Bitcoin taxation in the developed countries

In the recent years, there has been a steady increase of the use of virtual currencies (e.g., Ethereum, Peercoin, Dogecoin, Litecoin, and Bitcoin). Nowadays, they are widely used not only as payment methods, but also as investment instruments. Virtual currencies created a legal vacuum that was gradually filled with regulations. In this article, we will focus [...]

The EU VAT Mini One Stop Shop (MOSS) scheme

On 1st of January 2015, the EU started applying new VAT rules for businesses operating in the fields of (1) telecommunications, (2) broadcasting, and (3) electronic services (e.g., supply of websites, software, databases, films, music, distant teaching, web-hosting). According to the new VAT rules, the services provided by such businesses will be taxed in the country [...]

How to not pay taxes on money generated by crowdfunding

In the recent years, there has been a steady increase in the use of crowdfunding platforms (e.g., kickstarter.com and crowdfunder.com). Such platforms allow any Internet user to receive funding for his/her projects. Quite often, the initiators of crowdfunding projects collect a lot of money. For example, in 2015, a color e-paper smartwatch collected more than USD [...]

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