Trading in “non-fungible tokens” (NFT) is booming. However, the VAT treatment of these transactions is largely unclear. There are also special features in that the NFTs are regularly paid for in cryptocurrencies. As far as can be seen, case law and financial administration have not yet taken a position on this. The legal assessment is difficult because business models from the digital world have to be assessed based on the standard VAT assessment scheme, which dates back to a time before the Internet. The following article summarizes the current state of opinion in the literature.
Source: datenbank.nwb.de
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