Virtual currency taxation in developed countries

1. The difference lies in the fact that some foreign countries are particularly strict in this kind of supervision, while others are particularly loose. In terms of domestic supervision, it is relatively perfect.

2. The State Administration of Taxation emphasizes that the original value of an indivial's property in selling virtual currency, the price paid for his purchase of network virtual currency and related taxes. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities

according to the relevant sources of Beijing Local Taxation Bureau, the tax rate of indivial income tax calculated according to the "income from property transfer" project is fixed at 20%, and Beijing Local Taxation Bureau will also introce relevant measures to verify the original value of virtual currency property sold by indivials

about virtual currency:

virtual currency refers to the substitute currency circulating in the network virtual world. In addition to the virtual currencies issued by major online game companies with various names, Tencent Q currency is also widely used

at present, the online transaction in the virtual world has greatly exceeded people's imagination, and has formed a huge online transaction market of proction, supply and marketing. Moreover, a group of professional workers specialized in "coin printing" came into being; There are also special exchange shops for various game currencies.

3.

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 />

4. There are mines in many caves. Sometimes the bare stones on the mountain, as long as they have luster and spots, are also mines, and most of them are in the caves. Can network ancient scroll 5 cave at a glance, there are pictures
there is a pickaxe in the bag. Press e to the ore, or press the left button to the ore with a pickaxe in hand to get daylight twice
when enchanting and dismantling enchanted weapons / equipment, the enchantment level will also increase. The leather belt made of excavated iron ore and the monster's fallen skin will be used to make daggers, and then the enchantment will sell for money. The most valuable thing is to dispel affixes.

5. Really? But it's basically the smallest denomination. It's equivalent to 50 yuan.

6. Im7w from Shiyan accounting website | problem details & gt& gt; August 19, 2013 [question] how do Internet companies make profits through the Internet? For example, if I customize his virtual business, I need to spend my RMB to buy his virtual money, and then pay it to him. Is this a business? Do you need to pay tax [answer] according to the current business tax policy, it is within the scope of business tax to provide services and obtain business income by collecting virtual coins from customers on the Internet, and business tax should be levied according to regulations. I'll answer anonymity

7. I deeply regret that I came out to work; A year of youth is wasted< It's hard to live a part-time job; Get up early and go to bed late, sleepy and tired
as soon as the alarm goes off, turn off the heat quilt; Stretch, still want to sleep
forced by helplessness, wash quickly; In a hurry, we must sort out the necessary things
steamed bread for breakfast makes people nauseous; Less than noon, gastrointestinal meeting
I have a deep understanding of this kind of life; Rest time, aftertaste
if you want to make a phone call, it's too expensive; Working hours, dare not foul
wild geese are flying and tired of love; Where is the end of the world, exquisite jade
the lover in the dream has no chance to meet; Look up to the sky and sigh, want to cry without tears<
I'm too stupid, not bad at the society... I have no money to buy toothpaste and add grass to the vegetables,
they all say that the environment here is good, cockroaches and ants are running around,
they all say that the foreman here is handsome, with flat heads like pot lids,
every year I work hard, every day I work overtime like a monkey,
there's no reward for working overtime, and there's no reason for being scolded every day,
when I meet the boss, I bow my head, Paid and shook his head< Working life is really bad, grass can be eaten from vegetables,
flies are bathing in the soup, ants are racing on the table,
mosquitoes are biting under the table, and the salary is very low
this article is dedicated to all the villagers, brothers and sisters who are away from home
I hope you can make a lot of money in the future. Family harmony, work smoothly!!!

8. Because the IRS uses bitcoin as a commodity. Ruitai coin, Laite coin, Weimeng coin and Ethereum can be regarded as the younger brothers of bitcoin, so they all need to be taxed in the United States.

9. At present, the State Administration of taxation is preparing to levy personal income tax on virtual goods, which mainly refers to the tax on indivials who buy and sell virtual goods online, and the players who sell currency are regarded as taxpayers of personal income tax
2. The so-called tax bearer refers to the indivial or unit who actually bears the tax, while the taxpayer of personal income tax refers to the indivial who obtains income through this activity, The two should be the same person
3. If we understand them in reverse, it may be easier to understand that if the person who buys and sells money does not make money, he will not have to pay tax. If he makes money, he will have to pay personal income tax, and the tax will be borne by himself

personal opinions, for reference only

10. According to the provisions of the tax law,

should be levied, which will not cause any impact. The transaction still needs to be carried out. The virtual currency will not disappear because of this. It is necessary to exist, and the real economy will not have any good or bad impact because of this tax