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    Thread: tax of forex trading

    1. #191
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      i think goverment no need to take tax from forex trader in my country because only few people know forex trading in my country and join forex trading bussiness

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    3. #192
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      With taxation for forex traders i think it all depends on the country's law on tax. In my home country, no tax is subjected to foreign currency inflows and so withdrawals from forex are tax free, i only pay the bank commission, the broker is subject to corporate tax.
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    4. #193
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      Simple we have to pay the tax on our income. Its nothing special with the income of fores, its treated just like other incomes. But in some countries there is no tax on this.

    5. #194
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      here forex business do not fall under the tax paying laws. so we can earn freely with out any tension.

    6. #195
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      It depends on your country tax rules some ask for a % for every income you make (including Forex)
      most of the traders don't pay there hard earned money to some governments which it won't be used for the citizen's needs but that won't be suggested if you live in US/UK etc... If you are caught *_*

    7. #196
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      Frankly i do not understand the entire income tax about FX. I think which is taxed within the center. however, certainly not for people. several are inside land Indonesia, right now there are a few offices which would be taxed within their trading company.

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      Quote Originally Posted by sastrowarwer View Post
      i think goverment no need to take tax from forex trader in my country because only few people know forex trading in my country and join forex trading bussiness
      should not because it is non-real business sector especially we can not take taxes for traders who fail, the government should see the resistance of their exchange rates rather than having to see the tax passed.

    9. #198
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      Quote Originally Posted by Georges View Post
      With taxation for forex traders i think it all depends on the country's law on tax. In my home country, no tax is subjected to foreign currency inflows and so withdrawals from forex are tax free, i only pay the bank commission, the broker is subject to corporate tax.
      yes very true, as long as I am, too.
      just pay the administrative costs for the bank, broker, etc involved in this trade.
      but I also do not know if it is already taxed before the WD, but it does not matter, what matters, I got the results and the results are quite satisfactory for me. so it does not matter about the commissions, taxes, etc


      keep the spirit, never give up and keep learning.
      happy trading for all ...

    10. #199
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      As long as our earning is low no need to worry about taxes. Once the income rises and it is exceeding the tax bracket of Income tax set by our countries Govt, we need to declare the income to the government and pay the tax as per law.
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    11. #200
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      Forex trading does not take tax from you.There are different countries which take tax on forex trading.Wow my country does not take tax from its forex traders.

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