Sales Tax
The New York State Department of Taxation and Finance has said that bitcoin purchases will not be subject to sales taxes. According to a tax guidance memorandum from the agency’s Taxpayer Guidance Division dated 5th December (hat tip Marco Santori), digital currencies are a type of “intangible property” and, as such, are not subject to […]
Japan’s plans to drop an 8% sales tax on bitcoin purchases could begin as early as July 2017.