Bitcoin is VAT-exempt in Spain - page 2.

Get-Paid.com

sr. member

Activity: 1842

Merit: 389

Quote from: RodeoX on April 20, 2015, 01:34:22 PM

Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?

Yes, I agree, there are no free gifts, there's always a catch.
The EUR currency is doing so bad now that Spain needs to attract foreign investments.

It seems like the EUR is a failure and is destined to break apart, and once it happens after the big-boom all European countries would have to go back to their old currencies (e.g. Greece to the Drachma, Germany to the Deutschmark etc.).

countryfree

legendary

Activity: 3052

Merit: 1047

Your country may be your worst enemy

Those are good news, but that's only logical. I understand a country may wish to tax capital gains with BTC, but nobody has ever seen VAT or any kind of sales tax to a currency.

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: Snail2 on April 20, 2015, 11:38:06 AM

Bitcoin trading and mining is also VAT exempt in the UK, but if you selling stuff (goods, services) for BTC you have to pay VAT just like if you selling stuff for sterling. Actually this is an EU policy.

Unfortunately it's not.. In Estonia bitcoin comes under VAT.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: RodeoX on April 20, 2015, 01:34:22 PM

Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?

Bro, you can go to Cyprus and start ANY Bitcoin related business there. No Tax, No regulations.
They are still trying to figure out a way how to handle Danny's rip off with Neo-Bee.

Btw, did you change your avatar?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?

defcon23

legendary

Activity: 1120

Merit: 1002

Quote from: Shawshank on April 20, 2015, 10:02:32 AM

In response to a legally binding enquiry, the Directorate-General for Taxes in Spain ("Dirección General de Tributos") has announced that the buying and selling of Bitcoins is VAT-exempt.

The announcement has already been published at the website of the Ministry of Finance:
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0&AP=&AC=&IP=50&IC=7

Fantastic news ! i really hope France is going to take the same choice .. Roll Eyes

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: Shawshank on April 20, 2015, 10:02:32 AM

In response to a legally binding enquiry, the Directorate-General for Taxes in Spain ("Dirección General de Tributos") has announced that the buying and selling of Bitcoins is VAT-exempt.

The announcement has already been published at the website of the Ministry of Finance:
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0&AP=&AC=&IP=50&IC=7

Thats a great news, this should make more people adapt Bitcoin, Spain has made a good decisions by making it VAT- exempt, if Spain can make it more mainstream, It will help it in the time of crisis

Snail2

legendary

Activity: 1512

Merit: 1000

Bitcoin trading and mining is also VAT exempt in the UK, but if you selling stuff (goods, services) for BTC you have to pay VAT just like if you selling stuff for sterling. Actually this is an EU policy.

https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: Lboss on April 20, 2015, 10:25:08 AM

Quote from: Shawshank on April 20, 2015, 10:02:32 AM

In response to a legally binding enquiry, the Directorate-General for Taxes in Spain ("Dirección General de Tributos") has announced that the buying and selling of Bitcoins is VAT-exempt.

The announcement has already been published at the website of the Ministry of Finance:
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0&AP=&AC=&IP=50&IC=7

Good news for Spain. I think "Money" or medium of change things shouldnt be obliged to VAT.

Countries like Spain can get an advantage by accepting BTC legally, especially when an economic crysis approaching.

I don't think they would like that level of liberty for their citizens. Unfortunately most governments want control, and Bitcoin is not something they can control. It's still good news that Bitcoin can bypass the VAT nightmare.
In spain they have interesting ways to withdraw money with 0% commission in ATM's through halcash, namely Bit2me and BTCpoint.

josef2000

sr. member

Activity: 280

Merit: 250

Bro, you need to try http://dadice.com

Wow, nice to hear. Is spain the first country that officially announced this?
Spain is a big country, this encourages more and more people to get into bitcoin. Especially when the country is very weak in financial status, such things would really help.

Btw, I think this post should be moved to the NEWS section

LiteCoinGuy

legendary

Activity: 1148

Merit: 1011

In Satoshi I Trust

good news

http://lawandbitcoin.com/en/bitcoin-is-vat-exempt-in-spain/

Lboss

sr. member

Activity: 412

Merit: 251

Quote from: Shawshank on April 20, 2015, 10:02:32 AM

In response to a legally binding enquiry, the Directorate-General for Taxes in Spain ("Dirección General de Tributos") has announced that the buying and selling of Bitcoins is VAT-exempt.

The announcement has already been published at the website of the Ministry of Finance:
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0&AP=&AC=&IP=50&IC=7

Good news for Spain. I think "Money" or medium of change things shouldnt be obliged to VAT.

Countries like Spain can get an advantage by accepting BTC legally, especially when an economic crysis approaching.

Shawshank

legendary

Activity: 1623

Merit: 1608

In response to a legally binding enquiry, the Directorate-General for Taxes in Spain ("Dirección General de Tributos") has announced that the buying and selling of Bitcoins is VAT-exempt.

The announcement has already been published at the website of the Ministry of Finance:
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0
http://petete.minhap.gob.es/Scripts/know3.exe/tributos/CONSUVIN/texto.htm?NDoc=33794&Consulta=bitcoin&Pos=0&AP=&AC=&IP=50&IC=7

Topic: Bitcoin is VAT-exempt in Spain - page 2. (Read 3554 times)