Digital currency Bitcoin exempt from tax in Spain

Virtual currency Bitcoin is now exempt from value added tax in Spain

LAST UPDATED: 14 Nov, 2016 @ 12:35
1
SHARE

VIRTUAL currency Bitcoin is now exempt from value added tax in Spain.

The digital currency – increasingly used by bitcoinonline criminal organisations – will be exempt from tax, according to the General Directorate of Taxes.

The exemption could be huge news for the country’s Bitcoin community, as it means an end to double taxation on Bitcoin transactions.

Bitcoin has become increasingly popular in Europe, with a reputation for being the most commonly used currency on the dark web.



Gib Rocks - the magazine for Gibraltar

Subscribe: Olive Press news to your inbox

JOIN THE CONVERSATION...

HAVE YOUR SAY...