- Fixed assets are considered goods for VAT purposes by crypto-asset operators.
- VAT paid on imported fixed assets used for digital token activities cannot be deducted.
- Non-deductible VAT on fixed assets directly used for token activities is determined by direct invoice.
- For fixed assets used both for token and other activities, non-deductible VAT is allocated based on revenue proportion from each activity.
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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