In Finland, Keskusverolautakunnan (KVL) – Central Tax Board –  released a Ruling (KVL: 034/2014 20.8.2014 – Diaarinumero: A19/8210/2014) on VAT on brokerage commission on virtual currency.

The applicant for Ruling provides a technical platform for buying and selling bitcoin and charges a commission on the transactions. The applicant asked the VAT regime of this commission.

The Finnish Central Tax Board (KVL) stated that bitcoin is considered similar as a means of payment under a VAT perspective, so the commission is VAT exempt as for Finnish VAT Act § 42 (VAT Directive (2006/112 / EC), Article 135, paragraph 1, subparagraph d).


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