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Title: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: microchoveur on October 22, 2015, 06:12:45 PM There is the post guys, make sure it goes to reddit frontpage so everyone in the world will know bitcoin is now an official currency in the european fucking union ! For those wondering about the importance of this event, well... European Union is simply the biggest economy in the entire world. cf : https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) https://www.reddit.com/r/Bitcoin/comments/3pu6v7/by_ruling_that_%C6%80itcoin_exchange_is_taxfree/ V I C T O R Y TL;TR Well dudes, it means that the EUJC (European Union Justice Court) decided that the transfer from EUR to BTC is tax exempt... BECAUSE THEY OFFICIALLY CONSIDER BITCOIN AS A F-C-K-I-N-G CURRENCY Title: Re: [BIG EVENT] The new top EU court decision really needs to go on reddit frontpage Post by: cellard on October 22, 2015, 06:35:06 PM Really nice by EU to not ruin everyone's savings with ridiculous taxes. I wonder how they will actually tax the stuff tho. I still don't know how to do it. Do you tax your stack of BTC and pay %increment in your total wealth, your BTC total, or you need to put every single trade you ever did? (I think Americans have to do this which is insanely annoying). Im not an economist and usually hand my taxes to my brother which knows how this stuff works, but I asked about Bitcoin and he didn't know what it is.
Title: Re: [BIG EVENT] The new top EU court decision really needs to go on reddit frontpage Post by: WealthyBastard on October 22, 2015, 07:51:12 PM AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA AHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAA I KNEW IT I FUCKING KNEW IT YES YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEES WE FUCKING WIN https://media.giphy.com/media/GvLbiVQfYDCtW/giphy.gif Title: Re: [BIG EVENT] The new top EU court decision really needs to go on reddit frontpage Post by: Amph on October 23, 2015, 07:32:29 AM Really nice by EU to not ruin everyone's savings with ridiculous taxes. I wonder how they will actually tax the stuff tho. I still don't know how to do it. Do you tax your stack of BTC and pay %increment in your total wealth, your BTC total, or you need to put every single trade you ever did? (I think Americans have to do this which is insanely annoying). Im not an economist and usually hand my taxes to my brother which knows how this stuff works, but I asked about Bitcoin and he didn't know what it is. there is still taxes on capital gain, this is only for vat, and i'm sure you must declare if you run a serious mining activity in euro, but i presume none is running one that is big enough Title: Re: [BIG EVENT] The new top EU court decision really needs to go on reddit frontpage Post by: Dofus on October 23, 2015, 12:15:02 PM Really nice by EU to not ruin everyone's savings with ridiculous taxes. I wonder how they will actually tax the stuff tho. I still don't know how to do it. Do you tax your stack of BTC and pay %increment in your total wealth, your BTC total, or you need to put every single trade you ever did? (I think Americans have to do this which is insanely annoying). Im not an economist and usually hand my taxes to my brother which knows how this stuff works, but I asked about Bitcoin and he didn't know what it is. there is still taxes on capital gain, this is only for vat, and i'm sure you must declare if you run a serious mining activity in euro, but i presume none is running one that is big enough Well, who cares about the tax free story when there is a currency recognition behind Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN EU !!!!! Post by: microchoveur on October 23, 2015, 12:25:52 PM Wake guys, what the hell on this forum is happening, it seems people don't give a single fuck !
It's not like all these times when you come on this forum and see hundreds of dudes telling you the news of the year everyday, nah. Today, it is really something, not like all these shit events with 0 real meaning used to create insane hype and madness bubble, nah. THIS IS THE BIGGEST BITCOIN EVENT SINCE FEW YEARS Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: VeritasSapere on October 23, 2015, 01:14:58 PM Yeah this news is a really big deal. This is truly huge, prob some of the best news we have had all year relating to Bitcoin in my opinion. I suspect it might take some time for the gravity of this to truly sink in. I also suspect that many of us have grown somewhat desensitized from all of the good news and have started to adopt the thinking that good news is paradoxically linked to a price drop. I am hoping that this news will break that trend.
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: RandomBTCinvestor on October 23, 2015, 01:20:52 PM Yeah this news is a really big deal. This is truly huge, prob some of the best news we have had all year relating to Bitcoin in my opinion. I suspect it might take some time for the gravity of this to truly sink in. I also suspect that many of us have grown somewhat desensitized from all of the good news and have started to adopt the thinking that good news is paradoxically linked to a price drop. I am hoping that this news will break that trend. Exactly what I thought, that's pretty sad in my opinion. Reddit is in the same case, biggest upvoted post on /r bitcoin are some gif, funny images and unrevelant news. But when the time come for something real, nobody reacts, they're all like "yeah that's cool". Nah guys, it's not "just cool", this is the biggest victory Bitcoin had since its creation. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: anthonycamp on October 23, 2015, 01:24:08 PM well im into portugal soo this better be real news im going to have btc more thanks
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: tiggytomb on October 23, 2015, 01:25:13 PM One step closer to people taking it seriously and reaching the massive, this indeed is fantastic news!
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Dofus on October 23, 2015, 01:52:43 PM For those wondering about the importance of this event, well... European Union is simply the biggest economy in the entire world. cf : https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
Title: Re: [BIG EVENT] The new top EU court decision really needs to go on reddit frontpage Post by: cellard on October 23, 2015, 01:54:37 PM Really nice by EU to not ruin everyone's savings with ridiculous taxes. I wonder how they will actually tax the stuff tho. I still don't know how to do it. Do you tax your stack of BTC and pay %increment in your total wealth, your BTC total, or you need to put every single trade you ever did? (I think Americans have to do this which is insanely annoying). Im not an economist and usually hand my taxes to my brother which knows how this stuff works, but I asked about Bitcoin and he didn't know what it is. there is still taxes on capital gain, this is only for vat, and i'm sure you must declare if you run a serious mining activity in euro, but i presume none is running one that is big enough Yeah but what if the Bitcoins you made off a sig campaign are worth 1 million dollars in 10 years and you didn't report a single coin to the IRS (or somewhere else if you are from Europe.. whatever equivalent there's on your country for the taxing agency) Can you run into problems, or you will just get taxed on that million dollar, or whatever amount it is once you decide to tell them you own BTC? It's very confusing. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: USB-S on October 23, 2015, 01:58:45 PM The only way for bitcoin is up from now on. It's just a matter of time when bitcoin eats up current fiats.
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: dothebeats on October 23, 2015, 02:00:29 PM For those wondering about the importance of this event, well... European Union is simply the biggest economy in the entire world. cf : https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) That's why we shouldn't just let this pass on for a day. Also, since Sweden is trying to be the first cashless society in the world, they could implement or use bitcoins side by side with their cards. If othera follow suit, I do not expect a boom in price but rather: 1 bitcoin = 1 bitcoin Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: HeroCat on October 23, 2015, 02:13:44 PM The court judge regarding tax payment only. You can check here http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=1003453 (http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=1003453) :D
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: dothebeats on October 23, 2015, 02:16:50 PM Bitcoin is not a legal payment in EU. The court judge regarding tax payment only. You can check here http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=1003453 (http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=1003453) :D In what part of the document states that it is an illegal form of payment? I couldn't see it anywhere. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Amph on October 23, 2015, 03:13:23 PM Bitcoin is not a legal payment in EU. The court judge regarding tax payment only. You can check here http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=1003453 (http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=1003453) :D it's just not regualted, you can use, it, and maybe there are not tax for it, because they don't know how to qualify it yet so aside from vat-free for now bitcoin is partially tax-free in EU Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Hellacopter on October 23, 2015, 03:41:31 PM That's really awesome news..we see that our support for Bitcoin currency have finally good results, and we are happy that Bitcoin become finally legal currency and legal payment method in The EU, the EU isn't small country (respecting every country) it's already the greatest economical community worldwide, so we are really happy to hear this good news
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: RustyNomad on October 23, 2015, 03:50:24 PM Sorry to rain on everybody's parade but bitcoin is not legal tender, yet. It was just placed in the same category as other currencies in terms of VAT.
They did not say that bitcoin was 'legal tender'. If that was the case you can demand to pay for anything and everything in bitcoin within the EU which is not the case, yet. This is how I understood their statement. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: teddy5145 on October 23, 2015, 03:50:51 PM This is probably the best christmas gift i've received this year ;D
First we take the EU then we take america and then the rest of the world ::) Guys, prepare the rockets, we are going to the Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: mtnsaa on October 23, 2015, 04:17:17 PM Actually the VAT exemption happens because it's not a "real" currency I would say. However it's definitely a good announcement going forward because of its relevancy and the attention it generates about Bitcoin.
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Dofus on October 23, 2015, 04:45:32 PM Actually the VAT exemption happens because it's not a "real" currency I would say. However it's definitely a good announcement going forward because of its relevancy and the attention it generates about Bitcoin. What ? U kidding dude ? VAT is not for currencies at all. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: LiteCoinGuy on October 23, 2015, 04:50:40 PM who would have thought that just 3-4 years ago :D
also check out: https://bitcoinmagazine.com/articles/six-questions-to-make-sense-of-the-european-court-of-justice-decision-on-bitcoin-vat-1445533402 Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Daniel91 on October 23, 2015, 05:02:26 PM Congratulation for bitcoin who lives in EU :) Maybe we'll see other country says bitcoin is currency or legal in their country :) It's just matter of time before bitcoin is accepted everywhere :) This is just half victory for us. Still is very long way in the front of us until bitcoin becomes mainstream in Europe, real alternative to other currencies. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: crairezx20 on October 23, 2015, 05:26:06 PM Wow this is amazing this is blessings from bitcoins and trust for some europian people.. This very big news for europian people congrats to all..
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: BitMaxz on October 23, 2015, 05:29:59 PM Yea this is the big bitcoin event that i never seen before congrats for europian people to your victory.I hope that in my country get this victory too.. Again congrats to all europe people... :D
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Mickeyb on October 23, 2015, 06:08:44 PM Congratulation for bitcoin who lives in EU :) Maybe we'll see other country says bitcoin is currency or legal in their country :) It's just matter of time before bitcoin is accepted everywhere :) This is just half victory for us. Still is very long way in the front of us until bitcoin becomes mainstream in Europe, real alternative to other currencies. It is just a half of the victory, but this was a necessary step for us to take in a good direction in order to get to that alternative status with other currencies. This move from the EU also gives me much hope that they will actually regulate Bitcoin in a fair way, if nothing then at least in the whole Europe. Very big news! Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: maokoto on October 23, 2015, 06:10:11 PM As I said in another post, it is great news for presenting Bitcoin to people.
When people stare suspiciously at you when you introduce bitcoin to them, you can show them a newspaper. That alone is great! Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: dothebeats on October 23, 2015, 06:20:01 PM Actually the VAT exemption happens because it's not a "real" currency I would say. However it's definitely a good announcement going forward because of its relevancy and the attention it generates about Bitcoin. You may have interchanged goods for currencies. Goods are subjected to be taxed--in this case, VAT--if it is bought by a consumer whereas currencies aren't. The only time that currencies can be taxed is when it is a capital gain or an income of an individual (at least in our jurisdiction.) Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Invenio on October 23, 2015, 06:25:45 PM Yay, but still a commodity in the U.S. :(
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: randy8777 on October 23, 2015, 06:37:53 PM As I said in another post, it is great news for presenting Bitcoin to people. When people stare suspiciously at you when you introduce bitcoin to them, you can show them a newspaper. That alone is great! for the average joe it's amazing, but i would like to see america follow europe and do the same. but it will probably take a lot time as they use old fashion policies. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: dothebeats on October 23, 2015, 06:43:48 PM for the average joe it's amazing, but i would like to see america follow europe and do the same. but it will probably take a lot time as they use FTFY. US wouldn't follow suit ASAP, that's for sure. They like to monitor everything so that they can assure that all things are under their control. ::) -snip- When people stare suspiciously at you when you introduce bitcoin to them, you can show them a newspaper. That alone is great! Just don't let them see a bad news regarding bitcoin, as they woulf certainly raise an eyebrow together with that suspiscious look. ;) Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: WealthyBastard on October 23, 2015, 10:59:35 PM Guys wtf plz show some enthousiasm omfg
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Pab on October 23, 2015, 11:11:50 PM Legislation from EU Court of Justice,not possible to put down,all EU countrys must to inplamented .And all that during China first in England.But i said nothing,pssst
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: mtnsaa on October 24, 2015, 02:42:53 AM Actually the VAT exemption happens because it's not a "real" currency I would say. However it's definitely a good announcement going forward because of its relevancy and the attention it generates about Bitcoin. You may have interchanged goods for currencies. Goods are subjected to be taxed--in this case, VAT--if it is bought by a consumer whereas currencies aren't. The only time that currencies can be taxed is when it is a capital gain or an income of an individual (at least in our jurisdiction.) Yes my bad, sorry. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: disclaimer201 on October 24, 2015, 03:32:07 AM The news was unexpected and hardly believed possible just a few years ago. This is a great day for Bitcoin and will boost the economy around digital currencies altogether. Last but not least, it's very good for traders to know. Once thing less they have to worry about.
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: dothebeats on October 24, 2015, 03:37:20 AM The news was unexpected and hardly believed possible just a few years ago. This is a great day for Bitcoin and will boost the economy around digital currencies altogether. Last but not least, it's very good for traders to know. Once thing less they have to worry about. Good for EU traders at least, US laws still regard bitcoin as a commodity. If US followed the same path as what EU did, then I think there would be no stopping for rapid growth and acceptance. :D Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Amph on October 24, 2015, 07:30:14 AM The news was unexpected and hardly believed possible just a few years ago. This is a great day for Bitcoin and will boost the economy around digital currencies altogether. Last but not least, it's very good for traders to know. Once thing less they have to worry about. it wasn't unexpected, they had announced it in june already, that they were to making a decision about it, and from what i can tell at that time they were already prone to do it they were only waiting for a confirmation and formalize it Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: lottery248 on October 24, 2015, 07:34:54 AM no shit.
i forgot to buy bitcoin. :( Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Denker on October 24, 2015, 08:44:33 AM Ok ok guys enough with the party.
And now get back to work to make the next step for Bitcoin. Buy Bitcoin, spent Bitcoin and hold Bitcoin!!Show others how to Bitcoin and explain Bitcoin!Code Bitcoin and the entrpreneurs under us build startups with Bitcoin!Thx that's all! Love you all. ;) :-* Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: WealthyBastard on October 24, 2015, 10:12:34 AM Ok ok guys enough with the party. And now get back to work to make the next step for Bitcoin. Buy Bitcoin, spent Bitcoin and hold Bitcoin!!Show others how to Bitcoin and explain Bitcoin!Code Bitcoin and the entrpreneurs under us build startups with Bitcoin!Thx that's all! Love you all. ;) :-* The funny thing is that people can't stop spamming shit for unrevelant and shit events, but when they see a real one, they don't even react... I even saw people telling me they don't live in EU so they don't care, WTF ?! The BCT/reddit community is pure garbage if you want my opinion. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: LiteCoinGuy on October 24, 2015, 10:29:09 AM Ok ok guys enough with the party. And now get back to work to make the next step for Bitcoin. Buy Bitcoin, spent Bitcoin and hold Bitcoin!!Show others how to Bitcoin and explain Bitcoin!Code Bitcoin and the entrpreneurs under us build startups with Bitcoin!Thx that's all! Love you all. ;) :-* The funny thing is that people can't stop spamming shit for unrevelant and shit events, but when they see a real one, they don't even react... I even saw people telling me they don't live in EU so they don't care, WTF ?! The BCT/reddit community is pure garbage if you want my opinion. well, you are making a rude but partly true statement here. :D Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: isvicre on October 24, 2015, 11:04:23 AM This one of the greatest news about Bitcoin. This means there will be free trade with bitcoin (if enough trust is invested on it).
Legality will come in time, wait and see. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: blackmachinegun on October 25, 2015, 02:32:26 AM still waiting until touch some asian country.
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: crairezx20 on October 25, 2015, 10:46:43 AM Some day asia will be next big event victory and will be legal payment method and a currency in asia... Anyway congrats again..
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: InvoKing on October 25, 2015, 11:21:56 AM There is the post guys, make sure it goes to reddit frontpage so everyone in the world will know bitcoin is now an official currency in the european union ! 🎉🎇🎆🎊 Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Hellacopter on October 25, 2015, 01:29:44 PM I think we have to continue the hard work after this victory, we have to continue supporting and advertising Bitcoin everywhere and of course using it as main currency to make our trades
we hope that remaining countries accept BTC as real currency, and that's need continuation of our support and effort Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: WealthyBastard on October 25, 2015, 01:41:20 PM I think we have to continue the hard work after this victory, we have to continue supporting and advertising Bitcoin everywhere and of course using it as main currency to make our trades we hope that remaining countries accept BTC as real currency, and that's need continuation of our support and effort Well, I can't add anything to this :) Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: cjmoles on October 26, 2015, 01:06:12 AM Okay, will somebody please explain what actually happened. When you pay for something with bitcon in the EU you wont get taxed anymore? Or, you wont get taxed when you pay for bitcoin with euro? And, how is that different from how bitcoin is spent in the USA?
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: visual111 on October 26, 2015, 02:35:21 AM as far as I understand, this doesn't mean BTC is a legal payment method. it just means that tx's aren't going to have extra taxes attached
Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: eternalgloom on October 26, 2015, 06:13:55 AM This has got the be the best news the Bitcoin community has received, this year at the least.
Though I had expected more news coverage, it does seem like nobody cares. And I'm really curious to see the implications of this over the next couple of years. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Bitcoininspace on October 26, 2015, 06:15:19 AM This is awesome news.
I remember Finland being the first EU country to tax bitcoins, I think you have to pay taxes for your profit only for now, but VAT taxes are included as well if you import stuff from outside the country like it is with everything else here. :) Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: Amph on October 26, 2015, 08:12:51 AM as far as I understand, this doesn't mean BTC is a legal payment method. it just means that tx's aren't going to have extra taxes attached well yes it's legal, because saying that bitcoin is vat-free, mean that it is regulated, or begin to be regulated, so you can use it, freerly Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: erikalui on October 26, 2015, 11:50:30 AM Okay, will somebody please explain what actually happened. When you pay for something with bitcon in the EU you wont get taxed anymore? Or, you wont get taxed when you pay for bitcoin with euro? And, how is that different from how bitcoin is spent in the USA? Here I have the same doubt. I guess it's only for those in the EU and not worldwide. This way I guess every country needs to accept bitcoins and make it officially legal worldwide. Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: LFC_Bitcoin on October 26, 2015, 12:16:35 PM well yes it's legal, because saying that bitcoin is vat-free, mean that it is regulated, or begin to be regulated, so you can use it, freerly I am a long term HODLER, I've barely ever spent any of my bitcoin's apart from small amounts I receive in signature campaigns..... Can I just get this right please somebody.....Bitcoin sales in the EU are now exempt from tax? So if I sell bitcoin's in a cash, face to face transaction I pay no tax? Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: twister on October 26, 2015, 12:46:44 PM well yes it's legal, because saying that bitcoin is vat-free, mean that it is regulated, or begin to be regulated, so you can use it, freerly I am a long term HODLER, I've barely ever spent any of my bitcoin's apart from small amounts I receive in signature campaigns..... Can I just get this right please somebody.....Bitcoin sales in the EU are now exempt from tax? So if I sell bitcoin's in a cash, face to face transaction I pay no tax? Read this: http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/ Virtual currency bitcoin took another step toward legitimacy Thursday, when Europe’s top court ruled that it must be treated like a currency—not a commodity—for tax purposes. The European Union’s Court of Justice ruled that bitcoin exchanges that transfer conventional currencies such as euros or Swedish krona into bitcoin for a fee are exempt from value-added taxes because of EU rules barring such taxes on transfers of “currency, bank notes and coins used as legal tender.” -- This is such a positive step for Bitcoin's golden future, buy all while you still can because this will make the price skyrocket. If you buy now, you might still be considered an early adopter. :D Title: Re: [BIG EVENT] BITCOIN IS NOW A LEGAL PAYMENT METHOD AND A CURRENCY IN THE EU !!!!! Post by: AtheistAKASaneBrain on October 26, 2015, 01:36:34 PM Ok ok guys enough with the party. And now get back to work to make the next step for Bitcoin. Buy Bitcoin, spent Bitcoin and hold Bitcoin!!Show others how to Bitcoin and explain Bitcoin!Code Bitcoin and the entrpreneurs under us build startups with Bitcoin!Thx that's all! Love you all. ;) :-* The funny thing is that people can't stop spamming shit for unrevelant and shit events, but when they see a real one, they don't even react... I even saw people telling me they don't live in EU so they don't care, WTF ?! The BCT/reddit community is pure garbage if you want my opinion. This is more good news for us. Let this all happen at an underground level, it just gives us more time to buy cheap coins and benefit as early visionaries. Let all those great news go unnoticed by the mainstream so we can enjoy a bigger stack. Im still buying monthly and holding for a lot more years, this hasn't even begun. Title: Re: [BIG EVENT] The new top EU court decision really needs to go on reddit frontpage Post by: Pab on October 26, 2015, 10:30:19 PM Really nice by EU to not ruin everyone's savings with ridiculous taxes. I wonder how they will actually tax the stuff tho. I still don't know how to do it. Do you tax your stack of BTC and pay %increment in your total wealth, your BTC total, or you need to put every single trade you ever did? (I think Americans have to do this which is insanely annoying). Im not an economist and usually hand my taxes to my brother which knows how this stuff works, but I asked about Bitcoin and he didn't know what it is. there is still taxes on capital gain, this is only for vat, and i'm sure you must declare if you run a serious mining activity in euro, but i presume none is running one that is big enough |
