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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?

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