Bitcoin should be exempt from VAT in Europe the EU’s highest court, the European Court of Justice, ruled today. The court has been hearing a case for numerous months, and has only now come to its recommendation. The EU court stated, Bitcoin transactions "are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender.'' The case was between the Swedish Tax Authority and the nation’s Revenue Law Commission. It commenced only after a Swedish citizen asked for clarification on the VAT on Bitcoin question. That national, David Hedqvist, has sought for […]
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