Re:Bitcoins Fail Currency Test in Scandinavia’s Richest Nation
by gamblor956 on Friday December 13, 2013 @09:38PM
(#6904317)
VAT is a tax paid by the consumer, and which is collected by the final seller (to the end consumer). A business which accepts bitcoins would be required to remit the VAT in an acceptable currency. If the business did not collect VAT from the customer, the payment of VAT would be borne by the business.
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