Tagbitcoin VAT

European Union to Rule on Bitcoin VAT Today

Getting Bitcoin in the EU could change irrevocably today as the European Court of Justice Advocate General decides on whether to charge value-added tax on the sale of bitcoins or not. While some individual countries such as the United Kingdom have already implemented a strategy regarding Bitcoin, exempting it from VAT and treating it as a foreign currency, the whole EU is subject to the rules...

Good News: No VAT On Bitcoin In Switzerland

Bitcoin users do not have to pay value added tax (VAT) on bitcoin in Switzerland. The Swiss Tax Administration (ESTV) has announced there will be no VAT on bitcoin transactions, according to Bitcoin Association Switzerland. The news brings hope not only to bitcoin users in Switzerland, but worldwide. Switzerland has a global reputation for financial security. Bitcoin supporters want governments...

HMRC Clarifies Tax Treatment Of Activities Involving Bitcoin And Other Similar Cryptocurrencies

Her Majesty's Revenue and Custom (HMRC) is the department in the United Kingdom government that oversees the collection of taxes, similar to the Internal Revenue Service in the United States. This brief, released 3/3/14, "sets out HMRC position on the tax treatment of income received from, and charges made in connection with, activities involving Bitcoin and other similar cryptocurrencies...

Sweden and Norway to add Bitcoin VAT - Norway to implement Bitcoin tax

It has been known recently in the news that the Swedish government wants to add VAT on Bitcoin trading after receiving a request by a Swedish man trying to establish a Swedish Bitcoin exchange (you can read the story here in Norwegian). The man that contacted the Swedish government is very dissatisfied with their answer and tries to combat their views on Bitcoin trading. He believes that if...

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