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Washington issues interim statement regarding the taxability of NFTs

By Jonathan Feldman, Jeremy Gove & Alla Raykin on July 14, 2022
Posted in Digital Economy

The Washington Department of Revenue issued an Interim Guidance Statement on the taxability of non-fungible tokens (NFTs). The guidance provides that the purchase of a standalone NFT is generally subject to sales tax as the sale of a digital product, and the seller of the NFT is also subject to the business and occupation (B&O)…

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