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

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

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

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

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

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

While the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal, there is still little to no regulation in regard to NFTs in Europe. In the U.S., however, Wisconsin has become the fifth state to issue official guidance on the sales tax status of NFTs. Namely, it was established that the acquisition of an NFT may be taxable in cases where the product, g... Read more