The Danish Tax Council confirmed that the sale of “kryptokunst” (crypto art) in the form of non-fungible tokens (NFTs) was exempt from VAT as an artistic service. They also confirmed that the planned rental of kryptokunst for exhibitions would be VAT exempt. Additionally, these transactions were determined to be outside the scope of the payroll tax.
Source: info.skat.dk
Latest Posts in "Denmark"
- Denmark’s New VAT Rules Bring Uncertainty and Paperwork for Private Instructors and Small Businesses
- Abolition of Chocolate Tax and Amendments to Various Tax and VAT Laws
- Postponement of Effective Date for VAT Exemption Change on Mind Sports to January 2027
- Denmark’s Economic Council Opposes Lower VAT on Groceries, Recommends Direct Support for Low-Income Families
- Bridge Club Membership and Tournament Fees Exempt from VAT as a Cultural Activity in Denmark
