The Court decided not to levy VAT transactions in Bitcoins Bashny.Net

Bitcoin is a currency. Possession does not bear any purpose other than the possibility of their re-use as a currency in the future. In this regard, they must be considered as any legal currency in terms of the calculation of value added tax. Blockquote> The representatives of the Swedish tax authorities were dissatisfied with such a decision, and considered the arguments of the court were inconclusive and that the court had misunderstood the statement question.

Hedkvist, assisted by a lawyer of one of the most prestigious European firms Mannheimer Swartling, a job that pays the representatives of Swedish industry Bitcoin, who rightly judged that such a tax exemption would be beneficial for them.

Hedvkist said: "For the representatives of the business decision will be very important because it determines the size of their commissions. And for themselves Bitcoin is also very important to be able to classify them into the conventional currencies. New technologies should not be hampered by lagging obsolescent laws and regulations. »

European Directorate for Taxes (Directorate-General for Taxation and Customs Union) in April already exempt from VAT transactions in Bitcoins in Spain, Britain and Germany, on the grounds that Bitcoins are a means of payment or financial instrument, so they should be classified as financial services rather than property or goods.

If the preliminary ruling will remain in effect, the VAT will disappear from the operations of Bitcoins in a large number of European countries.

In Russia the status of Bitcoin has not officially defined. First Bank of leaning towards a total ban transactions with them, but then because of extensive consultations became change their minds . In addition, in a positive way about virtual currencies expressed in a recent speech, President Russia.

Source: geektimes.ru/post/259058/