- The case concerned whether the sale (exchange) of fiat and virtual currencies received as payment for services is subject to VAT.
- The tax authority (KIS) stated such transactions are taxable but exempt from VAT for the company.
- The Administrative Court in Kraków overturned this interpretation, ruling the company acts as a service recipient, not a provider, in currency exchanges.
- The court emphasized that exchanging received currencies does not constitute business activity or generate profit for the company.
- The ruling clarifies that using cryptocurrencies or foreign currencies as payment does not mean a company is engaging in financial services.
Source: mddp.pl
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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