- Swedish Tax Agency issued a statement clarifying VAT rules for NFTs with linked digital works
- 25% general tax rate applies to NFTs with linked digital works
- NFT includes ownership of both digital work and NFT itself
- Transfer of NFT considered transfer of both NFT and digital work for tax purposes
- Transactions involving NFTs with digital works treated as electronic services for VAT if buyer is in Sweden
- Reduced tax rate of 12% for sales of works of art only applies to physical works, not NFTs
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.
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