Australia is going to cut general sales tax for acquiring digital currency, aiming to help local fintech startups run their businesses in the country.
The Financial Services Agency will soon present its plan to recognize bitcoin as fulfilling the functions of currency while the problem of bitcoin taxation remains unsolved and hotly debated.
The question about exemption of bitcoin transactions from VAT has finally been solved after three years of silence.
Living Room of Satoshi has recently reopened for business after closing for two months due to introduced unfavourable tax laws.
The New York State Department of Taxation and Finance has stated that transactions made with cryptocurrencies are not subject to sales taxes.
Problems of digital currency taxation, following IRS’s decision to treat it as property.
European Court of Justice is expected to deliver a decision on bitcoin VAT after a recent legal referral in the EU.
Austrian cabinet ministers offered guidance on the status of bitcoin.
The latest news related to the legal status of digital currencies in Poland stated that local tax authorities announced the sale of mined bitcoins is subjected to a VAT (value-added-tax) of 23%.