VAT news tagged as "Trading"

Australia

No tax reprieve for bitcoin in Australia

March 6th, 2015

Australia has ruled out the prospect of reforming its punitive Goods & Services Tax regime on the trading of digital currencies such as bitcoin. Currently, Australian GST is levied on bitcoin transactions as a barter deal under terms set by the Australian Taxation Office. This in effect subjects currencies sales and purchases to double taxation …


Europe

EU to review VAT on Bitcoins

July 22nd, 2014

The European Union is to step in to clarify the Value Added Tax treatment on the trading of cryptocurrencies, such as Bitcoin. Sweden has prompted the investigation, fearing its own initial tax pronouncement is being undermined by the UK’s revised position issued in March this year. European Court of Justice to clarify VAT liability Sweden …