- FTA considers cybernetic, self-managed blockchain systems and DAOs as VAT-relevant subjects
- All VAT-relevant subjects can be considered as recipients or suppliers for VAT purposes
- Automated software protocols that carry out pre-programmed actions do not have legal subjectivity according to earlier FTA information
- FTA now determines recipient of supply in cases of supplies to blockchain or DTL protocols based on party with power of disposal over the protocol
- Protocols controlled by decentralised group of persons or single person are considered recipients of service by FTA
- Remuneration for service must be settled with FTA depending on type of service and time at which service is provided
Source: mme.ch
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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