Commission presses Member States on VAT revenue collection
This important study highlights once again the need for further reform in VAT collection systems across the EU. I urge Member States to take the steps needed to fight tax evasion and tax fraud at all levels. This remains a burning issue and is at the top of this Commission's agenda."
Opinion Of Advocate General Kokott: Tax legislation – Value-added tax – Exchange of the virtual currency – bitcoin – for a conventional currency
In these proceedings the Court of Justice will for the first time address the question of the treatment for VAT purposes of the exchange of the virtual currency âbitcoinâ for conventional currencies. To this end, further clarification is required of the scope of the exemptions for financial transactions in particular.
Switzerland Reportedly Eliminates VAT For Bitcoin Transactions
Swiss bitcoiners can collectively let out a big sigh of relief on the news that bitcoin transactions will not be subjected to Value-Added-Tax (VAT) in their country. If it would have been enforced, it would have meant double taxation for bitcoiners.
