- The Advocate General of the European Court of Justice issued an opinion in Case C-472/24, stating that profits from reselling in-game currency by a Lithuanian taxpayer are subject to VAT. The opinion clarified that in-game currency does not qualify for VAT exemption as it is not a legal tender or a voucher, and VAT applies to intangible assets like in-game currency. The final ruling by the ECJ is still pending.
Source: globalvatcompliance.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.
Latest Posts in "European Union"
- EU Announces VAT Digital Age Implementation Strategy to Combat Fraud and Modernize System
- ECJ Rules on VAT Treatment of Mobile App Services Before 2015
- EPPO Indicts 36 Suspects in €24.3 Million VAT Fraud Scheme
- EU Court Rules on VAT Liability for App Store Digital Platform Sales
- EU’s ViDA in Motion: How EU Member States Are Preparing for implementing Digital Reporting Requirements (DRR)
