The tax authorities stated that mining or forging (creation) of cryptoassets is an exempt activity. This is based on not being able to distinction between the service provider and the miner customer. This disqualifies the miner from the right to deduct VAT.
Source: vatcalc.com
Latest Posts in "Italy"
- Cultural Services Exempt from Taxation: Guided Tours Qualify, Bridge Crossing Does Not
- Delays in Contracts: Payments to Contractors Subject to VAT, Not Compensation
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
- VAT Implications for ‘Free’ Online Services: Legal Challenges and Potential Impact on SMEs
- Normal Value in VAT: Application in Non-Monetary Transactions and Special Cases
