12+ Skatteverket Bitcoin PNG. Unsurprisingly this decision confirms that an exchange of bitcoin for a traditional currency is a supply of services. This exempts transactions ‘concerning currency, bank notes and coins used as legal tender’ from vat.
Skatteverket Misstanker Omfattande Skattefusk Med Bitcoins Nyheterna Tv4 Youtube from i.ytimg.com
Representations were made to the court that the ‘currency’ exemption should only apply where both currencies being exchanged are legal tender. 5, 2015) on october 22, 2015, the european court of justice (ecj) issued a preliminary ruling on the taxation of bitcoins. Consideration will also need to be given to the expected location of the counterparties to consider the best way to manage any irrecoverable vat costs resulting from supplies made to the bitcoin exchange.
Paul krugman likens bitcoin to a cult that can survive indefinitely nobel laureate paul krugman ….
Whilst this decision is confined to the activities of a bitcoin exchange, there seems to be no reason why it would not equally apply to other virtual currencies provided such currency has no purpose other than to be a means of payment. Paul krugman likens bitcoin to a cult that can survive indefinitely nobel laureate paul krugman …. Given that the only purpose of bitcoin is as a means of payment, the court concluded that the ‘currency’ exemption should apply. The skatteverket, the swedish tax authority, appealed against the revenue law commission’s
