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German Ministry of Finance: Bitcoin IS A PAYMENT
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Topic: German Ministry of Finance: Bitcoin IS A PAYMENT (Read 3603 times)
grau
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German Ministry of Finance: Bitcoin IS A PAYMENT
October 12, 2013, 08:31:01 AM
#1
Clearing of claims with Bitcoin is a payment, not a delivery of a digital good, hence no implications to VAT.
Article in WELT:
http://www.welt.de/finanzen/article120823372/Zahlungen-mit-Bitcoins-sind-umsatzsteuerfrei.html
Original of the Ministry:
http://www.frank-schaeffler.de/wp-content/uploads/2013/10/2013_09_27-Antwort-Koschyk-Bitcoin3.pdf
Shallow
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SmartFi - EARN, LEND & TRADE
Re: German Ministry of Finance: Bitcoin IS A PAYMENT
October 12, 2013, 08:50:40 AM
#2
Awesome, Germany is always at the forefront of accepting btc
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grau
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Re: German Ministry of Finance: Bitcoin IS A PAYMENT
October 12, 2013, 08:52:17 AM
#3
Quote from: Shallow on October 12, 2013, 08:50:40 AM
Awesome, Germany is always at the forefront of accepting btc
Simple. Germans are rational and love sound money.
An amorous cow-herder
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Re: German Ministry of Finance: Bitcoin IS A PAYMENT
October 19, 2013, 02:32:23 PM
#4
On a related note, income from mining is regular "other" income if done privately. That means tax free for up to 256€ worth of income per year, subject to normal tax rates if above.
On the bright side that also means mining expenses (hardware, electricity) are deductable.
Article on
http://www.heise.de/newsticker/meldung/Einkuenfte-aus-Bitcoin-Mining-koennen-steuerpflichtig-sein-1981629.html
.
All in all thats a pretty good sign. Bitcoin is no longer a gray area in Germany. Well possible to see increased adoption as a payment method.
Dansker
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Hello world!
Re: German Ministry of Finance: Bitcoin IS A PAYMENT
October 20, 2013, 10:02:02 AM
#5
This could mean, that at least in Europe, Germany will become a leader in bitcoin investments.
If there is one thing investors like, it is a potential for growth in an environment of legal predictability.
THIS SIGNATURE IS FOR SALE/RENT
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