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    • UK Based Global VAT and Tax Compliance Consultants
    01
    Jun

    Ireland: Crypto Currencies


    The Irish Revenue Services have issued a Brief to clarify how normal tax rules apply on transactions involving crypto currencies and altcoins. For VAT purposes, the Revenue, taking into account a European Court of Justice ruling, regarding crypto currencies as “negotiable instruments” and therefore exempt from VAT. Financial services consisting of the exchange of bitcoins for traditional currency are VAT-exempt where the company performing the exchange acts as principal. EG: buys and sells crypto currencies acting as the owner of the virtual currency.


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.