Accounting, Payroll, Tax & Legal since 1989

The exchange of ‘bitcoin’ into traditional currency – VAT treatment

EUCJ ruled, that aforementioned transactions constitute the supply of services for consideration and are exempt from VAT according to article 135 (1) e of Directive 2006/112. The exchange of virtual currency bitcoin into traditional currencies are treated as currency, bank notes and coins used as legal means of payment.

13.01.16


Latest articles

18

Jan

Baltic tax rates from 1 January 2022

15

Jun

State aid for salary in Lithuania

2

Jun

Updated rules and restrictions for Quarantine

Contact