Quote from: Asuspawer09 on November 11, 2019, 04:18:17 PM

Quote from: agentx44 on November 10, 2019, 06:52:20 PM

Quote from: Daniel91 on November 10, 2019, 01:46:12 PM

I would like to hear about the situation with bitcoin and taxes in your countries.
I think it would be interesting to hear different experiences and compare results across countries.
Of course, I understand that in some countries you can't declare bitcoin tax.
I'm not interested in these countries but the ones where it is possible to declare and pay bitcoin tax.
I will start first.
In Croatia, several years ago we received clear instructions from the tax office on how to file a bitcoin tax.
In short, we must lead FIFO and if we can prove that we held btc funds more than 2 years, than we don't need to pay tax (long term investment).
If we have kept btc funds for less than 2 years, we pay 12 % tax plus surtax.
Can you share situation in your country?

Here in our country, the tax has been going up and down for the past few years because of the unstableness of the government. There was once recent issue that involves stealing the money of the people by those who are in authority. It was also evident here that not all of our tax goes to beneficial stuffs for everyone, some officials steal it and take it as an easy money. When it comes to bitcoin, the government is now silent about the use of it after what happened before where bitcoin was considered as a scam by those who are less knowledgeable about crypto.

In our country bitcoin basically don't pay any tax because as bitcoin transactions were made it is not controlled by the government so basically you could do every transaction anonymously and the government cannot put the tax in the transactions but it is just a transaction not like buying things in a store. But it all depends in the bitcoin wallet that your using the company that made the bitcoin wallet was the one who pays the tax in the government because they have a business and they are using bitcoin so it will make sense we do not directly pay in the government but we pay tax.

Of course that we in Croatia don't pay any tax on BTC transactions

No way that any government can control it.
After all, bitcoin is not official money in our country.
We pay tax in the moment when we exchange btc funds to fiat and withdraw to our bank account.
If we can prove with FIFO records that we have held these funds for at least 2 years then we do not pay taxes.
I hope it's more clear now.