Does South Korea pay taxes on bitcoin
According to the regulations of notice 2014-21 of the IRS:
1. The information range of virtual currency payment is consistent with that of other property payment
2. Virtual currency paid to service providers and independent contractors should be taxed, and the tax rules of freelance also apply to virtual currency. Taxpayers usually have to get form 1099-MISC
3. When using virtual currency to pay wages to employees, they must also pay taxes, and they also need to pay federal income tax and payroll tax
4. The third party accepting virtual currency settlement payment on behalf of the merchant must report the payment status in form1099-k, payment card and the third party network dealer
5. Based on the fact that the virtual currency in the hands of taxpayers is a kind of capital asset, the gains or losses in the transaction of virtual currency and the sales of virtual currency need to be taxed
extended information:
legal status of bitcoin in China
in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty
the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate< br />
I can give you a simple and crude answer to this question. It's not necessary at present, but it's hard to say how to develop or what new policies will be adopted in the future. Bitcoin has a great influence on the international market now, there's no doubt about this according to the latest data report of the IRS, the transaction report between 2013 and 2015 shows that the number of people trading bitcoin at that time was less than 900 in the world. Although this figure is obviously incorrect, in order to regulate regulation, the IRS has listed cryptocurrency as an indivial property attribute as early as 2014, And sent a prescribed notice to some bitcoin exchanges
I think there are only two kinds of people in the world, one is rich people, the other is people who have bitcoin, or people who don't have bitcoin. This is an obvious chemical reaction. This may be a wealth belief of most owners or people who will enter the monetary circle in the future, In a short period of time, the soaring currency created a lot of fortune news like a myth. Many people now think that bitcoin is the hope of his life. Obviously, these people have not been cut leeks yet{ RRRRR}blockchain currency
EOS is a blockchain operating system designed for commercial distributed applications. EOS is a new blockchain architecture, which aims to achieve the performance expansion of distributed applications. It is called blockchain 3.0. E0s is quite valuable for investment, and has been basically recognized by the currency circle. It can also be said that it is the three carriages of virtual currency
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precautions:
blockchain technology is still in an early stage, not only has not yet formed a unified technical standard, but also various technical solutions are in rapid development. However, the scalability of blockchain technology has not been tested by large-scale practice, and now it is still in the prototype design stage. Therefore, in a relatively short period of time in the future, there are still problems in the speed of blockchain, which can not meet the needs of large-scale commercial applications for the time being
market, there are bubbles in various virtual currencies, and investment must be cautious: virtual currency is not a real currency in itself. Although the virtual currency adopts the source technology of block chain, it has neither the endorsement of national power nor the actual use value. p>
BCH
eth
BNB
BTT is a noteworthy one. As the largest DAPP in the coin circle, BitTorrent has more than 1 billion users in total, and it is all over the world
in the second half of the year, BT will launch three functions embedded in BTT application scenarios. One is BT speed, which can use BTT to speed up the download. The second is BT live, which uses BTT as an incentive live app. The third is btfs system test network. Btfs is a decentralized file storage system benchmarked with IPFs, which also represents a big application scenario of future blockchain. Although IPFs is more famous, it is still unknown whether it can make fil after all, and fil lacks a user base of the same scale as BTT, so I think it is reasonable for BTT to enter the top 20 market value at the beginning of next year.
without centralized data management, the security of data is higher, and it is difficult to be spied or copied. The distributed data storage in the whole network reces the loss and damage of data caused by contention, natural disasters, human and other reasons, and is concive to the permanent preservation of valuable data
secondly, it perfectly supports the application of blockchain
the essence of blockchain is distributed and decentralized. One of the bottlenecks in the development of blockchain is the distributed storage capacity. Especially for most basic public chains, how to store a large amount of data on their main chain is an urgent problem to be solved. The future distributed application (DAPP) wants to become a super application widely used by the public, it must also solve the storage problem. Therefore, the distributed storage of IPFs is likely to become the infrastructure of the future blockchain instry, which brings us huge imagination< br />
storage mining
based on the value of the underlying distributed transmission protocol of IPFs Internet, IPFs exchange creates the data flow storage mining function of IPFs trading system
data traffic storage mining is the behavior mining generated by the total amount of data users in the trading system and the total amount of data flow in and out of the trading system by reusing the space storage of idle network Zi sources, which is called data traffic storage mining< br />
IPFs international digital property valuation trading system is the only trading system developed with IPFs underlying technology. Independent data storage, 1.4 million efficient matchmaking transactions per second. Intelligent processing multi level Tai executive terminal, with Yin line level risk control system
IPFs trading system data flow storage mining "mine" is based on the ecological value of the issue of FPS, PPS, PSS and SSS four stages of money, and with mining machine mining and Tui wide, realize the user's value Hui report< br />
when a person has no money, if he spreads his diligence, the money may come; When you have money, spread it out and people may come; When there are people, spread the love and support, maybe the career will come. When the career graally become, the Gu share out, may become a dream! The first sentence: Heaven rewards diligence. The second sentence: money scattered, people together. Third sentence: fraternity is the only way to get rid of oneself. The fourth sentence: how wide the heart is, how big the sky is.
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bitcoin (bitcoin: bitcoin) was originally a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan.
South Korea has seized 2416 tax evaders who are rich in bitcoin, which has aroused heated discussion among netizens on the Internet. We all know that any country needs to collect taxes. The more than 2000 people in South Korea also want to put their money into their own pockets instead of paying taxes. This method is very undesirable, this time, they are also seized, In addition, they paid back 36.6 billion won, which is about 297 million yuan. It can be seen that South Korea is also very strict in tax payment
this time, we can also see that we need to crack down on preventing the repayment of virtual assets. What we need to pay attention to is that we must not invest in bitcoin in our daily life, because bitcoin is not recognized in China and the risk is very high. We can see its crazy moment, We can also see that its downturn is very frightening, and we hope everyone can be more cautious when investing
now trading is purchased through the non regulatory exchange platform, so there is no need to pay tax for the time being
there is no standard and no place to pay