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The most popular Swedish news site, Dn.se, has reported the European Court of Justice as stating, “Bitcoin is a means of payment and that the exchange should therefore be exempted VAT obligations.”
On October 22, 2015, the European Court of Justice ruled that Bitcoin is a means of payment and its exchange is exempt from VAT in a landmark ruling.
A reclassification of how Value Added Tax (VAT) is to be applied in the EU will force merchants to log user’s location, and make the user pay VAT twice.
The nation of Finland has ruled that Bitcoin services will be exempt of Value Added Tax.
More and more countries are trying to impose some sort of regulation on Bitcoin, US, China, India even Italy made digital coins look like hard fiat cash in the sense of law. However, in UK government institutions are not rushing to intervene.
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The legal adviser to the EU's highest court said that digital currencies like Bitcoin should be exempt from value-added tax, the Factom Foundation has launched a first release candidate, and more news
A 17-year-old jihadist teenager faces up to 15 years in prison for posts about encryption and Bitcoin, Bitreserve has announced that it is dropping fees for currency conversions, and more news
The Spanish tax authorities have published a statement classifying bitcoin; Some of the UK's top bankers are to discuss bitcoin among a fintech discussion panel and more news
Avalara, a company that offers cloud-based tax-compliance software, has just announced it has added Bitcoin to the roster of currencies its platform can handle, the company announced on its blog.
The General Directorate of Taxes (DGT) has announced that virtual currencies such as bitcoin will be exempt from value-added tax (VAT) in Spain
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