Are Crypto Withdrawal Taxable in your country?

flower

Notable

Member

Jan 9, 2023

4,978

86

Dex

$0.004

Raw Dex

$0.001

• Feb 10, 2023

• #41

The government of my country have restricted the use of cryptocurrencies and as such, any amount you make from such a venture by the use of other methods like the peer-to-peer platform are not taxable.

Post automatically merged: Feb 17, 2023

Cryptocurrency withdrawal is not taxable in my country and that is why you would not pay taxes on the withdrawals of cryptocurrency that you have made and coupled with the fact that cryotocurrency is restricted in my country.

 

Last edited: Feb 17, 2023

Reedex

Well Known

Member

Jan 8, 2023

6,801

104

Dex

$0.002

Raw Dex

$0.001

• Feb 17, 2023

• #42

I cannot dispute the fact that there are so many countries who are receiving taxes on cryptocurrency withdrawal but mine country does not receive taxes for any amount you have want to withdraw in crypto.

 

G

gammarays

Notable

Member

Sep 15, 2022

1,638

138

Dex

$0.000

Raw Dex

$0.000

• Mar 6, 2023

• #43

Crypto currency is banned in my country. However people make use of P2P exchange to change crypto currency to Fiat and vice versa so there's nothing like tax on it.

 

uptrendfinancialsignal

Well Known

Member

Nov 24, 2022

8,905

181

Dex

$0.004

Raw Dex

$0.121

• Mar 13, 2023

• #44

lens said:

Cryptocurrency is banned in my country and we only resort to using peer-to-peer platforms for our cryptocurrency transactions and as such,.no taxes are deducted.

Click to expand...

A country where cryptocurrency is banned can not issue taxes on cryptocurrency related transactions.

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,269

565

Dex

$4.300

Raw Dex

$0.717

• Mar 13, 2023

• #45

I don't have any idea about the payment concerning crypto currency as I have never done any transactions involving crypto currency. However the PayPal payment is not taxable in my country.

 

Reedex

Well Known

Member

Jan 8, 2023

6,801

104

Dex

$0.002

Raw Dex

$0.001

• Mar 17, 2023

• #46

Even before cryptocurrency was banned in my country, cryptocurrency withdrawal is not taxable.

 

uptrendfinancialsignal

Well Known

Member

Nov 24, 2022

8,905

181

Dex

$0.004

Raw Dex

$0.121

• Mar 18, 2023

• #47

lens said:

Cryptocurrency is banned in my country and we only resort to using peer-to-peer platforms for our cryptocurrency transactions and as such,.no taxes are deducted.

Click to expand...

A country where cryotocurrency is banned will not receive taxes in it

 

flower

Notable

Member

Jan 9, 2023

4,978

86

Dex

$0.004

Raw Dex

$0.001

• Apr 22, 2023

• #48

Reedex said:

Cryptocurrency is banned in my country and we only resort to using peer-to-peer platforms for our cryptocurrency transactions and as such,.no taxes are deducted.

Click to expand...

The same is applicable in my country and that is why it is not taxable.

 

Blessed19

Notable

Member

Mar 1, 2023

1,728

105

Dex

$0.000

Raw Dex

$0.000

• Apr 22, 2023

• #49

Ginger said:

In India Crypto are taxable at 30% fixed rate which is done to avoid citizens of India to deal in crypto but still we see many Indian users interested in crypto mainly because it's more convenient than PayPal.

Are crypto withdrawals taxable in your country?

Click to expand...

Well there is one thing about crypto currency in my country which is the fact that it has not been adopted by the government of my country yet but he citizens are verily and deeply into trading of crypto currency and so doing the payment of tax for the withdrawal of crypto is not possible and we do not pay any kind of tax when we withdraw crypto as we trade with the aid of peer to peer trading.

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,269

565

Dex

$4.300

Raw Dex

$0.717

• Apr 22, 2023

• #50

I literally have no idea about whether the Crypto currency withdrawal is taxable by the government or not because I don't engage myself with it. Since I know nothing about it altogether.

 

uptrendfinancialsignal

Well Known

Member

Nov 24, 2022

8,905

181

Dex

$0.004

Raw Dex

$0.121

• Apr 23, 2023

• #51

Stardom22 said:

I literally have no idea about whether the Crypto currency withdrawal is taxable by the government or not because I don't engage myself with it. Since I know nothing about it altogether.

Click to expand...

Most of the government of each country are now looking towards collecting taxes from cryptocurrency withdrawals.

 

Shavkat

Very Familiar

Member

Sep 7, 2022

13,631

947

Dex

$0.515

Raw Dex

$0.003

• Apr 23, 2023

• #52

flower said:

The same is applicable in my country and that is why it is not taxable.

Click to expand...

The mere fact that my country is not fully blown of using them, so they are not taxable. This is what I know of. However, I had seen a respond that it differs how much will be withdrawn in my country.

 

Yohanna

Notable

Member

Mar 19, 2023

2,110

33

Dex

$0.000

Raw Dex

$0.000

• Apr 26, 2023

• #53

I don't think that cryptocurrency withdrawal is taxable in my country because I've not paid taxes on any crypto related activities.

 

F

Fidelia

Notable

Member

Oct 28, 2023

2,398

36

Dex

$0.010

Raw Dex

$0.453

• Oct 7, 2024

• #54

Crypto withdrawal happens on exchanges and no exchange is licensed officially to operate in my country. That's why crypto transactions is not taxable.

 

R

Rubz

Notable

Member

Sep 12, 2022

1,612

15

Dex

$0.000

Raw Dex

$0.008

• Oct 10, 2024

• #55

I actually do not know if crypto withdrawals are taxable in my country. I make small withdrawals and i do not seem to notice any tax on the withdrawals I make.

 

nomad

Very Familiar

Member

Jun 22, 2022

10,961

512

Dex

$0.010

Raw Dex

$0.600

• Oct 18, 2024

• #56

Withdrawing crypto to banks or cards is not available in my location. When I want to withdraw I use P2P trading, so I can skip taxation.