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Italy Wants To Become the First Country to Exempt NFTs from VAT

The Italian government has communicated its intention to exclude NFTs from VAT, making them more affordable for artists and collectors. This was announced in a consultation by Agenzia delle Entrate dated June 15, 2023, which also discussed NFT sales by crypto artists in detail.

  • What you need to know
  • Why is this a big deal?
  • First of many

Source: Medium

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