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Non-Fungible Tokens an Electronic Service for VAT – EU VAT Committee

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Non-Fungible Tokens an Electronic Service for VAT – EU VAT Committee

The European Commission’s VAT Committee has produced a review of the treatment of EU VAT for NFT’s. As a working paper, it aspires to clarify the fast-evolving NFT ecosystem, VAT rulings so far and potential points to debate to reach a common VAT practice across the EU.

This includes a range of possible VAT transactions or supplies, and if they are within the scope of VAT, and then if taxed or exempt:

  • Creating or minting NFT’s

Source: vatcalc.com

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