The case was referred to the CJEU by a court in Sweden that was asked by the country’s tax authority to clarify whether Bitcoin was a currency or a commodity. Under tax rules, gains made from currency transactions are exempt from capital gains tax and VAT, while those from other investments are not. The query was raised by a Bitcoin trader in Sweden who intended to exchange Bitcoin for other ... "Bitcoin" and VAT - CJEU Case C-264/14 Published on October 23, 2015 October 23, 2015 • 10 Likes • 0 Comments. Therapon Mafkas Follow Executive Director Vell Holdings Ltd. Like 10; Comment 0 ... In practice, it will be interesting to see how tax authorities handle bitcoin payments for VAT purposes, especially since many jurisdictions require local VAT reporting to be done and VAT invoices to be issued in local currency, leading to questions about the applicable conversion rate. However, this ruling applies to only one aspect of digital business activity. We expect that this CJEU case ... Status to date. In my post ”Happy New Tax Year with Bitcoin and other cryptocurrencies (3)”, I presented the current status of the VAT treatment of Bitcoin and other cryptocurrencies among other things in regards to the gift tax.The Court of Justice of the EU (on 22/10/2015, C-264/14, DStR 2015, 2433) decided that the exchange of Bitcoin into other currencies is covered by the VAT ... The CJEU, Europe's highest court, said that although the activity constitutes "the supply of services for consideration" under the VAT Directive, it should be considered exempt from VAT under provisions contained in the legislation. The Directive exempts transactions concerning "currency, bank notes and coins used as legal tender", subject to some exceptions, from VAT.
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VAT in Europe - The Accountancy Partnership - Duration: 3:38. ... Recent CJEU Case Law on Consumer Matters - Duration: 46:01. European Law 94 views. 46:01. Plot Summary for The Crucible Act I ... This video is unavailable. Watch Queue Queue. Watch Queue Queue The GMAC case shows how the CJEU insists that Member States apply the Directive; if they have created a VAT problem by implementing their own more favourable laws, then – that is their own problem! Ine Lejeune, Partner, Tax Policy and Liesbeth Vermeire, Managing Associate – Dispute Resolution & Litigation,Law Square, Brussels. / For the premium version,... July saw some positive developments as more of the UK reopened with the support of a VAT cut for the hospitality and leisure industry from 20% to 5%, as well as further details in the Chancellor ...