Thursday, April 23, 2015

Spanish Bitcoin Community Celebrates Bitcoin's VAT Exemption

Spain's bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country. Bitcoin had always been exempt from VAT, but a spokesperson from Spain's tax office, Ministerio de Hacienda, told CoinDesk the decision had been clarified following a question from a bitcoin aficionado. The confirmation is based on the interpretation of EU VAT Directive 2006/112/CE, which recognises bitcoin as "financial service".Continue reading at...-> read more
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