Kate Posted November 17, 2018 #1 Posted November 17, 2018 Tax a well known word in the offline world but now seems to have taken over the online world too!! There are many different tax rates for different things in some places like maybe 5% for a packet of chips and 3% for a bottle of Juice or maybe less. And there are countries which charge like a fixed price like 5% or 10%. And now people also pay tax for their income made through Bitcoin too and also some other Altcoins but Bitcoin mainly. The Taxes charged by these people on cryptos is so ridiculous its like 14% or 15% or 19% or maybe even more. My main question here is : Have your ever paid tax for the income you have got from Bitcoin in your country ? If so how much is the percentage and how much did they charge you ? My Coment : Well Indirectly i have see its like even if you buy things from a US site whether its keys for games or even skins or like Items in General they always show that V.A.T on the corner also Known as Value Added Tax and its 5% for everything so instead of like paying one big lump of Money for Tax i end up paying more than if the Tax was collected every end of the year with a Specific Percentage.
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