Current “EU VAT Implementing Regulation 282/2011” proving as troublesome in terms of VAT accumulation for resales of digital goods in Metaverse As new business concepts continue to thrive in Metaverse, and new virtual marketplaces keep appearing, tax legislation all over the globe is struggling to keep up with all these developments. The newest challenge that has arisen has to do with indirect taxes, such as sales tax and VAT. Namely, undesirable consequences such as the accumulation of VAT have been observed in transactions between private users taking place on metaverse-like platforms.
Source: fiscal-requirements.com
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