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Virtual Currency › Value-Added Tax (VAT)

Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender... more +
Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency.    less -
Perkins Coie

Blockchain Week in Review - November 2019

Perkins Coie on

U.S. Developments - Litigation - New York Resident Indicted for Duping Investors with Fake ICO Scam - On November 6, the United States Attorney for the Southern District of New York announced a wire fraud charge...more

Hogan Lovells

The VAT treatment of cryptocurrencies

Hogan Lovells on

Although no VAT will be levied on any cryptocurrency, the income tax treatment of cryptocurrencies must be considered separately. New draft tax legislation was released by National Treasury on 16 July 2018 for comment. A...more

Proskauer - New Media & Technology

European Court Gives Bitcoin a Tax-Free Boost

Proskauer - New Media & Technology on

In an important ruling for digital currency service providers, EU’s top court, the Court of Justice of the European Union (CJEU), ruled that transactions to exchange a traditional currency for bitcoin virtual currency, or...more

Perkins Coie

Virtual Currencies: International Actions and Regulations

Perkins Coie on

This chart is provided by Perkins Coie LLP’s Decentralized Virtual Currency industry practice group for informational purposes only and is not legal advice. This information is not intended to create, and receipt of it does...more

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