European Court of Justice Issues Advocate General Opinion on Lithuanian VAT Liability for In-Game Currency

The European Court of Justice (ECJ) Sept. 11 issued an Advocate General opinion for Case C-472/24, on Lithuanian VAT liability rules for in-game currency. The taxpayer, a Lithuanian small partnership, earned a profit by purchasing and reselling in-game currency for an online game. The Lithuanian tax authorities found the activity gold trading, with the profit subject to VAT. Upon request for a preliminary ruling, the Advocate General opined that: 1) Directive 2006/112/EC on the common system of VAT must be interpreted as only exempting transactions regarding legal or non-legal tender accepted as a contractual and direct payment method between operators, ...