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V1028-15 30 March 2015 · SG de Impuestos sobre el Consumo Criterion in force
IVA · moneda virtual

Bitcoin vending transactions exempt from VAT and subject to IAE

The DGT confirms that Bitcoin buying and selling via vending machines constitutes an entrepreneurial activity, and the transfer of Bitcoin is exempt from VAT as it is considered a payment method.

The question raised

Liability for Value Added Tax regarding said activity. Classification in the Tax on Economic Activities regarding said activity.

The DGT's ruling

The activity of buying and selling Bitcoin in exchange for a commission is of a business nature. The transfer of Bitcoin virtual currencies is exempt from VAT when acting as a means of payment and falling within the concept of other commercial effects. By performing exclusively exempt operations, there is no obligation to submit VAT returns. In the IAE, the activity must be classified under heading 969.7 of the first section, corresponding to other automatic machines.

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