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Topic: [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay... (Read 970 times)

legendary
Activity: 2114
Merit: 1031
Holy crap!  This is huge!

I wonder how many states will be similarly situated?

price should be at 200 USD tomorrow  Tongue

Haha, because everyone will be spending?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Holy crap!  This is huge!

I wonder how many states will be similarly situated?

price should be at 200 USD tomorrow  Tongue
member
Activity: 84
Merit: 10
Bored with you morons.
I'm shocked they didn't try to come up with some ass-backwards way to do it. They seriously turned down an opportunity to tax someone?
legendary
Activity: 2114
Merit: 1031
Holy crap!  This is huge!

I wonder how many states will be similarly situated?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay Sales Tax

The New York State Department of Taxation and Finance has said that bitcoin purchases will not be subject to sales taxes.

According to a tax guidance memorandum from the agency’s Taxpayer Guidance Division dated 5th December (hat tip Marco Santori), digital currencies are a type of “intangible property” and, as such, are not subject to a sales tax when purchased.

http://www.coindesk.com/new-york-state-tax-agency-bitcoin-buyers-dont-need-pay-sales-tax/
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