[2015-05-19] Italian Energie Becomes Second Utility Firm to Embrace Bitcoin

[tyz]

NordOvest Energie, a Turin-based utility company that supplies electricity and gas to Italian households and companies, has partnereNordOvest Energie, a Turin-based utility company that supplies electricity and gas to Italian households and companies, has partnered with local startup Tinkl.it to enable consumers to pay their billsd with local startup Tinkl.it to enable consumers to pay their bills.

http://cointelegraph.com/news/114292/italian-nordovest-energie-becomes-eus-second-utility-firm-to-embrace-bitcoin

[bryant.coleman]

Happy with the news, but I am having certain queries. What about the EU VAT on Bitcoin? I heard that all Bitcoin transactions within the European Union are subjected to a Value Added Tax (VAT). Not sure about the percentage, but I think bitcoin payments to NordOvest Energie will also be subjected to this taxation.

[tyz]

Well, the European countries have not found a common agreement for financial transactions fees for years. I doubt that they will find a concurrence how to tax crypto currencies.