On 21 March 2023, the European Commission published a working paper (Working Paper no. 1060[1]) aimed at considering the tax implications of NFT-related transactions and triggering discussions in the hope of a common position by representatives of the VAT Committee[2].
- NFT – good or service?
- Minting vs. trading – differentiation of tax consequences
- When does a creator become a taxpayer?
- The role of platforms in determining the tax base
- Meaning of the document
Source: MDDP
Latest Posts in "European Union"
- Scope of Standstill Clause in VAT Directive for New EU Member States: Spanish Representation Expenses
- EU Refers Spain to Court for Failing to Transpose VAT Directives into National Law
- EU Refers Spain to CJEU Over Failure to Transpose Two Key VAT Directives
- EU Court Rules VAT Applies to In-Game Asset Sales; Not Exempt as Financial Services
- ECJ Rules VAT Applies to Trading In-Game Assets for Real Money, In-Game Gold Not Exempt
