Trading with virtual currencies is considered a financial transaction, and as such is exempt from value added tax in the EU, based on the judgement of the European Court of Justice. Notwithstanding the above statement, VAT may be applicable to virtual currencies if they are used to pay for purchased goods and services, since such transactions are subject to VAT as if the euro was used as the transaction currency.
Source: WTS
Latest Posts in "Slovakia"
- Slovak Republic Plans Digital Services Tax to Target Multinational Tech Giants for Local Revenue
- Slovakia’s New VAT Return Form: Key Changes and Business Implications for 2025
- Slovakia to Implement E-Invoicing and Real-Time Reporting by 2027, Expanding in 2030
- Slovakia Digital Services Tax proposal
- Slovakia’s E-Invoicing Mandate: Transforming Business Operations and Enhancing Competitive Edge by 2027