Is forex trading Taxable in your country ? is there anyways to escpare from tax ?

[Exness Support]

Well is profit from forex trading taxable in your country ? I know in many developed countries capital gain tax is as high as 20-30%. Please share about the tax rules of your country regarding trading profits and also inform us is there any way to escape the tax and make the profits legally taxfree ?

 

[Fxpipper]

Well, down here in Manhattan or for that matter any part of the US, tax is a bummer but as far as other countries are concerned, think most nations will tax any profits from Forex trading..

 

[Enivid]

Yeah, Forex trading profits are taxable nearly everywhere. As far as I know, Forex can be qualified as spread betting in UK and is not taxable there.

 

[fxapex]

i dont think its right to avoid taxes if you are earning, taxes are used for various social purposes.

 

[Fxpipper]

One of the issues with paying taxes is that the government expects you to dole out the payments on time yet when it comes to the government doing something for the people, whether it is a social service or say, building a new community center..they sure take their own time..
I suppose we all have our list of issues..but overall, we do need to pay our taxes but do wish there was a better way for us to ensure government agencies keep up their promises, on time..'nuff said.

 

[tobeone]

WOOOHOOOOO, it's not taxable in my country 🙂))))
I love my country!
Almost any type of income if it comes from foreign sources is not taxed.

 

[Rambo35]

For me more important is to have a possibility of no restrictions trading in which ever country I am. Forex trading taxes are almost everywhere.

 

[Fxpipper]

I wish..India and a few other asian nations have banned online forex trading primarily to protect their currency to avoid sorros run..fair enough but why the heck would they ban trading online altogether, just doesn't make sense..