NFTs have taken the world by storm, and regulators are taking notice. In February 2023, the Value Added Tax (VAT) Committee of the European Commission released a Working Paper to address the legal ambiguity of the VAT treatment of NFTs (non-fungible tokens). In this article we summarized the main points.
The eco-social tax reform has been in force in Austria since March 1st, 2022 and has clarified crypto taxation in Austria. The special feature: Taxpayers