Ron Burgundy Posted October 22, 2015 Share Posted October 22, 2015 Exchanging traditional currency for the digital currency bitcoin online should be exempt from consumption taxes just like other transactions of banknotes and coins, the European Court of Justice said on Thursday. Europe's highest court ruled in response to a request by Swedish tax authorities, who had argued bitcoin transactions should not be covered by a European Union directive exempting currency transactions from value added tax (VAT). "Those transactions are exempt from VAT under the provision concerning transactions relating to 'currency, bank notes and coins used as legal tender'," the ECJ concluded. View the full article Quote Link to comment Share on other sites More sharing options...
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