Polish Tax Authority: Bitcoin Mining Profits Subject to 23% VAT
In the latest turn of events related to the disputed legal status of digital currencies in Poland, a local tax authority has announced that the sale of mined bitcoins is subject to a VAT (value-added tax) of 23%. The interpretation was made by the director of the tax authorities in Łódź, central Poland, following a request submitted by a Polish bitcoin miner. In the released statement, the authorities said that the party requested an interpretation of the Polish regulation regarding taxes imposed on the sale of mined bitcoins. 'Not a commodity'. "The applicant is planning to launch sales....
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