Crypto-Assets - vatcalc.com

EU DAC8 adopted – Crypto assets tax reporting harmonisation Jan 2026

17 October 2023 in

Crypto-Assets

DAC8 adopted by EU Council Harmonise EU tax reporting by e-money, cryptoassets and cryptocurrency intermediaries The EU Council has today approved the new proposed Directive on Administrative Cooperation mainly covering tax reporting on cryptocurrencies, Non-fungible tokens (NFT's) and other crypto assets (‘DAC8’). This amendment to

Kenya 3% cryptoassets and 15% content creator taxes

8 May 2023 in

Crypto-Assets

2023 budget to levy taxes on transfers of cryptocurrency and NFT’s plus online content creation The new 2023/24 Kenyan budget proposes two new digital taxes: 3% on the transfer of cryptocurrencies and Non-Fungible Tokens; and 15% on digital content monetization levying – content creators paid

Canada to exempt crypto mining from GST/HST

12 February 2023 in

Canada

Income for mining or forging of digital currencies or NFT’s (cryptoassets) will not be subject to 5% federal GST/HST The Canadian Revenue Agency has proposed exempting income received from creating, or ‘mining’, Cryptocurrencies. This follows EU Cryptocurrency VAT proposals on mining, wallet services and payment

Italy exempt Cryptoassets mining and utility tokens for funding offers from VAT

13 January 2023 in

Crypto-Assets

Two rulings clarify VAT liabilities on Cryptoassets The Italian Agenzi Entrate has provided guidance on the VAT liabilities of Cryptoassets in two rulings VAT exemption for Cryptoassets Mining The tax authorities stated that mining or forging (creation) of cryptoassets is an exempt activity. This is

EU VAT liabilities on cryptocurrencies and NFT platforms

1 November 2022 in

Bitcoin

Platforms as undisclosed agents hold VAT bill on certain tokens and NFT's Crypto-assets are similar to digital services for VAT, meaning digital intermediaries and marketplaces are generally liable where they facilitate the sale and control terms, delivery and charging. There is some variation where the

Spain assesses VAT on Non-fungible token as electronic service

23 May 2022 in

Crypto-Assets

NFT classified as digital service and liable to 21% VAT Agencia Estatal de Administración Tributaria, AEAT, has ruled that the supply of Non-fungible token is to be regarded as the supply of an electronic service and subject to the standard rate of 21% The ruling was provided

Germany exempts virtual in-game land sales

4 May 2022 in

Crypto-Assets

Payments for digital properties within online games outside scope of VAT The German Federal Tax Court, BFH, has ruled that sales or leasing for consideration of virtual buildings or land is outside the scope of VAT. The case covered the use of the US-based game,

Ireland confirms VAT obligations on crypto-assets

3 May 2022 in

Bitcoin

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

Tag: Crypto-Assets

EU DAC8 adopted – Crypto assets tax reporting harmonisation Jan 2026

Kenya 3% cryptoassets and 15% content creator taxes

Canada to exempt crypto mining from GST/HST

Italy exempt Cryptoassets mining and utility tokens for funding offers from VAT

EU VAT liabilities on cryptocurrencies and NFT platforms

Spain assesses VAT on Non-fungible token as electronic service

Germany exempts virtual in-game land sales

Ireland confirms VAT obligations on crypto-assets

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