Topic: BTC is money sais EU court - page 2. (Read 3210 times)
no, it is a commodity. i want some blockshares!
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
IRS view bitcoin as a property yet they tax it and it isn't exempt from vat there
i'm lucky that i'm in euro, this is definitely a good news for us, for this alone bitcoin should grow better here
Does bitcoin attract vat in the US or just as a kind of income and you have to pay tax on it?
Hip Hip Hurray,no more 23% vat taxfor btc in my country,maybe now merchant what accept btc will appear
great news
great news
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
IRS view bitcoin as a property yet they tax it and it isn't exempt from vat there
i'm lucky that i'm in euro, this is definitely a good news for us, for this alone bitcoin should grow better here
According to the Financial Times, the ECJ said that bitcoin transactions "are exempt from VAT under the provision concerning transactions
relating to currency, bank notes and coins used as legal tender."
So it is money.
relating to currency, bank notes and coins used as legal tender."
So it is money.
Good to hear that. The EU seems to have taken the right decision.
The question is why would Swedish tax authorities want to impose VAT on it?
The question is why would Swedish tax authorities want to impose VAT on it?
At least as far as EU court thinks
http://www.cnbc.com/2015/10/22/reuters-america-bitcoin-currency-exchange-not-liable-for-vat-taxes-top-eu-court.html
http://www.cnbc.com/2015/10/22/reuters-america-bitcoin-currency-exchange-not-liable-for-vat-taxes-top-eu-court.html
Well, I think they made the right decision. I mean for me any decision of a court which makes holders of Bitcoin feel better is right. )
Quote
"Those transactions are exempt from VAT under the provision concerning transactions relating to 'currency, bank notes and coins used as legal tender'," the ECJ concluded.
At least as far as EU court thinks
http://www.cnbc.com/2015/10/22/reuters-america-bitcoin-currency-exchange-not-liable-for-vat-taxes-top-eu-court.html
http://www.cnbc.com/2015/10/22/reuters-america-bitcoin-currency-exchange-not-liable-for-vat-taxes-top-eu-court.html
Well ofcourse it is. Bitcoin being a virtual currency has a high value when converted to fiat or real money. My thought is if something has a value that works just like how fiat works it is money.
It's like back when on the ancient times where you use items to do trades, then comes the coins created to trade, until today to the fiat we use to exchange services and other stuffs, we are heading to the part where we use a virtualcoin to trade.
Well you can Andreas if it is or isn't money. He has been living on Bitcoin for a while now. Member here called Elwar I think, it's also somehow living off Bitcoin. If you get paid in Bitcoin I guess it's really cool and convenient, not so much if you have to buy it. If you have to buy it, you tend to give it a use of more like gold, something you want to hoard, while you keep using fiat for groceries and whatnot.
PS: I still don't understand how taxes with BTC work.
PS: I still don't understand how taxes with BTC work.
Basically every that people would want to exchange for other things is money. Bitcoin however is virtual and cannot be physically regulated by the government and are very hard to trace the transactions.
But I don't understand how the government would regulate it and take taxes from every person...
But I don't understand how the government would regulate it and take taxes from every person...
well, is not EU who should tell you what is money and whats not, is the people who decide whats is money and whats not.
ofc that bitcoin is money, you just need two people who accept it as a change.
btw besides it, thats a good news, things are going in a good way.
ofc that bitcoin is money, you just need two people who accept it as a change.
btw besides it, thats a good news, things are going in a good way.
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
Bitcoin is many things. First of all a powerful technology, than also a currency, commodity and who knows for what else will people be using it and what applications will be able to be developed on the top of the Bitcoin blockchain.
Very nice decision for Bitcoin indeed. Once again it is confirmed that EU is the softest toward the Bitcoin of all of the parts of the world. Hope others will follow.
Just about right, actually. Good thing that the ECJ finally come up with a concrete explanation why bitcoin shouldn't be subjected to consumption taxes. 
I can change my currency to USD without a hassle anytime, too.
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
I can change my currency to USD without a hassle anytime, too.
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
The same can be said about US dollars etc etc.
A sensible decision by the ECJ! Hopefully will pave the way for other jurisdictions to reach the same conclusions
And you can't exchange one fiat currency to any another currency?
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
And you can't exchange one fiat currency to any another currency?
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
as i think before,not just a virtual currency
You didn't open the link did you?This is great. It was about time that someone did something right. Good job EU.
as i think before,not just a virtual currency
At least as far as EU court thinks
http://www.cnbc.com/2015/10/22/reuters-america-bitcoin-currency-exchange-not-liable-for-vat-taxes-top-eu-court.html
http://www.cnbc.com/2015/10/22/reuters-america-bitcoin-currency-exchange-not-liable-for-vat-taxes-top-eu-court.html
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