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Cryptoassets & Blockchain Legal News

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Bitcoin confirmed exempt from VAT in Spain

April 23, 2015 by Ashley MAO

Based on the interpretation of EU VAT Directive 2006/112/CE recognizing bitcoin as “financial service”, the cryptocurrency has been exempt from VAT in Spain.

According to a spokesman from the Ministerio de Hacienda – Spanish tax office – Bitcoin has always been VAT-free but its status has now been clarified. 

As bitcoin transfers are considered “special risk” activities, anti-money laundering regulons still apply to digital currency transaction.

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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