Post
Topic
Board Legal
Re: Okay. Charge tax on bitcoin. Is this fair policy?
by
webtricks
on 20/01/2020, 09:05:01 UTC
I noticed that certain country may charge tax on earning from Bitcoin trading...

20% tax on it. I think this is quite ridiculous.

That means govt sees it as a lottery.

What do you guys think?

Why should government consider your Bitcoin earnings to be any different than other earnings? Here in India, government don't see profits earned from crypto trading as lottery. Rather it is considered as capital gains which can be short-term or long-term depending upon the time period. In my opinion, this is perfect treatment. The rates are also equivalent to capital gains rates. I created a detailed thread on this which is currently pinned in Indian section. It can be found here: https://bitcointalk.org/index.php?topic=5206607.0