- The court ruled that trading NFTs from within the country is considered a service, not a delivery, under tax law.
- NFTs are unique cryptographic tokens on a decentralized blockchain.
- The plaintiff, a sole trader, sold NFTs as collectibles on the OpenSea platform.
- Transactions involved only a database entry on a blockchain, not the digital image itself.
- The plaintiff argued that sales should not be subject to VAT due to buyer anonymity.
- The tax office disagreed and subjected all sales to VAT.
Source: datenbank.nwb.de
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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