Concerning value-added tax treatment of trading with non-fungible tokens (NFTs)

• Trading with NFTs (e.g. digital image files as collectibles) constitutes services, not supplies.
• Sellers are considered entrepreneurs; service recipients are the NFT buyers—not the platform (such as OpenSea)
• The pseudonymization of wallet addresses does not prevent VAT liability
• Documentation requirements: If the seller does not prove the buyer is an entrepreneur, it must be assumed that the service is provided to a consumer

The Kassel tax office takes over the income tax return for 2024

• The tax office prepares a preliminary tax assessment based on already available electronic data and informs selected citizens
• Those affected only need to review the proposal. If no objection is filed, the assessment is automatically considered accepted after four weeks
• If additional expenses or information need to be added, this can be conveniently communicated online via ELSTER. In this case, no separate tax return is required either

Tax information for influe-ncers and content creators