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    Thread: tax of forex trading

    1. #461
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      there is no tax charge on trader but on broker i think there are some commissions which charge tax to broker depending on their volume of trade in a month or in a year.also broker earn money from spread which is actually the difference in bid and ask price.

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      Yes it is good to know the Tax matter. As we are the citizen of a country and have responsibility to the country. So every one should participate for the development of the country. But as we most of the trader does not pay any tax so what is the actual system and what percentage is cute down from the income as tax.
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    4. #463
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      I think taxation that involves forex trading may varies from different countries law about tax. Some countries like United States are very strict when it comes to their taxes either online job or investments like forex and stocks. They will hunt you down up to the very last penny of your profit, while in my country they don't even bother to tax it.

    5. #464
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      I never hear about the tax for trading, or at least i never hear it in my countries, forex is very personal bussines, and is no need any office for it (except you wanna build a new brokers, diffrent stories is was)...So why we need pay tax?

    6. #465
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      I never hear about the tax for trading, or at least i never hear it in my countries, forex is very personal bussines, and is no need any office for it (except you wanna build a new brokers, diffrent stories is was)...So why we need pay tax
      there is no tax on Forex trading,you can trade without giving any one any tax or VAT,cause here you are investing you own capital to make profit and here is no relation to the government to make profit
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    7. #466
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      Quote Originally Posted by fxaiden View Post
      there is no tax on Forex trading,you can trade without giving any one any tax or VAT,cause here you are investing you own capital to make profit and here is no relation to the government to make profit
      Yes dear i am agree, there is no tax in forex trading, we dont need to pay tax, this is the business in which we can do trade freely without any pressure. It is the business in which we dont have to pay the tax so it is the flexible and best business.

    8. #467
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      Well I think only when we made withdrawal to bank then tax goes to govt other wise if we make any withdrawal to payment processor and from where we sell it to other then we are not paying tax so good thing is to withdrawal money in bank from our broker account or own payment processor account.

    9. #468
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      i think that on every trade we a tax that is taken by the government where the forex market is present,and individual also pay the tax on his profit in which country he is living.

    10. #469
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      Forex no require the tax. but i see the swap will costing from your account after the 24 hour open a position. it take the central banks which is called the swap. if you not want to pay then you have to trad with less than 24 hour and keep close the trade.

    11. #470
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      Sorry I don't know about that but I think when we make withdrawal to our bank account from forex broker or bank request from any payment processor then govt already cut our tax from that transaction so there is nothing to worry about it

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