New EU VAT Laws Posing Troubles for Bitcoin Businesses

By February 5, 2015Bitcoin Business

ForexMinute.com — On January 1st this year, the European Union announced new VAT laws, which are indirectly posing troubles for Bitcoin businesses.

According to the new laws , European companies that offer electronic services and goods are bound to provide government the information of their customers’ countries, if the latter resides in a EU nation. This step is added to make sure that proper VAT is paid in countries where the purchased products are being […]

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