Base

If I create an NFT that people can mint:

- Is this a sale? Or a service?
- Do I have to register a business?
- What do I need to know about the people who mint?
- Do I charge VAT?
- More generally, how do taxes work in this case?

I'm thankful for answers or links to a good guide 🙏🏼

Freelance software engineer, developing https://healthlearn.org, altruist, learner

unreal reality  /misha 🪨 mishaderidder.eth.limo glitch.mishaderidder.com 

Cool, thanks!

So I guess I'd need a VAT ID? Typically, VAT also depends on whether the sale is within the EU or to a client outside the EU. In the latter case, you might not need to pay VAT due to reverse charge agreements... how do you handle this?

This really depends on where you’re living.
Laws will be different for each country.

For my area Netherlands it would be a sale, you’d have to charge VAT and pay income tax on profits. You wouldn’t have to register as a business, but doing so would be good for tax and simplify stuff.