Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: Do traders pay income taxes?
by
Ondre
on 22/09/2018, 13:16:26 UTC
⭐ Merited by Masongrae (1)
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?

I think it depends on what country you belong. In our country if you are registered as a company, then you are really expected to pay your taxes.
If you call it a personal business and register in the government, you pay tax.
If you’re trading independently but not registered as a worker, you don’t pay taxes in a sense you pay tax through your payment in exchangers where you exchanged your money.
As for me, if i will be taxed, I don’t have problem with it because I know it can help the economy of my nation.