The complexity of VAT/GST on NFTs and the impact on platforms

By Iman Deschâtres
Senior Director International Tax Innovation at Taxamo a Vertex Inc. Company | VAT/GST Specialist

When I first started reviewing the potential VAT/GST taxation of NFTs, I had a very simple approach: it was just a digital service and the VAT/GST rules that apply on digital services will just apply to NFTs. My initial approach, while partially correct, was too narrow and the subject matter is much more complex especially when certain scenarios are taken into account. In this article I am focusing on what should be reviewed and what are the key similarities and differences with traditional digital services. ..

Source: LinkedIn

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