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New EU Legislation on VAT
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Although it seems to have largely gone unnoticed, the European Union introduced new Value Added Tax (VAT) laws on 1st January this year. As a consequence …

Hungary to impose world’s first internet tax
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Hungary is preparing to impose the world’s first tax on internet usage in the latest example of the unorthodox economic policies being pursued by …

Australian Senate Launches Inquiry into Bitcoin and Digital Currencies
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Australian Senate Launches Inquiry into Bitcoin and Digital Currencies

The Australian Senate’s Economics References Committee announced this week it would hold an inquiry into bitcoin and digital currency implications, aiming to present its …

Isle of Man Residents Could Soon Settle Tax Bills in Bitcoin
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Isle of Man residents and businesses could soon have the option to pay their taxes in bitcoin, according to a government representative who indicated the option …

Spanish Government: Bitcoin is Considered Cash for Tax Purposes
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The Spanish tax authority, the Agencia Estatal de Administración Tributaria (AEAT), is “monitoring” digital currencies to ensure they are not used for illicit purposes such as …

Australian Tax Office explains Bitcoin, intends to tax it
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The Australian Tax Office has provided businesses with some more guidelines on how it intends to deal with bitcoin, stating that income and profits …

HMRC scraps VAT on virtual currency Bitcoin
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The UK’s tax authority has scrapped plans to charge value added tax (VAT) on Bitcoin trading. In new guidance, HM Revenue & Customs also …

Bitcoin Garden: The journey starts here…
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Dear reader, welcome to the blog. I’m Secco, owner and administrator of Bitcoin Garden. In case you’re wondering, I’m a full time webmaster, internet …