News

European Court rules Bitcoin exchanges tax-free

Friday 23 October 2015 13:07 CET | News

Europe’s top court has ruled that purchasing Bitcoin through exchanges will not be subject to value added tax (VAT).

The European Court of Justice ruled that digital currencies like Bitcoin should be treated in the same way as fiat currency and consumers should not be taxed when trying to buy or sell them.

The case was brought before the court after Swedish man David Hedqvist sought to set up a Bitcoin exchange in his home country allowing people to buy and sell Bitcoin using Swedish krona. The Swedish Tax Authority referred the issue of whether Bitcoin exchanges should be tax exempt to the Court of Justice.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, blockchain, VAT, taxes
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events