Bitcoin is Exempt from VAT, Rules European Court of Justice
Bitcoin transactions will be exempt from Value Added Tax (VAT), the European Court of Justice (ECJ) has ruled.
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.
Last month, three European Parliament representatives filed a motion seeking to give member-states the power to regulate bitcoin activities.
The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.
This week's bitcoin VAT exemption in the European Union was well-met by exchange operators.
Bitcoin in the Headlines is a weekly analysis of bitcoin media coverage and its impact.