OECD Developing VAT Guidance for Crypto Assets, Official Says

The OECD is working on a framework for countries to impose value-added taxes on crypto assets, an OECD official said Thursday.

The Organization for Economic Cooperation and Development’s working party on consumption taxes is developing an evaluation framework for countries to consider how they tax crypto assets— including payment tokens, security, non-fungible tokens and related services— from a VAT perspective, Michelle Harding, senior adviser at the OECD said.

She was speaking at WTS Hansuke’s 7th Annual Financial Services Tax Conference in London.

• The framework would aim to ensure that ...