The Tender For Law

Volume 12

Oct 22, 2015 10:46 AM

Anibal Jose Baez

<<�Transactions to exchange traditional currencies for units of the bitcoin virtual currency (and vice versa) constitute the supply of services� under the bloc�s law �since they consist of the exchange of different means of payment,� the court ruled. As such they are exempt from value-added taxes, it said.>>

EU's Top Court Rules That Bitcoin Exchange Is Tax-Free

bloom.bg/1Gjxe5S

Bitcoin and other virtual currencies can be exchanged tax free, the EU�s top court ruled on Thursday.