European Union says Bitcoin is exempt from VAT

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Plan B, an anonymous Bitcoin analyst which predicted $100 trillion as bitcoin price, tweeted the price could reach $13500. Read to know what other Bitcoin analysts and proponents have to say. There was a EU judgement (case „Hedqvist“, C-264/14) in 2015 which defines Bitcoin and Crypto as currency and therefore can’t be taxed. This view has also been strengthened by the German Federal Financial Supervisory Authority (BaFin) in this year (2018) which has the same view on Crypto. This resulted in the "mess" that we are in (for us in Crypto in Germany it is great actually) tax ... Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph en Español reported on Aug. 27. Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free (#GotBitcoin?) The tax office referred to the 2015 European Court of Justice ruling. The case of the Swedish Bitcoin.se website and its moderator, David Hedqvist, was considered.Bitcoin is a means of payment, exactly like fiat currency, and should therefore not be subject to taxes such as VAT. When Hedqvist – who also runs the information site and forum Bitcoin.se – asked the question, he was looking to expand his online business and launch a new Bitcoin exchange. However, he didn’t want to do it without knowing if he would have to pay taxes, so he turned to the Swedish Tax Agency. The commission found that bitcoin, “is a means of payment used in a similar way to legal means of payment and the transactions that Mr Hedqvist intends to effect must, consequently, be exempt ... Binance Coin $ 27.56 2.62%. Polkadot $ 4.24 3.72%. Litecoin $ 58.74 7.82%. Cardano $ 0.097488 1.89%. Alle Kurse . Finanzamt Bonn forderte angeblich Umsatzsteuer bei Bitcoin-Veräußerung . Startseite; Aktuelle Artikel im Überblick; Politik; Regulierung; Finanzamt Bonn forderte angeblich Umsatzsteuer bei Bitcoin-Veräußerung . von Tobias Schmidt. Am 9. Februar 2018 30. Juni 2019 · Lesezeit ...

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Binance CEO Says Bitcoin Mining May Move to Cheaper Places ...

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