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"
- Director Sentenced for VAT Fraud: 1-Year Suspended Sentence and 650,000 DKK Fine
- Municipalities Denied Electricity Tax Reimbursement for Street Lighting Due to Lack of VAT Deduction Rights
- Bill Proposal: Amend VAT Exemption Rules for Education of Youth Under 30 by Ministry of Taxation
- Danish Court Upholds VAT on Imported Electric Vehicle as New Means of Transport
- Court Upholds Tax Authority’s Assessment of VAT on Bank Deposits for Tattoo Services