Spain's bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country.
Bitcoin had always been exempt from VAT, but a spokesperson from Spain's tax office, Ministerio de Hacienda, told CoinDesk the decision had been clarified following a question from a bitcoin aficionado.
The confirmation is based on the interpretation of EU VAT Directive 2006/112/CE, which recognises bitcoin as "financial service".
