No VAT Deduction for Crypto Exchange Fees When All Clients Reside Within the EU

• X BV operates a digital platform for buying and selling cryptocurrency and pays fees for exchange transactions.
• All of X BV’s customers are located within the EU.
• The court ruled that X BV does not have customers outside the EU and cannot deduct VAT on the costs of cryptocurrency exchange transactions.
• The services between X BV and its customers, and between X BV and B, are considered separate.
• X BV’s appeal was dismissed.

Source: taxlive.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---