Dutch government answers questions about Bitcoin, indicates Bitcoin taxable

“A taxpayer who has a source of income with activities in the course of trade, such as income from business or income from an activity, will have to pay taxes over that in compliance with the provisions of the Income Tax Act 2001. The fact that the benefits from such a source are calculated using a scheme other than the legal tender in force in our country does not make a difference. Such a benefit in the form of a result in Bitcoins will also lead to taxation. However, the determination of a taxed income will mean that the value of the results achieved in Bitcoins must be converted into an amount in euros. For the wage and sales tax, a similar approach applies.”

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