Are Crypto Withdrawal Taxable in your country?

[flower]

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.

 

[Reedex]

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.

 

[gammarays]

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]

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.

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

 

[Stardom22]

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]

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

 

[uptrendfinancialsignal]

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.

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

 

[flower]

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.

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

 

[Blessed19]

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?

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.

 

[Stardom22]

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]

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.

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

 

[Shavkat]

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

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]

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