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  1. #1
    Junior Member DAVEX's Avatar

    binary options and taxes !!!

    Hi everyone!

    Another question came up to my "newbie" mind: if I win a certain amount of money with binary option trading do I have to pay taxes on them?
    I tried to made a research on the web but, as usually, I found a lot of discrepancies: some says that it's totally tax free, others say tax free under a certain amount (50000 euros),
    another "version" says that all the amount is subjected to taxes..

    Anyone knows precise details about it?

    Thanks a lot,

    DAVEX

  2. #2
    Legendry Member Okane's Avatar
    Quote Originally Posted by DAVEX View Post
    Hi everyone!

    Another question came up to my "newbie" mind: if I win a certain amount of money with binary option trading do I have to pay taxes on them?
    I tried to made a research on the web but, as usually, I found a lot of discrepancies: some says that it's totally tax free, others say tax free under a certain amount (50000 euros),
    another "version" says that all the amount is subjected to taxes..

    Anyone knows precise details about it?

    Thanks a lot,

    DAVEX
    Yes I know!
    Easy answer; depends on your country of course :P.
    Call an accountant in your country and ask, that's the best way of handling it!
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  3. #3
    Junior Member DAVEX's Avatar
    Allright!

    Thanks a lot!

  4. #4
    Administrator Martin Kay's Avatar
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  5. Thanks DAVEX thanked this post
  6. #5
    Legendry Member Michael Hodges's Avatar
    income is income, you have to know how binary is classified in your country and how that classification is taxed... but I would say probably yes, just to be on the safe side.

  7. Thanks DAVEX thanked this post

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