D.H.



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Sr. MemberActivity: 311Merit: 250Bitcoin.se site owner Good news regarding Bitcoin and VAT in Sweden October 21, 2013, 07:45:00 PM #1



First of all, they state that exchanging between regular currency and Bitcoin does not imply consumtion, i.e. Bitcoin is not treated as a good or a service, so there is no VAT on bitcoins themselves. With regards to VAT it is treated as any other currency.



Second of all, they reach the decision that the service that I provide is also excempt from VAT, i.e. there should be no VAT added to the commission that I would take.



I have written about this in Swedish This is related to the thread Bitcoin and VAT in the EU but I think that it deserves its own thread. About a year ago I requested an advance ruling from Skatterättsnämnden (the tax board?) in Sweden regarding Bitcoin and VAT. An advance ruling in this case means that their decision is legally binding for the tax agency in Sweden (Skatteverket) and a general administrative court (allmän förvaltningsdomstol) if the applicant wants to use it. The case that I presented was that I would be buying bitcoins from an exchange (e.g. Mt.Gox) and then sell them on to Swedish customers. Last week I finally received their decision and it was good news!First of all, they state that exchanging between regular currency and Bitcoinimply consumtion, i.e. Bitcoin is not treated as a good or a service, sothemselves. With regards to VAT it is treated as any other currency.Second of all, they reach the decision that the service that I provide is also excempt from VAT, i.e. there should bethat I would take.I have written about this in Swedish on bitcoin.se with some quotes from the ruling but it is hard for me to translate the legal stuff to english. I only have it on paper right now but the ruling will be public on the homepage of Skatträttsnämnden , hopefully later this week. www.bitcoin.se - Forum, nyheter och information på svenska! (Forum, news and information in Swedish) (Forum, news and information in Swedish)

Technomage



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Affordable Physical Bitcoins - Denarium.com







LegendaryActivity: 2184Merit: 1053Affordable Physical Bitcoins - Denarium.com Re: Good news regarding Bitcoin and VAT in Sweden October 21, 2013, 08:20:58 PM #3 This is indeed good news. We've also seen developments on the taxation side in Finland. As far as I understand, this is also the case in Finland, so no VAT when selling bitcoins. Right now we're looking at selling bitcoins with a Bitcoin ATM without any VAT. Fees can be included in the exchange rate and no VAT required at all. This is a very positive development. here! Denarium closing sale discounts now up to 43%! Check out our products from

Ente



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LegendaryActivity: 2126Merit: 1001 Re: Good news regarding Bitcoin and VAT in Sweden October 21, 2013, 09:06:46 PM #5 Wow, indeed good news, and great work!



In Germany, you can't simply buy and sell bitcoins as sort of a business, you would need to get a (money transmitter? "banking"?) licence for this. Buying and selling for your private, personal needs is all fine (and income-taxable if not held for one year minimum).

I didn't follow this for other countries, how about exchanging bitcoins on a professional scale in Sweden and Finland? Would you need a licence? Or is "I pay taxes on my profit" all you need to do?



Ente

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NewbieActivity: 57Merit: 0 Re: Good news regarding Bitcoin and VAT in Sweden October 21, 2013, 11:02:23 PM #14 Soo, what happens if one EU country treats bitcoin like currency and another like commodity, gift card or whatever. I mean, the EU is a single VAT area (or something similar, meaning only the rates are different)? Do I have to open a company in Sweden to do business in EU ( just using bitcoin for payments, not doing banking, exchanges or brokerage)?

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NewbieActivity: 36Merit: 0 Re: Good news regarding Bitcoin and VAT in Sweden October 22, 2013, 09:35:51 AM #17 Quote from: D.H. on October 21, 2013, 07:45:00 PM does not imply consumtion, i.e. Bitcoin is not treated as a good or a service, so there is no VAT on bitcoins themselves. With regards to VAT it is treated as any other currency.



Second of all, they reach the decision that the service that I provide is also excempt from VAT, i.e. there should be no VAT added to the commission that I would take.



I only have it on paper right now but the ruling will be public on the

First of all, they state that exchanging between regular currency and Bitcoinimply consumtion, i.e. Bitcoin is not treated as a good or a service, sothemselves. With regards to VAT it is treated as any other currency.Second of all, they reach the decision that the service that I provide is also excempt from VAT, i.e. there should bethat I would take.I only have it on paper right now but the ruling will be public on the homepage of Skatträttsnämnden , hopefully later this week.

Great work and great news! As you might have read in the Scandinavian sub-forum we (Justcoin) received a similar answer from the Norwegian tax agency in August, followed by a withdrawal of their statement earlier this month. Both the original statement concluding trading in Bitcoin is exempt taxation and the withdrawal of this statement can be found here.



I am interested in getting in touch with you and possibly receive a copy of the documentation you have received from Skatterattsnamnden? It could be highly useful as a precedent when speaking to the Norwegian tax agency. My mail is Great work and great news! As you might have read in the Scandinavian sub-forum we (Justcoin) received a similar answer from the Norwegian tax agency in August, followed by a withdrawal of their statement earlier this month. Both the original statement concluding trading in Bitcoin is exempt taxation and the withdrawal of this statement can be foundI am interested in getting in touch with you and possibly receive a copy of the documentation you have received from Skatterattsnamnden? It could be highly useful as a precedent when speaking to the Norwegian tax agency. My mail is klaus@justcoin.com

caveden



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LegendaryActivity: 1106Merit: 1002 Re: Good news regarding Bitcoin and VAT in Sweden November 05, 2013, 11:38:44 AM #19 Quote from: D.H. on November 04, 2013, 08:04:07 PM Apparently Skatteverket ("the tax authorities", "IRS") has appealed the decision



Do you know what exactly are they appealing for?

It is to be able to tax commissions earned by exchanges as if it was a taxable service, or is it because they want bitcoins units themselves to be subject to VAT like a consumption good?

The former would be bad, but well, it's just the same think for every kind of service. But the latter is much more catastrophic. Do you know what exactly are they appealing for?It is to be able to tax commissions earned by exchanges as if it was a taxable service, or is it because they want bitcoins units themselves to be subject to VAT like a consumption good?The former would be bad, but well, it's just the same think for every kind of service. But the latter is much more catastrophic.