News & Analysis as of

Digital Assets Cryptocurrency Value-Added Tax (VAT)

Awatif Mohammad Shoqi Advocates & Legal...

Understanding the significant improvements to the VAT Executive Regulations in the UAE.

The Federal Tax Authority (FTA) of the UAE recently amended some provisions of the UAE VAT Executive Regulations, particularly Cabinet Decision No. 52 of 2017, on the Implementing Regulation of Federal Decree-Law No. 8 of...more

Hogan Lovells

Online intermediaries are obliged to collect Spanish VAT on sales of NFTs through their marketplaces

Hogan Lovells on

Due to the anonymity of non-fungible tokens’ (“NFTs”) transactions, sellers face practical difficulties in determining whether or not they should charge Spanish Value Added Tax (“VAT”) to the buyers on sales through online...more

Hogan Lovells

First Spanish ruling on the VAT treatment of the sale of NFTs

Hogan Lovells on

The Spanish Tax Authorities (“STA”) have issued the first ruling analysing the Value Added Tax (“VAT”) treatment of the sale of non-fungible tokens (“NFTs”) that grant the buyer a right to use an underlying digital artwork....more

Perkins Coie

Blockchain Week in Review - November 2019

Perkins Coie on

U.S. Developments - Litigation - New York Resident Indicted for Duping Investors with Fake ICO Scam - On November 6, the United States Attorney for the Southern District of New York announced a wire fraud charge...more

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