31/07/2023
Patrick Camuso, CPA
06/06/2023
As digital assets, including NFTs and cryptocurrency, continue to gain attention it’s crucial for NFT sellers, creators, purchasers, and marketplaces to understand the sales tax liabilities associated with their transactions.
Digital Impost’s 2023 NFT & Digital Asset Sales Tax Guide continues our examination of the guidance and tax implications surrounding NFTs, digital assets and sales taxes.
Whether you own are a company integrating NFTs into your business model, an NFT artist, marketplace, entrepreneur or an NFT purchaser we hope to provide new lenses through which you can look to determine your next steps to protect your bottom-line and reputation from non-compliance with NFT sales tax regulations.
As we look out on the horizon, the digital asset and NFT sales tax landscape for 2023 continues to take shape. Digital asset and web3 businesses that want to be long-term industry players need to ensure that they are compliant with sales tax filing and remittance to avoid unwanted tax surprises and negative publicity.
We hope that the insights provided in this year’s Guide will help you with that process.