Spain’s Directorate General of Taxes (DGT) issued a binding ruling in March 2022 on the VAT treatment of the sale/transfer of non-fungible tokens (NFTs), concluding that NFTs should be deemed to be a supply of electronically provided services subject to the 21% standard VAT rate if the place of supply is in Spain. The DGT based its decision on the fact that NFTs do not transfer ownership rights to tangible assets but instead only transfer a right to use a digital asset.
Source BDO
Latest Posts in "Spain"
- Recovering Spanish VAT under the 13th Directive: The challenge of reciprocity
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
- Navarre Approves 2025-2027 Anti-Fraud Plan to Modernize Tax System and Enhance Compliance
- Spain Clarifies VAT Reverse Charge for Construction, Including Plumbing and Demolition Activities
- Spain’s Supreme Court: Public Service Subsidies Not Subject to VAT, Aligns with EU Ruling
