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Bitcoin operations should be exempt from Value Added Tax ( VAT), the Advocate General of the European Court of Justice said in an opinion document published today. Unofficial document for media use, not binding on the Court of Justice.


It is for the national court tribunal to dispose of the case in accordance with the Court’ s decision, which is similarly binding on other national courts tribunals before which a similar issue is raised. The full text of ropean Court of Justice Official Proposes Bitcoin VAT Exemption. Bitcoin european court of justice.
Citing existing exemptions for currency money transactions in Europe' s VAT Directive . The European Court of Justice ruled last week that Bitcoin is now exempt of VAT ( value added tax) can now be bought , traded as traditional money throughout the European ropean Court of Justice Official Proposes Bitcoin VAT Exemption – CoinDesk CoinDesk Bitcoin operations should be exempt from Value Added Tax ( VAT) the Advocate General of the European Court of Justice said in an opinion document published today.
August 15 2018 bitcoin

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How can the answer be improved? Bitcoin is Exempt from VAT, Rules European Court of Justice.

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The European court first looked into bitcoin taxation in June last year after the Skatterverket – Sweden' s tax office – challenged a court decision that ruled bitcoin transactions in the country should be exempt from VAT, following a dispute with bitcoin forum operator Daniel ropean Court of Justice: Bitcoin is a currency and exchanges are VAT- exempt. Member states had previously come to their own decisions on the VAT- status of Bitcoin, with Poland levying a 23% VAT and the UK making Bitcoin trading exempt from VAT in a ruling in urt Confirms Opinion.

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The ruling follows moves by European governments to exempt bitcoin from VAT, such as the United Kingdom. The European Central Bank ( ECB) published a report recognizing virtual currencies growth. The report, “ Virtual currency schemes – a further analysis, ” contained 37- pages regarding the risk of bitcoin and their ropean Union law or the validity of a European Union act.

The Court of Justice does not decide the dispute itself.

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