- Bitcoin exchange transactions are exempt from VAT.
- The EU Court ruled that exchanging traditional currency for bitcoin is a service, not a good.
- The service is performed for consideration, with the margin as the fee.
- The VAT exemption aims to simplify tax issues in financial transactions.
- The ruling supports the use of bitcoin as an alternative payment method.
Source: btwinstituut.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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