NFTs and VAT fraud - A perfect match
Published: 2021-01-01
Organization: Schwarzthal Tech
Overview: Non-fungible tokens, digital art, online marketplaces, exchanges, value-added tax… Experts highlighted investment scams as the main risk concerning the foreseeable development of NFTs. NFTs are a blockchain representation of a digital product subject in many jurisdictions to value-added tax. Are NFTs the perfect vehicle for evading Value Add Tax?