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VAT exemption for cryptocurrency transactions: implications for VAT calculation and treatment

  • Operations on cryptocurrencies are exempt from VAT
  • Mining is not subject to tax if the counterparty is not identified
  • Cryptocurrencies are considered means of payment voluntarily accepted by parties
  • The value of cryptocurrencies must be calculated in euros to determine the taxable base
  • The exchange rate on the day of the transaction or invoice issuance is used for currency conversions

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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