So hypothetically, say I have accumulated over the year 1000 BTC as a business owner. The BTC was bought with business money so its purely owned by the business (No need to get into personal tax issues). I then as the business owner decided to sell some BTC to customers through the business. Do i have to charge a rate of Vat on top of the amount I'm selling to the customer?
I don't think any countries have VAT for the bitcoin so you can sell your bitcoins if you want and if your country has taxation system then you have to pay accordingly.VAT means Value added Tax so I saw it is only included for the things like elcetronics products mostly and I never saw VAT in currency exchange in my country.Do other country people have?
But if you directly want to sell your bitcoin you can go to exchange or LBC where you don't have any issues like these.