New Zealand makes Non-Fungible Tokens liable to GST
New Zealand makes Non-Fungible Tokens liable to GST
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Unlike cryptocurrencies, NFT liable to 15% Goods and Services Tax New Zealand’s Inland Revenue has confirmed that trading of Non-Fungible Tokens are liable to GST. This compares to other crypto assets like digital currencies (e.g. Bitcoin) which are exempted. The difference in the treatment is