Taxes on economic transactions made with digital currencies

Abstract

New digital technologies allow new commercial transactions. Many operations can be performed through e-commerce platforms. Virtual currencies serve as a means of payment for this type of service. In these cases, the difficulty arises of identifying the participants in the transaction unless a public registry intervenes. This circumstance is aggravated by the diversity of legal businesses, because digital platforms only put both parties in contact. There is very little regulation at international level. This paper investigates general regulations and tax regulations in digital commercial transactions. First, this paper studies the digital payment instruments used and the different economic operations. Secondly, this paper analyzes the general regulation referring to digital means of payment is examined. Thirdly, this paper studies the tax regulations on the aspects referred to above are studied. Finally, this paper contains a series of proposals applicable to the regulations on commercial transactions  and new digital technologies.