Does bitcoin have to pay personal income tax first
Publish: 2021-04-14 07:03:49
1. In our country, it is forbidden to open Bitian mine< The central information office of the people's Bank of China, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission
notice on preventing the risks of token issuance and financing In essence, the so-called "virtual currency" such as ether currency is a kind of unauthorized illegal public financing behavior, which is suspected of illegal selling token tickets, illegal issuing securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities. Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs
the token or "virtual currency" used in token issuance financing is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market< (2) no organization or indivial is allowed to engage in the financing activities of token issuance illegally. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects< 4. Financial institutions and non bank payment institutions shall not carry out business related to token issuance and financing transactions
financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", It is not allowed to underwrite insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions< 5. The public should be highly alert to the potential risks in the financing and trading of token issuance
there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues.
notice on preventing the risks of token issuance and financing In essence, the so-called "virtual currency" such as ether currency is a kind of unauthorized illegal public financing behavior, which is suspected of illegal selling token tickets, illegal issuing securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities. Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs
the token or "virtual currency" used in token issuance financing is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market< (2) no organization or indivial is allowed to engage in the financing activities of token issuance illegally. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects< 4. Financial institutions and non bank payment institutions shall not carry out business related to token issuance and financing transactions
financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", It is not allowed to underwrite insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions< 5. The public should be highly alert to the potential risks in the financing and trading of token issuance
there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues.
2.
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 />
3. I don't know, but this company hasn't heard of it. I suggest you go to the field to have a look. After all, many of the current development companies are also famous for blockchain, but their own technical strength can't keep up. In order to prevent being cheated, I suggest you go to the field and compare several companies
4. First, money burning scams. The so-called money burning scam refers to the continuous investment of investors, but investors can only see the investment of funds, but found that they did not get certain benefits. This is the so-called money burning scam. Once an investor has no patience to invest, the other party will tell the investor that he can make money immediately and ince the investor to continue to invest. However, the investor thinks that he can make money if he has invested so much, so why should he choose to give up at this time? The investor will continue to invest, and the final result is that he will be constantly involved in the scam, We're losing money
Second, emotional deception. There is also a kind of deception in the silver and precious metal investment deception, which is difficult to identify, and that is the emotional deception. In many love and marriage websites, there will be some young girls who send a picture and say they want to find a blind date. But is it really a blind date? This is not necessarily the case. In fact, these little girls are engaged in emotional deception. After they get to know some blind date people with relatively strong economic strength, they will disclose some information about silver precious metal investment in the process of chatting with them, and tell them that they are doing silver precious metal investment. In order to make people trust, they will often send some luxury cars, live in luxury houses and drink champagne every day, Take photos of celebrities' parties and travel around the world, and also send some income screenshots, just to make people interested. Once the heart is moved, the big fish is hooked, and the scam begins.
Second, emotional deception. There is also a kind of deception in the silver and precious metal investment deception, which is difficult to identify, and that is the emotional deception. In many love and marriage websites, there will be some young girls who send a picture and say they want to find a blind date. But is it really a blind date? This is not necessarily the case. In fact, these little girls are engaged in emotional deception. After they get to know some blind date people with relatively strong economic strength, they will disclose some information about silver precious metal investment in the process of chatting with them, and tell them that they are doing silver precious metal investment. In order to make people trust, they will often send some luxury cars, live in luxury houses and drink champagne every day, Take photos of celebrities' parties and travel around the world, and also send some income screenshots, just to make people interested. Once the heart is moved, the big fish is hooked, and the scam begins.
5. Moke MOAC is a practical application-oriented blockchain platform. MOAC adopts the technology of layering and slicing, processes the global transfer transaction at the bottom, and deploys the contract in the way of sub chain at the top. The upper sub chain can choose its own consensus mode, block cycle and its own separate block chain to store the contract status. mining nodes of sub chain can be selected by user. The system maintains multiple mining pools supporting a consensus protocol, from which the sub chain can rent the required number of nodes. On this basis, MOAC provides the function of one click chain, which enables DAPP project parties to customize their own blockchain. The project side does not need to maintain the operation of the sub chain, only needs to pay these leased nodes regularly. The unique sub chain / Master chain architecture of MOAC makes the sub chain reach the security level close to the master chain. In addition, the innovative architecture enables DAPP users to use DAPP without consuming any gas, so that DAPP users can face users without any blockchain knowledge.
6. unwanted. Bitcoin doesn't go through any bank
7. No, the salary income is paid monthly and settled at the end of the year.
8. 1. Notice of the Ministry of Finance and the State Administration of Taxation on the issue of levying and exempting indivial income tax from the one-time compensation income obtained from the termination of labor relationship between an indivial and an employing unit, The part whose income is less than three times the average wage of the local staff and workers in the previous year shall be exempted from indivial income tax; The excess part shall be calculated and collected according to the relevant provisions of the notice of the State Administration of Taxation on the collection of indivial income tax on the economic compensation for the termination of labor contract< 2. Notice of the State Administration of Taxation on the issue of indivial income tax on the economic compensation for the termination of labor contract: 1. Indivial income tax shall be calculated and levied according to the item of "income from wages and salaries" for the one-time economic compensation income for the termination of labor contract
Second, considering that the amount of one-time economic compensation income obtained by indivials is large, and the dismissed personnel may not have a fixed income for a period of time, the one-time economic compensation income obtained by indivials can be regarded as several months' salary and salary income at a time, which is allowed to be averaged within a certain period of time. The specific average method is: divide the one-time economic compensation income obtained by an indivial by the number of years he has worked in the enterprise, take the quotient as his monthly wage and salary income, and calculate and pay the indivial income tax according to the provisions of the tax law. The number of working years of an indivial in the enterprise shall be calculated according to the actual number of working years, and the number of working years exceeding 12 shall be calculated according to 12
3. The indivial income tax payable on the one-time economic compensation income calculated according to the above method shall be withheld by the paying unit at the time of payment and paid into the state treasury within 7 days of the next month< 4. The housing accumulation fund, medical insurance fund, basic endowment insurance fund and unemployment insurance fund actually paid by indivials according to the proportion stipulated by the state and local government should be dected in tax calculation
5. If an indivial is employed again after the termination of the labor contract, the one-time economic compensation income that has paid the indivial income tax will no longer be combined with the income from wages and salaries of re employment to calculate the compensation indivial income tax.
Second, considering that the amount of one-time economic compensation income obtained by indivials is large, and the dismissed personnel may not have a fixed income for a period of time, the one-time economic compensation income obtained by indivials can be regarded as several months' salary and salary income at a time, which is allowed to be averaged within a certain period of time. The specific average method is: divide the one-time economic compensation income obtained by an indivial by the number of years he has worked in the enterprise, take the quotient as his monthly wage and salary income, and calculate and pay the indivial income tax according to the provisions of the tax law. The number of working years of an indivial in the enterprise shall be calculated according to the actual number of working years, and the number of working years exceeding 12 shall be calculated according to 12
3. The indivial income tax payable on the one-time economic compensation income calculated according to the above method shall be withheld by the paying unit at the time of payment and paid into the state treasury within 7 days of the next month< 4. The housing accumulation fund, medical insurance fund, basic endowment insurance fund and unemployment insurance fund actually paid by indivials according to the proportion stipulated by the state and local government should be dected in tax calculation
5. If an indivial is employed again after the termination of the labor contract, the one-time economic compensation income that has paid the indivial income tax will no longer be combined with the income from wages and salaries of re employment to calculate the compensation indivial income tax.
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