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Lboss
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April 20, 2015, 02:25:08 PM |
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Good news for Spain. I think "Money" or medium of change things shouldnt be obliged to VAT. Countries like Spain can get an advantage by accepting BTC legally, especially when an economic crysis approaching. |
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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April 20, 2015, 02:49:47 PM |
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josef2000
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April 20, 2015, 03:02:46 PM |
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Wow, nice to hear. Is spain the first country that officially announced this? Spain is a big country, this encourages more and more people to get into bitcoin. Especially when the country is very weak in financial status, such things would really help. Btw, I think this post should be moved to the NEWS section  |
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BillyBobZorton
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Activity: 1204
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April 20, 2015, 03:24:08 PM |
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Good news for Spain. I think "Money" or medium of change things shouldnt be obliged to VAT. Countries like Spain can get an advantage by accepting BTC legally, especially when an economic crysis approaching. I don't think they would like that level of liberty for their citizens. Unfortunately most governments want control, and Bitcoin is not something they can control. It's still good news that Bitcoin can bypass the VAT nightmare. In spain they have interesting ways to withdraw money with 0% commission in ATM's through halcash, namely Bit2me and BTCpoint. |
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sana54210
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April 20, 2015, 05:07:32 PM |
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Thats a great news, this should make more people adapt Bitcoin, Spain has made a good decisions by making it VAT- exempt, if Spain can make it more mainstream, It will help it in the time of crisis |
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defcon23
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April 20, 2015, 05:23:12 PM |
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Fantastic news ! i really hope France is going to take the same choice ..  |
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RodeoX
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Activity: 3066
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The revolution will be monetized!
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April 20, 2015, 05:34:22 PM |
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Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?
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S4VV4S
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April 20, 2015, 06:02:40 PM |
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Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?
Bro, you can go to Cyprus and start ANY Bitcoin related business there. No Tax, No regulations. They are still trying to figure out a way how to handle Danny's rip off with Neo-Bee. Btw, did you change your avatar? |
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YarkoL
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April 20, 2015, 07:15:11 PM |
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Bitcoin trading and mining is also VAT exempt in the UK, but if you selling stuff (goods, services) for BTC you have to pay VAT just like if you selling stuff for sterling. Actually this is an EU policy.
Unfortunately it's not.. In Estonia bitcoin comes under VAT. |
“God does not play dice"
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countryfree
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Your country may be your worst enemy
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April 20, 2015, 08:01:08 PM |
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Those are good news, but that's only logical. I understand a country may wish to tax capital gains with BTC, but nobody has ever seen VAT or any kind of sales tax to a currency.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Get-Paid.com
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April 20, 2015, 09:04:31 PM |
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Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?
Yes, I agree, there are no free gifts, there's always a catch. The EUR currency is doing so bad now that Spain needs to attract foreign investments. It seems like the EUR is a failure and is destined to break apart, and once it happens after the big-boom all European countries would have to go back to their old currencies (e.g. Greece to the Drachma, Germany to the Deutschmark etc.). |
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RodeoX
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The revolution will be monetized!
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April 20, 2015, 09:07:50 PM |
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Hmm. Strong dollar and now this. Maybe my next vacation should be a trip back to España?
Bro, you can go to Cyprus and start ANY Bitcoin related business there. No Tax, No regulations. They are still trying to figure out a way how to handle Danny's rip off with Neo-Bee. Btw, did you change your avatar? That sounds cool also. I love to travel and meet bitcoin peers. It's awesome that every time I go I have more BTC options. And I did change my avatar. I saw it was available again and thought it was time for something new. Like a shitty picture of myself, lol. |
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defcon23
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April 20, 2015, 09:17:26 PM |
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i think a lot of bitcoin business are going to be "spain based" in a really next future ..  the promised land  |
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crazyearner
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April 20, 2015, 09:18:03 PM |
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I know where am booking my holidays this year. Nice to see Spain and other parts euro being tax free on Bitcoin at last. Nice locations to spend BTC and be tax free. All the more reasons to go on a vacation with BTC and not use euro and get shafted on the exchange fees. 1 buy bitcoin 2 fly out to Spain 3 start spending BTC and have change of getting more value for BTC when flying out:)
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redsn0w
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#Free market
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April 20, 2015, 09:22:28 PM |
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This is a fantastic news for the bitcoin ecosystem, and I hope one day to see again Spain (it is a really nice country). What do you think about this fact? Do you think also the other EU's country will adopt this system or they will continue fight against bitcoin?
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defcon23
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April 20, 2015, 09:32:16 PM |
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Cryddit
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April 20, 2015, 10:00:28 PM |
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Wow, nice to hear. Is spain the first country that officially announced this?
Ya, I think Germany was first; it announced that Bitcoin would be treated the same as a foreign currency, which is largely the same rules: Tax on stuff bought and sold with it, but no tax for exchanging it. |
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jamescameron2312
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April 20, 2015, 10:20:20 PM |
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Wow, nice to hear. Is spain the first country that officially announced this?
Ya, I think Germany was first; it announced that Bitcoin would be treated the same as a foreign currency, which is largely the same rules: Tax on stuff bought and sold with it, but no tax for exchanging it. How would they tax on stuff bought and sold with it? what kind of stuff? what is the required price where you start getting taxed? if they buy a smartphone they will get taxed or what? |
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