A ruling from the European Court of Justice today said that bitcoins and equivalent to banknotes and other forms of money and don’t attract value added tax (VAT).
Sweden put in a request for legal clarification because the taxman there said bitcoin shouldn’t be exempted from VAT.
But the court ruled that bitcoins are a method of payment and so were exempt under a European directive.
A report in Reuters said the court said “[bitcoin] transactions are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender”.
http://www.techeye.net/news/europe-s...nt-attract-vat
Europe says bitcoins don’t attract VAT
23rd October 2015, 10:01
Europe says bitcoins don’t attract VAT 
