The Dutch tax authorities have not provided specific guidance on the VAT consequences of transactions related to NFTs. It is uncertain whether they will adopt the view outlined in the EU working paper on NFTs. According to the paper, each transaction involving an NFT could have different VAT treatment based on factors like whether it is a supply of services or goods, whether consideration is involved, and whether the supplier is a taxable person. Spain considers NFT sales as electronically provided services subject to a 21% VAT rate. Belgium considers NFTs as digital collections subject to 21% VAT. Norway treats NFTs as electronically supplied taxable services but exempts the minting process from VAT. Given the complexity, taxpayers should consult with a tax lawyer for advice on Dutch tax laws.
Source: osborneclarke.com
Latest Posts in "Netherlands"
- No Excuse for Unpaid VAT Without Filing Invitation; Fine Upheld but Reduced to €1,500
- Netherlands Issues Guidance on VAT Exemption for Intermediation in Securities Transactions Effective October 2025
- No VAT Deduction for Exempt Rental by Partnership to BV, Court Den Bosch 2025
- Penalty for payment of additional VAT assessment reduced due to incidental negligence
- Decree on Mediation in Securities Transactions with Instructions on the Scope of the Concept of Mediation Published
