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"
- Denmark Clarifies VAT Treatment for LLC-to-Partnership Restructuring and Bonus Payments
- Court upholds tax authority’s VAT assessment for tattoo business lacking proper documentation
- Partnership and owners not considered one taxable person for VAT purposes
- Updated DAC7 and DAC8 Reporting Rules for Digital Platforms and Crypto-Asset Service Providers
- Denmark’s 2026 VAT Changes: Impact on Education, Fitness, and Mental Sports Activities
