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Showing 2 of 2 results by aleeis
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Topic
Board Legal
Re: Declaring profits in the European Union
by
aleeis
on 29/12/2017, 02:52:26 UTC
It is funny to see this. We must understand what the taxes for using BTC is?

There are always taxes if you have a profit, no matter if the profit comes from a an exchange of Bitcoin to Euro, gold, a tomato or a bet in Bwin. So that's the reason of my question. If you're a EU citizen or resident and have done this, it would be helpful to share your experience.

Thanks!
I'm resident, but this is new experience for me too. I see here great misunderstanding close to the nature of the taxes. It is time to remaind about the reasons of every taxes we must pay. We need to get  more strongly definitions of the most important conceptions: "profit", "taxable trade", "VAT",  and so on... At a moment I do not know any string in the EU income declarations with strictly specific rule about mining cryptocurrency as a profitable, taxable business. There are a lot of the game online with similar actions... this is problem to sort it and create logical concept for the cryptocurrencies make taxable.
Thank you.
Post
Topic
Board Legal
Re: Declaring profits in the European Union
by
aleeis
on 28/12/2017, 17:49:06 UTC
For me: 1) when I do my tax filing (once a year) but I guess that depends on the law in your country of residence...

and what do you attach as evidence? deposits, withdraws etc?
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It is funny to see this. We must understand what the taxes for using BTC is?
There are two cases:
1 IF it is the payment to Creator of your money THEN you have nothing to pay. Because the BTC was not created by Mr. Rothsield's bank. You already have paed to creator of your BTC.
2 IF it is the payment like for your owner ... THEN yur government is criminal "roof" because you are the free and not slave. In this case you have nothing to pay them
3 ... third not exists, nothing else, all other taxes you already pay in EUR...