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OECD Develops Framework for Countries to Impose VAT on Crypto Assets, Official Announces

  • The OECD is creating a framework for countries to apply value-added taxes on crypto assets
  • The working party on consumption taxes is developing an evaluation framework for taxing crypto assets
  • This includes payment tokens, security tokens, non-fungible tokens, and related services
  • Michelle Harding, a senior adviser at the OECD, provided this information
  • She spoke at WTS Hansuke’s 7th Annual Financial Services Tax Conference in London

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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