• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF

Bitcoin Transactions Could Be VAT-Exempt in the Netherlands

newsbtc by newsbtc
9 years ago
in Cryptocurrency Market News
Reading Time: 1 min read

Could bitcoin transactions conducted in the Netherlands be VAT-exempt? It’s certainly a possibility, it seems.

According to bitcoin news reporting website Coincourant [Dutch], Mr. Jacob Kamminga of the country’s Ministry of Finance hinted at the possibility in the midst of a debate held at an Amsterdam university.

Of course, Kamminga’s statements should in no way serve as the official stance of the Dutch Ministry of Finance, but as pointed out by Coincourant, it could be a prediction of what’s to come.

VAT (value-added tax, for those in the United States) is tax applied to the purchase price of goods or services (much like a sales tax is applied here in the US).

To be clear: this doesn’t mean that there would be no VAT applied when purchasing a good or service. Rather, what we’re looking at the possibility of is that a VAT on the digital currency might not be applied in addition to the regular value-added tax.

The general rate of the value-added tax in the Netherlands stands at about 21 percent.

Such an occurrence could very well help the adoption of the digital currency in the Netherlands, which has shown increased interest in bitcoin over the past year. In other words, it would be very welcomed news, particularly for those who conduct trading activities with the digital currency.

Obviously, stay tuned for developments on this front. If any official information comes from the Dutch Ministry of Finance, we’ll have it here for you.

Tags: netherlandsNewstaxationvat
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

Dogecoin Small

Dogecoin Marks Two Consecutive Green Monthly Closes, What Happened The Last Time?

48 mins ago
Terra Classic Price Pumps a Further 17% as This Altcoin Also Sees Positive Growth

Terra Classic Price Pumps a Further 17% as This Altcoin Also Sees Positive Growth

52 mins ago
Cardano

Cardano (ADA) Retests Major Resistance Wall, Will Break Happen?

2 hours ago
Dogecoin

300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells

3 hours ago
CoinTR’s 2024 Goal: To Be Among the Global Crypto Giants

CoinTR’s 2024 Goal: To Be Among the Global Crypto Giants

5 hours ago
Etheeum

Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024

6 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • GoMining Unveils The West NFT Collection

    4 hours ago
  • Where to Invest in Crypto? Experts Highlight Top Picks...

    6 hours ago
  • Investors’ New Favorite: BorroeFinance Surges Past...

    7 hours ago
  • Maximizing Profits in Forex: Raw Spread Forex Brokers’...

    8 hours ago
  • Rebel Satoshi’s Next Stage Excites Market: A Fresh...

    8 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.