Germany will not levy a bitcoin user for payment

In a February 27 letter issued by the BMF, the BMF considers the equivalent bitcoin a legal currency to be taxable when used as a means of...

In a February 27 letter issued by the BMF, the BMF considers the equivalent bitcoin a legal currency to be taxable when used as a means of payment.

Illustration. Source: CoinDesk.
The United States Internal Revenue Service (IRS) considers bitcoin to be a taxable asset, meaning that if a US citizen purchases a bitcoin, it is considered that the person has sold the property (bitcoin) and may become Taxes on capital gains.BMF issued this guidance based on the judgment of the European Court of Justice (EUCJ) on value added tax (VAT).The EUCJ's ruling has created a precedent for EU Member States to levy bitcoin taxes while allowing exceptions for certain types of transactions.It is noteworthy that the new German guideline documented the virtual currency as a legitimate payment method. "Virtual currencies are equivalent to legal means of payment, as long as the virtual currency of those involved in the transaction, acting as an immediate and contractual means of payment, has been accept".According to this document, when a buyer and bitcoin payment, a clause in the EU VAT Directive will be applied at the bitcoin price at the time of the transaction, as recorded by the seller.However, according to EU regulations, the nature of the conversion of legal currency into legal fees or vice versa is classified as "service provision" and thus one party is involved in the intermediary role This transaction will not be taxed.
Name

Advanced tutorial,6,Bàn di chuột,1,Bàn Phím,2,Bàn Phím Có Dây,2,Basic guide,8,Business information,32,Chuột,2,Cuisine,59,Entertainment,196,Experience when traveling,4,Feng shui - Spirituality,31,Finance – Stock,124,Gamer,412,Games mobile,151,Games News,131,Games PC,80,Health,64,Information technology,156,Life,268,Linh kiện máy tính,1,Make money online,14,Market analysis,22,Market news,36,Máy tính và Laptop,5,News of life,85,Places to eat,2,Quạt và tản nhiệt,1,Science,60,Software tricks,30,Stock market,62,Tai nghe,2,Tai nghe chụp tai,1,Tai nghe nhét tai,1,Technology news,112,The memorable moments,4,Thiết bị điện tử,2,ThoGamer,4,Tourist,8,Tourist – Traveler,22,Travel destination,10,Travel services,2,Traveler,13,Virtual money,57,Virtual money information,35,
ltr
item
High Tech Brain: Germany will not levy a bitcoin user for payment
Germany will not levy a bitcoin user for payment
https://4.bp.blogspot.com/-tjsgMgB1aHk/WpjPxTyPxgI/AAAAAAAAAik/fooStuDEBoY3VwVBc48A2RRcIYkJ270qgCLcBGAs/s640/%25C4%2591%25E1%25BB%25A9c%2Bkh%25C3%25B4ng%2B%25C4%2591%25C3%25A1nh%2Bthu%25E1%25BA%25BF%2Bbitcoin.jpeg
https://4.bp.blogspot.com/-tjsgMgB1aHk/WpjPxTyPxgI/AAAAAAAAAik/fooStuDEBoY3VwVBc48A2RRcIYkJ270qgCLcBGAs/s72-c/%25C4%2591%25E1%25BB%25A9c%2Bkh%25C3%25B4ng%2B%25C4%2591%25C3%25A1nh%2Bthu%25E1%25BA%25BF%2Bbitcoin.jpeg
High Tech Brain
https://www.hightechbrain.com/2018/03/germany-will-not-levy-bitcoin-user-for.html
https://www.hightechbrain.com/
https://www.hightechbrain.com/
https://www.hightechbrain.com/2018/03/germany-will-not-levy-bitcoin-user-for.html
true
7716428879874315926
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy