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V1029-15 30 March 2015 · SG de Impuestos sobre el Consumo Criterion in force
IVA · moneda virtual

Bitcoin trading with commissions deemed commercial and VAT-exempt as a payment method

A consultant asks whether their Bitcoin buying and selling activity, involving commissions, is subject to VAT. The DGT determines that the activity is commercial and that Bitcoin transmission is exempt as it constitutes a payment method.

The question raised

Liability for Value Added Tax regarding said activity.

The DGT's ruling

The activity of buying and selling Bitcoin through an internet portal in exchange for a commission is of a business nature. Bitcoin virtual currencies act as a means of payment and must be understood as included within the concept of other commercial effects. Therefore, their transfer must be subject to and exempt from Value Added Tax.

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