DLT assets can be a virtual token, a virtual financial asset, electronic money or a financial instrument that is intrinsically dependent on, or utilises, Distributed Ledger Technology (a database system in which information is recorded, consensually shared, and synchronised across a network of multiple nodes). The VAT treatment of transactions involving DLT assets will not necessarily be determined by their categorisation but will depend on the purpose for and the context in which the transaction is made according to VAT legislation.
Source Zampa Debattista
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