New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay Sales Tax

https://www.coindesk.com/new-york-state-tax-agency-bitcoin-buyers-dont-need-pay-sales-tax/

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“The use of convertible virtual currency by a customer to pay for goods or services delivered in New York State is treated as a barter transaction. For sales tax purposes, convertible virtual currency is intangible property. Since the purchase or use of intangible property is not subject to sales tax, any convertible virtual currency received by a party to a barter transaction is not subject to sales tax.”

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