Topic: Spanish Bitcoin Community Celebrates Bitcoin's VAT Exemption (Read 364 times)
Great news, hope the rest of the countries would follow. How ridiculous it would be that you had to pay VAT for every single conversion between ALTs too? because if they consider it a good, it would mean you would need to pay VAT for alt-to-alt conversion too. How would they even be able to track all of that? lol, its so stupid. Glad they just made it VAT free.
Spain's bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country.
Bitcoin had always been exempt from VAT, but a spokesperson from Spain's tax office, Ministerio de Hacienda, told CoinDesk the decision had been clarified following a question from a bitcoin aficionado.
SOURCE: http://www.coindesk.com/spanish-bitcoin-community-celebrate-bitcoins-vat-exemption/
Bitcoin had always been exempt from VAT, but a spokesperson from Spain's tax office, Ministerio de Hacienda, told CoinDesk the decision had been clarified following a question from a bitcoin aficionado.
SOURCE: http://www.coindesk.com/spanish-bitcoin-community-celebrate-bitcoins-vat-exemption/
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