On Oct 22, 2015, a European Court of Justice ruled that Bitcoin is a means of remuneration and its exchange is free from VAT in a landmark ruling. But a few people know a implications of this decision. That’s because CoinTelegraph motionless to ask for criticism an gifted bitcoin lawyer. Our consultant is Stefano Capaccioli.
Stefano Capaccioli is CPA, Auditor, Tax litigator, Tax Advisor, Business Consultant, Specialized in Law Tax on Gold, Precious Metals and Cryptocurrencies gives a veteran Comment to Court Of Justice Judgement C-264/14 on bitcoin VAT exemption.
A Comment to Court Of Justice Judgment C-264/14 on bitcoin VAT exemption
The European Court of Justice gave Judgment C-264/14 on a VAT diagnosis of bitcoin and practical currencies, interpreting Article 135 (1) of Directive 112/2006/EC, and in sold a letters d), e) and f). The Judgment C-264/14 announced that bitcoin and cryptocurrencies are VAT free as currency, nonetheless not authorised tender.
This Judgment constitutes an authentic interpretation of a VAT Directive 2006/112/EC and it is germane in all 28 Member States, harmonizing a VAT diagnosis of bitcoin and constitutes a initial central authorised request in a European Union.
The Decision is of ancestral importance: it