To be clear: An unfavorable ruling by the European Court of Justice regarding VAT and Bitcoin would make accepting Bitcoins for merchants in the EU around 20 % more expensive than other payment solutions.
I need your help funding legal costs in a case at the EU Court of Justice related to Bitcoin and VAT exemption!
As some of you may already know there is an ongoing case regarding Bitcoin and VAT exemption in Sweden and the EU. The Supreme Administrative Court (“Högsta förvaltningsdomstolen”) has now requested a preliminary ruling from the EU Court of Justice. The case, C-264/14, can be found here and has been covered quite a lot in media (Bloomberg, Law360, CoinDesk). I got involved in this simply by asking for an advance ruling in Sweden because I wanted to start selling bitcoin on my site bitcoin.se. It has now escalated and I find myself in a situation where my case will likely decide if and how VAT should be applied to Bitcoin throughout the EU. It took me a while to realize the significance of this case and I have to appoint a top law firm team here in Sweden that can prepare a written submission (and we’re short on time here - this has to be done in 3 weeks) as well as a potential oral hearing later on. The Swedish counsel will also cooperate with interested parties throughout Europe to get input and support from other European countries if deemed necessary. I am currently discussing with teams at three of Swedens top firms in VAT and EU-law. After asking about the costs I have received fee estimates that range from 22 000 to 38 000 EUR (approximately 56 to 96 bitcoin at the time of writing). So here is my problem. There is no way that I can finance this personally. I don’t have enough commercial interest in the case to throw all of my savings on it, the business that we wanted to start on bitcoin.se has not been launched so there is no money there. This is why I am now reaching out to the Bitcoin community. Disclaimer: Donating is in no way a guarantee that we will win the case but if I can’t raise the money the risks are dramatically increased that I will lose since I will have to deal with the court proceedings on my own (which one of the parties I have discussed the case with has described as “catastrophical” for Bitcoin in Europe). If the donated money is in excess of the costs I will donate the excess funds to Bitcoin organizations in Europe. If, for some reason, none of the funds raised are used I will return all bitcoins to the sender address (so make sure that you donate from an address that you control!) Please send your donations to this Bitcoin address 1EyosiaYh9gVEP7VKPTyrFGSSoS8QDSsbb About me My name is David Hedqvist and have been running bitcoin.se since early 2012. I am a moderator of the Scandinavian forum section at bitcointalk.org and I have also been a moderator at bitcoin.stackexchange.com since its launch. I will post this message on bitcoin.se, on bitcointalk.org where my name is D.H. and on Reddit where my name is D_ H_. If you read about the case on curia.europa.eu or in media you can confirm that the case is about David Hedqvist and bitcoin.se. Feel free to send me a PM or an e-mail to [email protected] if you have any questions. You may also contact Dr. Thaer Sabri ([email protected]), Chief Executive of Electronic Money Association, to confirm the legitimacy of this fund raiser.
The European top court said in a ruling that puts virtual currencies on a more equal footing with traditional cash.
Value added tax -- a type of sales levy -- needn’t be applied because the business involves “the exchange of different means of payment,” the EU Court of Justice in Luxembourg ruled Thursday. The case was triggered by a dispute in Sweden, where David Hedqvist set up a service for the exchange of mainstream money for bitcoin and vice versa. “Transactions to exchange traditional currencies for units of the bitcoin virtual currency (and vice versa) constitute the supply of services” under the bloc’s law “since they consist of the exchange of different means of payment,” the court ruled. As such they are exempt from value-added taxes, it said. I think that we who are holding VirtaCoins are in a whole new and exciting ballgame. The value of VirtaCoin can only keep going up. What do you think. Please comment.
No VAT to pay on bitcoin exchange transactions, says top EU court
This is an automatic summary, original reduced by 61%.
Bitcoin exchanges do not have to levy value-added tax on the margins they make when exchanging bitcoins for conventional currencies, the European Union's highest court ruled Thursday. Would-be bitcoin operator David Hedqvist and the Swedish tax authority, Skatteverket, had asked the administrative court whether Hedqvist would have to charge his clients VAT when exchanging bitcoins for Swedish kronor. The Swedish court asked the CJEU to rule whether the exchanging of bitcoins for traditional currencies in return for a margin or commission constituted the sale of a service, and if so, whether that service benefited from one of the exceptions in Article 135(1) of the directive. The exchange of bitcoins cannot be considered the sale of goods, the CJEU said, as bitcoins are not tangible property, having no purpose other than to be a means of payment. The court said, it was obliged to consider the purpose of the directive, rather than the precise wording of national laws, since the directive's goal was to harmonise the treatment of goods and services for the purposes of VAT across the EU. Bitcoins are to be treated like money itself, because they can be directly exchanged, the court said. As a result, the CJEU ruled Thursday, bitcoin exchanges based in the EU need not charge VAT on the margins they make or commissions they charge when swapping bitcoin for traditional currencies, making doing business in bitcoin that little bit cheaper.
#2 David Hedqvist about bitcoin.se, covid19insweden.com and a case he brought to the European Court of Justice. av The Safello Show Publicerades 4/21/2020 Spela upp In this episode of The Safello Show, our host, Frank Schuil is joined by the co-host, Niklas Lundback and the special guest David Hedqvist who is the founder of bitcoin.se. Together they will take you through fresh updates from ... Bitcoin.se is an independant site about Bitcoin, cryptocurrency, blockchain technology and economics run by me, David Hedqvist, since 2012. Read more about me and the site on the page about bitcoin.se. David Hedqvist Bitcoin.se Göteborg, Sverige 455 kontakter. Gå med för att skapa kontakt. Irrational Software AB. Chalmers University of Technology. Anmäl profilen; Aktivitet. Läs mer om vår magiska lösning för fastighetsmäklare! Gillas av David Hedqvist. Självutnämnda livscoachar poppar upp som svampar i skogen. Jag själv har världens bästa. Han lär mig: 🌸 att vara autentisk ... David Hedqvist, ein schwedischer Staatsbürger, beabsichtigt die Erbringung von Dienstleistungen, die im Umtausch konventioneller Währungen in die virtuelle Währung «Bitcoin» und umgekehrt bestehen. «Bitcoins» sind eine virtuelle Währung, die im Internet für Zahlungen zwischen Privatpersonen sowie in bestimmten Internetshops, die diese Währung akzeptieren, verwendet wird. Die Nutzer ... Bitcoin.se is an independant site about Bitcoin, cryptocurrency, blockchain technology and economics run by me, David Hedqvist, since 2012. Read more about me and the site on about bitcoin.se . If you need help, first check out the forum where I go under the name D.H. Regarding purchases of Bitcoin on bitcoin.se, contact [email protected] .
Konsensuspodden #37 - David Hedqvist, skapare av Bitcoin ...
I veckans avsnitt av Konsensuspodden pratar vi med David Hedqvist – grundaren av den svenska sajten Bitcoin.se. Search. Crypto Cast Network I dagens avsnitt av Konsensuspodden pratar vi med Kalle Rosenbaum som är författare till boken "Grokking Bitcoin". Vi pratar om hans bok, hur han hittade til... In this episode of The Safello Show, our host, Frank Schuil is joined by the co-host, Niklas Lundback and the special guest David Hedqvist who is the founder of bitcoin.se. Together they will take ... I dagens avsnitt av Konsensuspodden diskuterar vi "The Halvening", hur påverkar det priset, miners och ekosystemet? Vad har centralbankernas och politikernas agerande under Coronakrisen haft för ...