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How do bitcoin-selling sites deal with taxes?

Posted: Tue Aug 21, 2018 6:38 pm
by sadiammar
There are several websites operating in europe that sell bitcoins, are bitcoin sales not subjected to VAT? Why?

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

Posted: Fri Aug 09, 2019 9:26 am
by BenFormer
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".

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

Posted: Fri Aug 23, 2019 5:32 am
by olliecrypto
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.

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

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