every country as where it's trading is legal, you have to follow that country rule and if there are taxes on crypto trading then you have to pay taxes but every country have its own rules regarding cryptos and you have to go by them.
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I have not really seen where crypto traders pay tax, maybe it happens in some countries anyway.
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For me I don't think that payment of tax is necessary in cryptocurrency business because some countries and government have not adopted cryptocurrency there's no need to pay tax.
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Germany announced tax free for all crypto users. I don't know about other countries but tax are paid directly or indirectly by each one. Traders may not be charged taxes for their transactions but indirectly, they pay their quota of tax to the exchanges where the trading is done. These exchanges pay taxes directly or indirectly when making the final conversion from crypto to fiat.
Yeah, directly or indirectly there will be a payment of tax, and am sure that will be made by the exchange site, maybe when converting to fiat. Because every trader pays their transaction fees, through that, traders are paying their tax too, who knows...
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For me I don't think that payment of tax is necessary in cryptocurrency business because some countries and government have not adopted cryptocurrency there's no need to pay tax.
This is not the suggested approach.
Remember that is better pay taxes now and not pay more tomorrow.
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Yes I think the do pay Tax, but this tax can be paid by site exchange without it being known to us. Every business Men is expected to pay Tax.
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I think it will be good for us and good for goverments. When goverments start to earn some money from crypto they will push it more and also that tax and exchange issue will be better for us. If goverments handle that directly with exchange it can be easy for us. but i hope they dont want money from us if we rekted during bear.
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Because in my country, the existence of crypto has not been formalized automatically, tax has not been implemented So with that I try to make the best investment possible and continue to look for profits every time to help the economy get better.
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Once cryptocurrency be regulated for sure there will have tax for the crypto traders. In some countries cryptocurrency is forbidden due to severe famine and economic downfall. Tax helps the communities to have a better life if possible.
Yes It is true mate. When crypto currency be regulated , The government will take the taxes. Tax is income for the country.
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I think yes, some countries have regulations on crypto investment, I have crypto assets that are taxed when making withdrawals from crypto to fiat. If I am a holder, I think there is no tax.
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No. That is why government try to regulate crypto because in crypto the government canoot get tax on it. But pretty sure in the future the government will impose it.
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I think crypto traders don't pay taxes. Then what I know is with you, that traders cannot be taxed for transactions but indirectly, they pay their tax quota to the exchange where the trade is conducted. I think that is a natural thing, because the government will certainly do everything possible to legalize Crypto with certain conditions.
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If a trader crossing the taxable income slab then there is no harm in paying the tax.
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Yes cryptocurrencies traders pay tax on my local market although it is not directly paid by the traders, the market pay tax to government via fees transaction buy and sell on the exchangers. Some fees transaction will be paid for tax and the other for the market. If the market does not pay the tax its service will be stoped by the government, based on this procedure it is mean the traders pay tax.
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At the moment in Portugal, there is also no tax for crypto. Of course that if the exchanges are registered and legal, they'll pay tax at their registration country...
Seems to be a global division between governments that accept crypto and want to have profit with it (taxes), and countries that are against crypto...
In time I don't know about the taxes, I suppose that it will be natural to have taxes on crypto if everything becomes legal and organized, but I got thinking that with the developmnet in crypto, there might be less and less need of governments and taxes....
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Its a good news that germany announced tax free for all crypto users it will definitely helpful to increase the crypto users in germany. When many other countries will regulate the cryptos in their countries I think we all have to pay taxes on that according to country rules and regulation. We all indirectly pay taxes as transaction fee to the exchanges but I feel after regulations a new revolution in cryptos will take place and crypto will boom at high pace after that.
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I don't think that tax payments are needed in the cryptocurrency business because some countries and governments have not adopted cryptocurrency, there is no need to pay taxes.
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In my opinion, when many other countries will regulate cryptos in their country, we all have to pay taxes in accordance with state regulations and regulations. We all indirectly pay taxes as transaction fees to the stock exchange but I feel that after the new revolution rules in the cryptos will occur and crypto will explode at high speed after that.
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It depends on the laws and regulations that you have in your local area. Every country has its own rules regarding cryptocurrency. Many countries do not have clear regulations.