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Belgium Says Bitcoin VAT Exempt, For Now

by Ulrika Lomas, Tax-News.com, Brussels

25 September 2014


The Belgian tax authority has confirmed that it will not seek to collect value-added tax (VAT) from trading in virtual currencies, such as Bitcoin, until the European Court of Justice has determined how the asset class should be taxed.

In a statement posted online by Belgian digital currency exchange Belgacoin, the tax authority said that the currency is exempt under Article 44 of the country's VAT law.

It said that it would revise its position in line with whatever is decided at European Union level, but confirmed that it would not apply value-added tax retrospectively.

TAGS: VAT rates | VAT tax authority guidance | tax | value added tax (VAT) | Belgium | VAT legislation | law | tax authority | legislation | currency | services | VAT goods & services classification | VAT case law | Europe

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