Metaverse
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Metaverse is considered as a combination of technical elements, including virtual and augmented reality and video, where users "live" within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from music concerts or meetings to virtual trips around the world. As an innovative company, we have bought land in Sandbox and decided to educate ourselves about this new world modern technology has brought us. Once our clients started asking us what can they do in Metaverse and how, we knew we had to join this trend, and that is exactly what we did.
Metaverse
The term Metaverse has often been used as a buzzword to exaggerate the development progress of various technologies and projects for public relations purposes. Yes, technology is developing fast, and many interesting business concepts are arising. However, some other aspects of business, that are also important, are not that much a part of the conversation yet. Privacy policies, user safety, addiction, possible fiscalization and many other topics are only some of the concerns within Metaverse that need to be taken much more seriously in the future.
Fiscal Solutions is following retailers into Metaverse!
Latest news for Metaverse
See moreNew document was uploaded: Tax treatment of mobile game sales and in-game purchases
Metaverse
Author: Kristina Dosen
Today, the video game industry is worth more than music and video streaming combined, with a value of $130 billion in 2018 and expected to become a $300 billion industry by 2025. With the rise of mobile games and easy access to those games through platforms such as Google Play or the App Store, the gaming industry has shifted from traditional retail of physical units to digital distribution and ap... Read more
Today, the video game industry is worth more than music and video streaming combined, with a value o... Read more
Montenegro will introduce a law on cryptocurrency.
The Europe Now Movement (Pokret Evropa Sad) has announced that it will work with the world's biggest experts in the field of cyber security on a law that will protect the citizens of Montenegro and their capital from potential fraud in the crypto world. The president of the Europe Now Movement said that digital scams like Cheil Worldwide, Bitconnect, and more recently Terra were only stopped when... Read more
The Europe Now Movement (Pokret Evropa Sad) has announced that it will work with the world's biggest... Read more
The EU's DAC8 proposal strengthens tax enforcement and reporting in the digital economy.
Metaverse
Author: Kristina Dosen
The European Union (EU) has put forward the DAC8 proposal, aimed at enhancing the detection and prevention of tax fraud, evasion, and avoidance. This legislative initiative aims to improve the ability of member states to combat these financial crimes. Additionally, the Organization for Economic Co-operation and Development (OECD) is working on a global crypto-asset reporting framework (CARF). Thes... Read more
The European Union (EU) has put forward the DAC8 proposal, aimed at enhancing the detection and prev... Read more
European Union: VAT Committee publishes guidance on VAT treatment of NFTs
The European Union (EU) VAT Committee has published a working paper on NFTs, which sets out the current NFT ecosystem landscape and provides qualifying definitions of NFTs and related concepts that are currently undefined in existing EU regulations. The working paper also provides guidance on the VAT treatment of NFT transactions, which must be analyzed on a case-by-case basis to determine whether... Read more
The European Union (EU) VAT Committee has published a working paper on NFTs, which sets out the curr... Read more
Hong Kong Court declares cryptocurrencies as property
Metaverse
Author: Kristina Dosen
A Hong Kong-based court has recognized cryptocurrencies as property that can be owned and claimed, according to a ruling related to defunct crypto exchange Gatecoin. In the stated case, Judge Linda Chan reportedly said that crypto has property attributes. The court thought it was fine to follow the rationale applied by other jurisdictions: that crypto is property and can be subject to demand. T... Read more
A Hong Kong-based court has recognized cryptocurrencies as property that can be owned and claimed, a... Read more
The European Parliament has given the green light to a rule to regulate the field of cryptocurrencies
Metaverse
Author: Kristina Dosen
On April 20, 2023, the European Parliament gave the green light to the first comprehensive rules for regulating the field of cryptocurrencies. According to the new regulation, service providers will have to protect the digital wallets of customers, and if they lose investors' crypto funds, they will have to be responsible for it. The purpose of the rules is to protect investors from abuse and mani... Read more
On April 20, 2023, the European Parliament gave the green light to the first comprehensive rules for... Read more
Latest document for Metaverse
See moreTax treatment of mobile game sales and in-game purchases
Metaverse
Author: Kristina Dosen
Today, the video game industry is worth more than music and video streaming combined, with a value of $130 billion in 2018 and expected to become a $300 billion industry by 2025. With the rise of mobile games and easy access to those games through platforms such as Google Play or the App Store, the gaming industry has shifted from traditional retail of physical units to digital distribution and ap... Read more
Today, the video game industry is worth more than music and video streaming combined, with a value o... Read more
Recorded webinar: Meet Fiscal Solutions – What is our core business?
On March 15, 2023, Fiscal Solutions organized a free webinar on the topic of „Meet Fiscal Solutions – What is our core business?“. The webinar was held by Danilo Krstonijević, Account Manager at Fiscal Solutions. This webinar introduces us as an IT specialist for fiscalization and explains in detail what we do. Read more
On March 15, 2023, Fiscal Solutions organized a free webinar on the topic of „Meet Fiscal Solutions... Read more
Taxes in Metaverse (18.05.2022.)
Metaverse
Author: Kristina Dosen
This presentation introduces you to the Metaverse in terms of business trade and regulation. What is the Metaverse? How can it become an opportunity for businesses? How is Metaverse being regulated? Read more
This presentation introduces you to the Metaverse in terms of business trade and regulation. What is... Read more
Recorded webinar: MiCa - the newest EU crypto regulation and things you need to know (10.11.2022.)
Metaverse
Author: Kristina Dosen
On October 10, 2022, Fiscal Solutions organized a free webinar on the topic of „MiCa - the newest EU crypto regulation and things you need to know“. The webinar was held by Nevena Glušac, legal consultant at Fiscal Solutions. This webinar will solve your doubts, such as what MiCa regulates and doesn’t regulate, the certification process looks, etc. Read more
On October 10, 2022, Fiscal Solutions organized a free webinar on the topic of „MiCa - the newest EU... Read more
NFT licence agreement
Metaverse
Author: Kristina Dosen
Animoca Brands, a game software company, has issued a set of NFT licenses available under creative commons in an attempt to create a legal framework that will ensure the enforceability of NFT royalties. This licence agreement sets out the terms relating to the grant of a licence in certain intellectual property, which is a collection of digital collectible tokens. The template for the NFT project licence Agreement, which can be used personally, commercially, and without any limits, can be found as follows. Read more
Animoca Brands, a game software company, has issued a set of NFT licenses available under creative c... Read more
Proposal for a regulation for the Markets in Crypto Assets (MiCA)
Metaverse
Author: Kristina Dosen
On October 5th, 2022, following the trialogue between the European Commission, Council, and Parliament, the Permanent Representatives’ Committee agreed on a draft overall compromise package on the Proposal for the Markets in Crypto Assets (MiCA) framework. MiCA will be applicable across the EU and it will directly apply to all Member States, without the need to further implement it into national... Read more
On October 5th, 2022, following the trialogue between the European Commission, Council, and Parliame... Read more