The Danish Customs and Tax Administration recently issued Tax Council Binding Answer No. SKM2023.329.SR, offering clarification regarding the taxation of non-fungible token (NFT) transactions, specifically addressing the application of VAT and payroll tax. The taxpayer in question was engaged in the sale and rental of crypto-art images as NFTs on digital platforms, receiving digital currency in exchange.
Source: globalvatcompliance.com
Latest Posts in "Denmark"
- Danish Court Declares RuneScape Gold Sales Subject to VAT in Landmark Digital Gaming Ruling
- Denmark’s New E-Invoicing, SAF-T 2.0, and ViDA Rules: What Businesses Need to Know
- Municipality’s Development Agreements Not Subject to VAT as Public Authority, Tax Council Rules
- Conditional Prison Sentence for VAT Fraud Using Straw Man and Preliminary Assessments, Eastern High Court 2025
- Denmark Updates VAT Refund Rules: New Flexibility and Safeguards for Businesses and Customers
