Does virtual currency Tencent need to pay tax

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

4. In a recent reply to the Beijing Local Taxation Bureau, the State Administration of Taxation said that 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, which should be calculated and paid according to the item of "income from property transfer"
according to the regulations, the income from property transfer is calculated as the amount of taxable income, which is the balance of the income from one-time transfer of property (no matter how many times it is paid, it should be merged into the income from one-time transfer of property) minus the original value of the property and reasonable expenses, and the tax rate of 20% is applied to calculate and pay indivial income tax.

5. Specific name and issuing company In 1875, there were virtual food stamps in foreign countries. It seems that Tencent made virtual currency in 2000 The most accurate answer: time: May 2002 Name: Tencent

6. It can not be estimated that Tencent is mainly relying on online games and QQ games, as well as member privileges, to make a fortune. It only knows the number of transactions through QQ virtual currency

7. No matter what the transaction is, except in private or in violation, you need to pay tax. There is also tax for buying a bottle of water, but you don't have to pay it yourself.

8.

The first step is to download and install Google authenticator. Apple mobile phone can be downloaded directly from the app store. There is no Google play on Android mobile phones in China. If there is no way, you can download it from your own brand App Store (such as Xiaomi app store) or other well-known third-party app stores (such as Tencent's app treasure, 360 mobile assistant, etc.) with high security. Do not download and use the tools related to the security of encrypted asset account in places with unknown origin

the second step is to add the Google authentication key provided by the platform. Open the Google ID app, click "add new account" on Android phone, and click "+" on Apple phone to scan the QR code to add; If you can't scan the QR code, you can enter the key manually

Step 3, backup! This step will be ignored by many people, but it is particularly important. The function of the QR code and key shown in the figure above is the same. As long as there is any one of them, you can know your Google verification code. Therefore, you should pay attention to your Google verifier private key just as you pay attention to the wallet private key of cryptocurrency. It's better to back it up to an offline device

the fourth step is to fill in the Google authentication code and other passwords to complete the Google authentication binding

in the fourth step, if you input the wrong Google verification code, there are several solutions:

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first, check whether the system time of the mobile phone is consistent with the system time of the device where the Google verification page is bound (for example, you are operating on the computer). Google captcha and time are closely related, system time is inconsistent, will have an impact on the captcha. If the inconsistency is determined, the time should be calibrated first

make sure you enter a valid Google captcha. The verification code is updated every 30 seconds by default. A few people are slow to operate. After entering the password, the Google verification code has been updated to another one

whether you have exited the binding page. If you have exited, you need to start from the second step. Because before the binding is completed, exit and re-enter, the trading platform will give you a different Google verification key

if you accidentally delete the Google verifier app, or if the mobile device with the Google verifier app is broken, or if you change a new mobile phone, just download the app again and enter the backup QR code or plaintext key in step 3. That's why backup is always emphasized

9. Virtual currency will not be taxed, but it will be taxed in the income
he has a lot of money... I never make q-coin, generally there are many girls..