Puerto Rican Treasury Department Aims to Tax NFT Sales
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The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe…
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A recent report stated that a man pleaded guilty for false tax returns submission on his NFT sales. NFTs have been receiving increased attention from regulators over the past few months. Over the weekend, the crypto market showed a brief bullish return, much to the joy of investors. Bitcoin reclaimed…
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…