Quote from: deisik on June 13, 2017, 07:37:54 PM

Quote from: Wendigo on June 13, 2017, 06:40:42 PM

Quote from: deisik on June 13, 2017, 05:03:29 PM

Quote from: freigeist on June 13, 2017, 03:37:30 PM

Quote from: mantra on June 07, 2017, 02:41:51 AM

Singapore is the best choice if you want to live comfortable, tax free and very friendly to the immigrants, but of course you have to have money for life, good security and stability, and lots of entertainment there

What you mean by tax free?!
If you convert BTC or any other ctypto to FIAT you don't need to pay taxes there or what?!

Quote from: freigeist on June 13, 2017, 03:34:40 PM

Quote from: ladydark on June 07, 2017, 06:44:47 AM

I heard that switzerland has become a bitcoin friendly country.So you could settle there as its full of tourist spots.Or else,you could try an european country which provides tax exemption for bitcoins.

Which one would that be?!
Once you convert BTC or any crypto fo FIAT you need to pay the TAX

You seem to be obsessed with taxes

Or should I actually write TAXES? What taxes do you refer to exactly? In many jurisdictions, you may not need to pay taxes on selling bitcoins, especially if bitcoins are not regulated there (just in case, it doesn't mean that Bitcoin is illegal in that jurisdiction). If it is not regulated, you can safely assume it as being your property, and property may not be taxed if you possessed it for some time (say, 3 years). In practice, you move your coins to a reputable exchange, convert them to fiat (dollars or euro), and withdraw the proceeds to your bank account. And that's pretty much all there's to it

Regulated or not, you have to pay taxes after having sold Bitcoin for local currency. I have personally looked into this matter when I was going to sell coins and withdraw to my bank account and yes I have to include Bitcoin in my income tax form. I think Bitcoin is subject to Capital Gains Tax but I am not an expert on this. However I am 101% positive that you have to pay tax when selling for local currency

I can tell you with certainty that this is not a universal practice

In some jurisdictions profits earned on currency exchange operations are not taxable, and its official. Further, if Bitcoin is treated like property (or property rights), you may look for tax exemption. Again, in many jurisdictions if you held some property for longer than one year (in some parts of the world longer than three years on expensive items like houses or apartments), you don't have to pay a capital gains tax. Technically, you still have to pay it but you receive a tax deduction which equals the price at which you sold this property, so effectively you don't pay this tax

Quote from: Wendigo on June 13, 2017, 06:40:42 PM

If you have been selling Bitcoin and haven't reported anything to the tax agency I would suggest consulting a tax attorney or something before landing yourself in hot water

I don't need that. My tax service officially declared that they have nothing to do with Bitcoin

Which jurisdictions are that? Bitcoin is not regulated here but I found out that it is taxable because they added an addendum to the tax law for Bitcoin particularly and that change wasn't officially declared either.