VATupdate

Court judgment exempts virtual land rentals from VAT

A Regional Fiscal Court in Cologne (Germany) ruled around a year ago that the virtual rental of virtual land constituted a taxable transaction.  In this case, a German taxpayer generated extra income by renting out virtual land. In return for the virtual land, the taxpayer – or rather, his avatar – earned virtual currency. This virtual currency was then traded for actual fiat money.  

Source GVC

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