Following the NFT VAT regulations in Belgium and Spain, Italy has established its stance on VAT and crypto-assets. Namely, Italy has confirmed that both crypto utility tokens and the creation of tokens such as mining or forging are exempt from VAT. The reason for currency mining or forging being VAT exempt is that there is no provision of services to an attributable customer, which is a requirement for VAT to be applicable.
Source: fiscal-requirements.com
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