This article discusses the VAT treatment of nonfungible tokens (NFTs) in the European Union. These tokens have been on the market for some time, but their trade volume has grown exponentially recently. Tax authorities have developed some interest in them as a potential new source of revenue, paying attention to their ecosystem and the parties involved. Some tax authorities have already taken a position, while others have remained silent, waiting for market developments.
Source IBFD
Click on the logo to visit the website
Latest Posts in "European Union"
- CJEU Rules Loyalty Points Are Not Vouchers for VAT Purposes, Treated as Discounts Instead
- CJEU Rules In-Game Gold Sales Subject to VAT, Not Exempt as Currency or Voucher
- Comments on ECJ C-472/24: Court Rules Virtual Gold Not Exempt from VAT
- Comments on ECJ C-436/24 (Lyko): Court Rules Loyalty Points Do Not Qualify as Vouchers
- Comments on ECJ C-409/24 to C-411/24: Court Allows Exclusion of Ancillary Services from Reduced VAT
