Quote from: tolega on January 31, 2014, 12:36:54 AM

Quote from: Paul Troon on January 30, 2014, 08:07:09 PM

Under this potential tax treatment, someone using localbitcoins to sell bitcoins would be the equivalent of someone using blocket to sell a car, right? My understanding is MOMS is charged for profits from sales on blocket only above 50.000 SEK (7,500 USD). Only if you are a regular seller of something would you need to report to the tax authorities your yearly profit from person-to-person sales, and that profit would be taxed at a 30% rate.

From Blocket.se:

Sale of individual items

If you sell goods on any single occasion, then the possible profit that exceeds SEK 50 000 is taxed at 30%.

Profit is the difference between your purchase price for the goods and the price you then sell the item for. If you have received or inherited what you sell, it is the previous owner's purchase price you should count on. Do not you know the purchase price can make use of a standard value which is 25% of your selling price.

50,000 SEK in profit from one transaction selling bitcoin is one hell of a transaction.

My initial question concerned the licence with finansispektionen. Previously a sole trader had to pay 10,000 fee plus around 3,000 annually to be registered so he/she could sell bitcoin in other form not being cash to cash.

Now, instead of being a currency Bitcoin is defined as an asset. Does this means finansinspektionen does not oversee Bitcoin/crypto currencies related websites anymore? Or although it is an asset, it is seen as a means of payment, therefore individuals wanting to deal it online still have to register (and pay over 13,000 SEK)?

The 50 000 SEK that blocket mentions is a bit taken out of context it comes from the rules that define the border between a hobby and a business, if you earn more than 50 000 SEK(the equivalent of around 7 700 USD) per year on a hobby(or combined on all your hobbys) it should be treated as a business in tax purpose even if you don't handle it as a business and taxes is 30% on the profit you make but there is nothing that say that you have to make over 50 000 SEK profit on a single occasion(that part blocket made up), 50 000 SEK in profit is the amount that your not allowed to exceed in a year to not tax it as a business.

There is also some exceptions for selling cone and berries like blueberries and such where small amounts is excepted from taxation.