Bitcoin is officially tax-free in Europe

The European Court of Justice ruled on Thursday that Bitcoin and other virtual currencies can be exchanged tax-free, reports Bloomberg. The order follows a dispute in Sweden that arose last June between the nation’s tax authority and Bitcoin forum operator Daniel Hedqvist over whether cryptocurrencies should be granted tax-free status in the country. In July, the court’s Advocate General said in an opinion document that Bitcoin operations should be exempt from Value Added Tax (VAT). ➤ EU’s Top Court Rules That Bitcoin Exchange Is Tax-Free [Bloomberg]

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Bitcoin is officially tax-free in Europe

The European Court of Justice ruled on Thursday that Bitcoin and other virtual currencies can be exchanged tax-free, reports Bloomberg. The order follows a dispute in Sweden that arose last June between the nation’s tax authority and Bitcoin forum operator Daniel Hedqvist over whether cryptocurrencies should be granted tax-free status in the country. In July, the court’s Advocate General said in an opinion document that Bitcoin operations should be exempt from Value Added Tax (VAT). ➤ EU’s Top Court Rules That Bitcoin Exchange Is Tax-Free [Bloomberg]

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