How to pay VAT in virtual currency

1. The income obtained from the purchase of virtual currency by an indivial through the Internet and the sale to others after the price increase belongs to the taxable income of personal income tax, which should be calculated and paid according to the item of "income from property transfer". The original value of the property sold by an indivial is the price and related taxes paid by the acquisition of 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. All online transactions that earn income should be taxed

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 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.

4. 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.

5. 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

6. According to China's current regulations, at this stage, financial institutions are not allowed to provide bitcoin related procts or services. Bitcoin cannot and should not be used as currency. Ruitai coin, Laite coin and other counterfeit coins are also applicable
all investments are not protected by law. If there is a brokerage transaction, once it is found, it will be subject to criminal responsibility.

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

8. According to the notice of the Ministry of Finance and the State Administration of Taxation on comprehensively promoting the pilot project of replacing business tax with value-added tax (CS [2016] No. 36), Annex 1 measures for implementing the pilot project of replacing business tax with value-added tax and the notes on sales services, intangible assets and real estate, it is stipulated that "(VII) life services... 3. Tourism and entertainment services
tourism and entertainment services, including tourism services and entertainment services
(1) tourism service refers to the business activities of organizing and arranging transportation, sightseeing, accommodation, catering, shopping, entertainment, business and other services according to the requirements of tourists
(2) entertainment service refers to the business that provides places and services for entertainment activities at the same time
specifically including: singing hall, dance hall, nightclub, bar, billiards, golf, bowling, recreation (including shooting, hunting, horse racing, game machine, bungee jumping, kart, hot air balloon, power umbrella, archery, darts)
therefore, the value-added tax should be paid according to entertainment services, with 6% for ordinary taxpayers and 3% for small-scale taxpayers.

9. Whether it is MLM or not should be judged according to its specific operation mode<

MLM refers to the behavior of organizers or operators' developers who seek illegal benefits, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying certain fees< It is pyramid selling that has the following behaviors at the same time:
first, it needs to pay the entry fee< Second, we need to develop offline. Need to constantly find partners, and set up a team under the guise of doubling income to ince others
Third, determine how much you will get in return according to the number of people below and their business performance.