Sweden: Tax Agency Clarifies VAT Rules for NFTs with Digital Works

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On March 28, the Swedish Tax Agency issued Statement No. 8-2837945, outlining VAT rules for non-fungible tokens (NFTs) linked to digital works. The clarification stipulates:


1) a 25 percent general tax rate for NFTs with linked digital works;

2) ownership of both the digital work and the NFT itself;

3) the Tax Agency’s consideration of NFT transfer as a single transaction for tax purposes;

4) treatment of NFT transactions as electronic services subject to VAT if occurring within Sweden; and

5) the inapplicability of the reduced tax rate for sales of NFTs, as it’s reserved for physical works of art.



Source: skatteverket.se

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