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EU reviews VAT on crypto-assets

28/04/2022 in

Bitcoin

EU’s VAT Committee reviews VAT treatment on cryptocurrency payment tokens The European Commission’s VAT Committee is reviewing the Value Added Tax issues arising from cryptocurrencies such as bitcoin, Spice and utility tokens. The discussion covers the VAT position, including whether taxable supply, and then, if a

New Zealand makes Non-Fungible Tokens liable to GST

01/12/2021 in

cryptocurrency

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

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Tag: cryptocurrency

EU reviews VAT on crypto-assets

New Zealand makes Non-Fungible Tokens liable to GST

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