sadiammar
Posts: 5
Joined: Tue Aug 21, 2018 2:26 pm

How do bitcoin-selling sites deal with taxes?

Tue Aug 21, 2018 6:38 pm

There are several websites operating in europe that sell bitcoins, are bitcoin sales not subjected to VAT? Why?

User avatar
BenFormer
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 157
Joined: Tue Sep 18, 2018 2:09 pm
Location: Amsterdam

Re: How do bitcoin-selling sites deal with taxes?

Fri Aug 09, 2019 9:26 am

I have read that the trade of 'bitcoins' is not subject to VAT, because these services fall under the exemption to transactions which are " by there nature, financial services, even though they do not necessarily have to be carried out by banks or financial institutions".

olliecrypto
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 37
Joined: Wed Mar 20, 2019 3:57 pm
Contact: Website

Re: How do bitcoin-selling sites deal with taxes?

Fri Aug 23, 2019 5:32 am

It's usually up to the end-user to report taxes.
I've known a few people with tons of bitcoin and alts that haven't bothered reporting their holdings for a while, as they figure they'll just get a letter in the mail demanding payment one day.
Gunbot - The profit generating crypto trading bot
There is currently a summer sale, 80% off
http://www.thecryptobot.com

Return to “Legal”

Who is online

Users browsing this forum: No registered users and 4 guests