Game virtual currency tax

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. 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.

3. 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

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

5. 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.

6. Multi currency function: the current currency and account are strongly related, so if there are multi currency accounts, you need to create accounts with different names, such as RMB cash, and the currency is set to RMB. US dollar cash, currency set to us dollar
then, when bookkeeping, adjust the local currency to the current common currency, and select the corresponding account when recording revenue and expenditure. You can query details and reports by selecting currency conditions
the specific rich owners can go to the dig money forum to have a look at the dig money section. The rich owners of dig money all communicate with each other on how to use dig money to keep accounts

7. The main points of the official reply of the State Administration of Taxation on Levying Indivial Income Tax on the purchase and sale of virtual currency; Income from property transfer; Indivial income tax is calculated and paid< 2. The original value of a person'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 evidence of the original value of the property, the original value of the property shall be verified by the competent tax authority
small survey

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. [answer] at present, for online games, it should be in accordance with the provisions of the entertainment instry in Article 6 of the notes on business tax items (Trial draft) (GSF [1993] No. 149). The entertainment instry refers to the business of providing places and services for entertainment activities. The scope of collection of this tax item includes: operating entertainment places such as singing hall, dancing hall, karaoke singing and dancing hall, music teahouse, billiards, golf course, bowling alley, amusement park, and the business of entertainment places providing services for customers' entertainment activities. The catering services and other services provided by the above entertainment places for customers' entertainment activities fall within the scope of this tax item. In this regard, Beijing has a clear regulation: Article 2 of the notice of Beijing Local Taxation Bureau on the business tax issues related to online game business (jdshying [2008] No. 21) stipulates that the sales revenue of game consumption cards (currently temporarily divided into "time limit cards" and "game point cards") obtained by units and indivials who complete the operation of online games by building servers supporting the operation of online games, Business tax should be levied according to the tax item of "entertainment instry - other entertainment". Article 3 stipulates that the income from selling game consumption cards on behalf of units and indivials shall be implemented in accordance with the relevant provisions of paragraph 2 of the supplementary notice of Beijing Local Taxation Bureau on the issue of levying business tax on the agency instry (jdshying [2001] No. 507). Therefore, for what you call "online game operating companies selling virtual game equipment and virtual currency to game players", you can refer to the above provisions to levy "entertainment instry - other entertainment" business tax. Because the tax rate of the entertainment instry is now implemented in accordance with the tax rates set by various localities, it is necessary to carry out tax treatment according to the specific local regulations. For example: according to the regulations of Beijing Municipality, the notice of Beijing Municipal Finance Bureau and Beijing Local Taxation Bureau on adjusting the business tax rate of entertainment instry in Beijing (JCS [2000] No. 276), the business tax rate of entertainment instry in Beijing is adjusted as follows: 1. The business tax rate of entertainment items such as game machines and Game Internet bars is 20%; 2. The business tax rate of entertainment items such as singing halls, dance halls, karaoke halls and bars is 15%; ① 3. The business tax rate of music tea house, golf, billiards, bowling, shooting, water skiing, water slide, collision boat, sliding rope, landing, slide, four-wheel motorcycle cross-country, roller skating, horse racing, hunting, comprehensive amusement park (Park) and other items is 10%; ② 4. The business tax rate of playground or other entertainment items for children is 5%. Construction fee for cultural undertakings: Article 2 of the notice of the Ministry of Finance and the State Administration of Taxation on printing and distributing the Interim Measures for the collection and administration of construction fee for cultural undertakings (Cai Shui Zi [1997] No. 95) stipulates that units and indivials within the territory of the people's Republic of China who pay business tax for entertainment and advertising instries in accordance with the Interim Regulations of the people's Republic of China on business tax, The payers of cultural undertakings construction fees (hereinafter referred to as payers) shall pay cultural undertakings construction fees in accordance with the provisions of these measures. Article 4 stipulates that the construction fee of cultural undertakings shall be calculated on the basis of the turnover of the entertainment and advertising business tax payable by the payer and the prescribed rate. Calculation formula: payable amount = turnover of entertainment and advertising business tax × Therefore, the taxpayers who pay the entertainment business tax should also pay the cultural construction fee.