International - Retailers Directly Accepting Bitcoins: Tricky Tax Issues?
- M. Lambooij
- Derivatives & Financial Instruments, 2014 (Volume 16), No 3
- 16 May 2014
Bitcoins are increasingly being used in commercial transactions. Thinking about the tax consequences thereof is, however, still in its infancy. This article discusses the current state of play and reports on some guidance already provided by tax authorities. The key issue to consider seems to be the VAT treatment of bitcoin transactions between two entrepreneurs.