Cybersecurity
Bitcoin Tax-Free Transactions Face Test at Top EU Court
This article is for subscribers only.
Tax-free trading of bitcoin faces a legal test at the European Union’s top court after Swedish authorities sought to extend existing levies to virtual currencies.
The EU Court of Justice must decide if transactions between virtual and traditional currencies can be classed as a service under EU value-added tax rules, and if so, whether such trades are tax-exempt, according to a court filing.