Virtual currency is not taxed

1. According to the official reply of the State Administration of Taxation on the issue of indivial income tax on the income of indivials from buying and selling virtual currency through the Internet (GSH [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer". The original value of an indivial's property in selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. 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.

2. According to the official reply of the State Administration of Taxation on the issue of indivial income tax on the income of indivials from buying and selling virtual currency through the Internet (GSH [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer". The original value of an indivial's property in selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. 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.

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. This is certainly unreasonable. Virtual currency generally does not need to pay tax. If you pay this tax, it is not equal to your original value. It will be very expensive and not cost-effective

5. If cash withdrawal is reflected, taxes and fees are required, which are all available.

6. In a recent reply to the Beijing Local Taxation Bureau, the State Administration of Taxation said that the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, which should be calculated and paid according to the item of "income from property transfer"
according to the regulations, the income from property transfer is calculated as the amount of taxable income, which is the balance of the income from one-time transfer of property (no matter how many times it is paid, it should be merged into the income from one-time transfer of property) minus the original value of the property and reasonable expenses, and the tax rate of 20% is applied to calculate and pay indivial income tax.

7.

Win10 enterprise LTSC is the best

win10 enterprise LTSC is also known as win10 enterprise 2019 long term service version. This version is considered as the best win10 version at present. On the basis of win10 enterprise 2016 long term service version, Microsoft has done a lot of optimization and upgrading. Win10 enterprise LTSC is faster and lighter

4, win10 ecation version

is mainly based on the enterprise version, which has advanced functions. It will be provided to customers through the volume licensing program for ecational institutions

8. First, make data storage more secure and convenient
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.

9. China's laws are not perfect at all. There are too many loopholes to be drilled. This is one of them

10. Beijing Local Taxation Bureau:
we have received your request for instructions on the issue of personal income tax collection for indivials who obtain income from online sales of virtual currency (jdsge [2008] No. 114). The reply is as follows:
1. The income obtained by an indivial from purchasing a player's virtual currency through the Internet and selling it to others after a price increase belongs to the taxable income of personal income tax, which should be calculated according to & quot; Income from property transfer; Indivial income tax is calculated and paid
2. The original value of an indivial's property selling virtual currency is the price and relevant taxes paid for his purchase of network virtual currency< 3. If an indivial is unable to provide the original value certificate of the property, the original value of the property shall be verified by the competent tax authority<

State Administration of Taxation
September 28, 2008