bitcoin tax

“Whether a VAT will apply depends on the parties involved in the transaction as well as the nature of the good or service. Therefore taxation of the digital assets must be determined on a case-by-case basis. The AT determined that if a token is used in an exchange for a good or service, or for a function such as to execute an EDCC, it should not be exempt from a VAT. However a coin could qualify for an exemption when exchanged for another currency or legal tender.”

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