VATupdate

Share this post on

Tax Agency Clarifies VAT Rules for NFTs with Digital Works

The Swedish Tax Agency issued Statement No. 8-2837945, clarifying VAT rules for non-fungible tokens (NFTs) linked to digital works. It includes a 25% tax rate, ownership considerations, NFT transfers as a single transaction, VAT on in-country transactions, and the inapplicability of reduced tax rates for NFT sales.

Source GlobalVATcompliance


Click on the logo to visit the website


 

Sponsors:

VAT news

Advertisements: