Landmark EU Bitcoin Ruling
London - The Court of Justice of the European Union on 22 October 2015 ruled that services such as bitcoin should be exempt from value added tax in all 28 EU countries, and should be treated the same as other transactions involving bank notes and coins.
David Hedqvist, the Swedish taxpayer seeking to provide a service for the exchange of digital currency bitcoin with other traditional currencies without paying value added tax, was represented by Swedish law firm Mannheimer Swartling. The firm’s team was led by
“The CJEU’s ruling that bitcoins are exempt from VAT raises interesting issues on a global level,” said
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