The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.
Last month, three European Parliament representatives filed a motion seeking to give member-states the power to regulate bitcoin activities.
This week's bitcoin VAT exemption in the European Union was well-met by exchange operators.
Bitcoin in the Headlines is a weekly analysis of bitcoin media coverage and its impact.
Bitcoin transactions will be exempt from Value Added Tax (VAT), the European Court of Justice (ECJ) has ruled.
A court decision on whether bitcoin exchanges in Europe will be required to pay value-added tax (VAT) on user fees is set to be handed down Thursday.
Bitcoin enthusiasts in the European Union have shared their thoughts on the European Court of Justice's (ECJ) proposal for bitcoin VAT exemption.
Bitcoin operations should be exempt from VAT, the Advocate General of the European Court of Justice said in an opinion document published today.
Switzerland's bitcoin community has spoken out following confirmation that bitcoin is exempt from Value Added Tax (VAT) in the country.
Spain's bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country.
EU rules requiring merchants to record the country of residence of their customers could be bad news for pseudonymous payments systems like bitcoin.
Estonia has told the European Court of Justice that VAT should apply to the full amount of digital currency trades, according to a report.
While not yet official, there are hints that bitcoin transactions might not be liable for VAT in the Netherlands.
Finnish regulators have classified bitcoin as a financial service, thus granting it VAT-exempt status.