Quote from: dive on November 02, 2015, 02:28:22 AM

Quote from: VirosaGITS on November 02, 2015, 01:40:17 AM

Quote from: dive on November 02, 2015, 01:38:05 AM

Quote from: VirosaGITS on November 01, 2015, 11:17:04 PM

No its not VAT. Vat is a Europe thing. That doesn't mean that rip off tax doesnt exist outside the Eurozone, what they call it does not matter. Brasil has a huge tax on sale of Bitcoin and it really kill the deal.

I'm not sure what you are referring to or what are your sources. Today there is no tax on sale of Bitcoin in Brazil.
There is capital gain taxes as part of regular income, but the purchase/sale of bitcoin is not taxed.

Quote from: VirosaGITS on November 01, 2015, 11:17:04 PM

So the BTC price in Brazil is 30% higher. So its really not nice... and that does not mean sellers get 30% more, sellers get about the same as selling here and the tax take the 30%.

I didn't say that. I said that local currency purchasing power was reduced by that much.
BTC USD .vs. BTC BRL (at the USD BRL Rate) has been stable around -1% to 5% difference.

So seller gets something around this much. The spread used to be much higher 6 months ago and 12 months ago.
Now it responds quite fast to whatever the rates are in USD.

Check the exchange rate on their exchange website. My friend was unable to get Bitcoin because the price was +30%. If you know a way to get bitcoin in Brazil at normal price, please let me know. We been looking for a while for a way.

Here you can check the price on all Brazilian exchanges: http://bitvalor.com

Right now available for sale at: R$ 1,240.00
Exchange rate now: = R$ 3.86
So, available for sale right now at USD 321.24
Bitstamp right now = USD 324.3
Bitfinex = USD 329.6

So... it's even cheaper.

If you sell BTC for 320, they need to pay huge tax since its considered an income. So he was not able to do it, since 30% was too much. If there are exchanges that just let you do it anonymously so you don,t need to declare it as taxable income, then sure. I gave him the link he'll check it out.

It would be legal from his side since he would be purchasing, not selling. On the other exchange, there was a tax added to the BTC price of 30%.