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VAT Deduction Rightly Denied for Crypto Platform’s Non-EU Transactions, Court Rules

  • A company offered cryptocurrency exchange services via a platform, charging fees and conducting transactions with a US-based crypto exchange.
  • The company deducted VAT related to transactions with customers outside the EU.
  • The tax inspector denied the VAT deduction, and the court upheld this decision.
  • The court reasoned that the company only received services from the US exchange and did not provide services to customers outside the EU; only EU customers used the platform.
  • The VAT assessments were correctly imposed.

Source: fiscount.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.



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