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 moreThe Republic of Srpska has established a registry of intermediaries in cryptocurrency trade with a newly published rulebook
Based on news from Banja Luka, Republic of Srpska has established a registry of intermediaries in the trade of cryptocurrencies, which continues to regulate this market. Also, what allowed for this novelty is that in the Republic of Srpska, a new regulation has been published as the Rulebook on the record of service providers related to virtual currencies. This country has established a registr... Read more
Based on news from Banja Luka, Republic of Srpska has established a registry of intermediaries in th... Read more
Japan's Tax Agency publishes guidelines for taxing NFT sales and crypto gaming profits
Metaverse
Author: Kristina Dosen
Japan’s National Tax Agency has published a guideline on the taxation of sales of non-fungible tokens (NFTs) and the profits earned by crypto and blockchain gamers. Namely, the tax in question that is to be applied to NFT transactions is a consumption tax, which is Japan’s equivalent of VAT. According to the guideline, NFTs in Japan qualify as a form of intangible property, and NFT transactions i... Read more
Japan’s National Tax Agency has published a guideline on the taxation of sales of non-fungible token... Read more
New document was uploaded: Taxes in Metaverse
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
Potential direction plans regarding taxes on cryptocurrency transactions in Greece are currently in the spotlight
Interventions in taxation are being considered in Greece, as until now in this country's tax legislation there was no specific tax regime that governed the profits obtained by taxpayers from capital gains from the sale of cryptocurrencies. After the undeclared profits from "Airbnb-type" rentals, the Independent Public Revenue Authority (TA) is now trying to "hand in," i.e., start to tax the profi... Read more
Interventions in taxation are being considered in Greece, as until now in this country's tax legisla... Read more
DAC 8: The EU’s new rules regarding tax reporting of crypto-assets
Metaverse
Author: Kristina Dosen
On December 8, 2022, the European Commission presented its proposal for the new tax transparency law, called DAC 8. This law, which supplements the MiCa crypto-asset regulation, would require all service providers facilitating crypto-asset transactions for EU customers to report crypto transactions of EU clients. DAC 8 would cover both domestic and cross-border transactions, and in some cases,... Read more
On December 8, 2022, the European Commission presented its proposal for the new tax transparency law... Read more
Blockchain could be used in VAT to digitalize the exchange of tax data between businesses and tax authorities
Metaverse
Author: Kristina Dosen
On November 16th, 2022, IDSt held a conference on the topic of „Digital Transformation in VAT." In one of the sessions, a discussion on use cases for blockchain in VAT was held. Namely, it was noted that there was a need to build a new, digital infrastructure for the exchange of tax-relevant data between companies and with the tax authorities in the future. This would include the use of blockch... Read more
On November 16th, 2022, IDSt held a conference on the topic of „Digital Transformation in VAT." In o... Read more
Latest document for Metaverse
See moreTaxes in Metaverse
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
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
NFT's in Retail - web3, fiscalization, taxation and POS systems
Metaverse
Author: Kristina Dosen
The purpose of this document is to provide general information regarding web3, that is blockchain technology, cryptocurrency (“crypto”) and non-tangible tokens (NFTs). In addition to this, the document will provide insights into the tax treatment of transactions related to digital assets, such as crypto and NFTs, and more general terms. Read more
The purpose of this document is to provide general information regarding web3, that is blockchain te... Read more
Retail Talks: Why Web 3? (Part two)
Metaverse
Author: Kristina Dosen
We see Web 3 as the evolution of technology and business concepts. If we talk about fiscalization, we think that the fiscalization will move in the web 3 direction. Why Web 3? Why is Fiscal Solutions investing so much effort in this topic? What is the use of Web 3 in fiscalization?Let’s hear what the CEO of Fiscal Solutions, Darko Pavic, has to say! Read more
We see Web 3 as the evolution of technology and business concepts. If we talk about fiscalization, w... Read more