Digital artwork and NFT a single VAT digital services supply The Swedish Tax Agency, Skatteverket, has provided guidance at the end of last month on the Value Added Tax liabilities for digital artwork and linked Non-Fungible Token (NFT). In short, it concludes they represent a
VAT liabilities on mining, exchange and consideration role for cryptocurrencies and similar crypto-assets Ireland’s tax authorities, the Revenue, has confirmed the VAT and other tax obligations on virtual digital currencies, including Bitcoin and tokens. An EU review on VAT on crypto-assets is underway. Key points
Hype? Or is an immutable distributed ledger technology the solution to missing EU VAT revenues? The VAT gap of €136 billion per annum and costly complexity of the compliance rules begs for a technological leap. Is blockchain, made (in)famous by cryptocurrencies, the answer? The appeal
