Fernando Matesanz of Spanish VAT Services discusses the VAT treatment of transactions carried out with certain cryptoassets.
The VAT treatment of transactions carried out with certain crypto assets is a controversial issue as these are products that are difficult to classify from a legal perspective and are constantly evolving due to the speed of change in the digital economy.
Source International Tax Review
See also C-264/14 (Hedqvist) – Buying and selling Bitcoin is exempt from VAT
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