The General Directorate of Taxes (DGT) , in its Binding Consultation V0486-22 , of 10 March 2022, responds for the first time to the treatment to be given to the sale of NFT’s in relation to Value Added Tax (VAT). ) . The administrative criterion considers the transmission of NFT’s as a provision of services consisting of the transmission of a digital certificate of authenticity on a certain good (digital image). Thus, the Treasury considers as two different operations the transmission of the NFT (provision of services) and the transmission of the image on the basis of which the NFT (delivery of goods) is created.
Source Audiconsultores
Latest Posts in "Spain"
- Spain Implements Temporary Cuts to Corporate, VAT, and Energy Taxes Amid Middle East Crisis
- New Version 1.24 of AES Export Declaration Web Services Guide Released with Gibraltar Updates
- Mass Extension of Customs Clearance Authorizations Now Available Online via Responsible Declaration
- Spain’s VAT Exception: Barriers and Missed Opportunities for SMEs in the European Single Market
- Spain Mandates E-Invoicing for Domestic B2B Transactions, Phased Rollout by 2028
