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Rogério Fernandes Ferreira comment on the Portuguese Tax Authority Issues Ruling on ICO and VAT

30-05-2018, in Cointelegraph

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, so you should conduct your own research when making a decision. This text should not be considered as legal or investment advice.

Transactions involving cryptocurrencies are raising interesting questions and concerns in the field of taxation. The supply of electronic goods and services has implications in the field of consumption taxation, which has been harmonized in the European Union through the implementation of the value added taxation (VAT) system. Following a recent tax ruling issued by the Portuguese Tax Authority (PTA), this article discusses VAT-related implications of cryptocurrencies, tokens, and initial coin offerings (ICO).

Read the full article attached.