- French Tax Agency updated administrative doctrine on VAT rules for NFTs
- Transactions using NFTs for goods and services are subject to VAT
- Use of NFT technology in networking activities determined case-by-case for VAT
- Supply of intangible goods like digital cards and graphic works subject to VAT
- Funds raised for digital activity creation not subject to VAT, but activity associated with tokens is
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
