On 10 March 2022, the Spanish Tax Administration issued a ruling concerning the VAT treatment of the transfer, through an online internet auction, of NFTs (Non-Fungible Tokens) that grant their purchasers certain rights of use (hereinafter: ‘the Ruling’).
The Spanish Tax Administration provides through this ruling a comprehensive analysis of the taxation for VAT of the transfer of NFTs, establishing the guidelines for determining the taxable status of the supplier, the qualification of the transaction as electronically supplied services, the place of supply and the formal reporting obligations under the new OSS schemes.
Source Kluwertaxblog
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