{"id":7897,"date":"2025-07-21T01:45:20","date_gmt":"2025-07-21T00:45:20","guid":{"rendered":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases"},"modified":"2025-09-03T15:13:49","modified_gmt":"2025-09-03T14:13:49","slug":"taxation-vat-for-nft-purchases","status":"publish","type":"kb","link":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases","title":{"rendered":"Taxation (VAT) for NFT purchases"},"content":{"rendered":"<p>Simplex offers payment processing services for a few platforms that specialise in selling <strong>NFTs.<\/strong><\/p>\n<p><strong>NFTs (Non-Fungible Tokens)<\/strong> are classified and considered as \u201c<em><strong>digital goods<\/strong><\/em>\u201d, whereas the purchase of NFTs itself can be regarded as a \u201c<em><strong>digital service<\/strong><\/em>\u201d.<\/p>\n<p>Based on international regulations, <strong>value-added tax (VAT)<\/strong> is due when buying electronically supplied goods or services online.<br \/>Simplex must comply with regulations and <strong>apply VAT<\/strong> for digital goods purchases through our partner platforms.<\/p>\n<p>Although the fee varies per country based on the purchaser&#39;s location and can be as high as 27%, VAT for NFT purchases through Simplex is an average of <strong>10%<\/strong>.<br \/>The VAT is <strong>included in the final price of the NFT displayed<\/strong>, alongside the usual payment processing fees.<\/p>\n<p>More information about our processing fees can be found <a href=\"https:\/\/www.simplex.com\/kb\/what-fees-do-you-charge-for-card-payments\" target=\"_self\"><em><strong>here<\/strong><\/em><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Simplex offers payment processing services for a few platforms that specialise in selling NFTs. NFTs (Non-Fungible Tokens) are classified and considered as \u201cdigital goods\u201d, whereas the purchase of NFTs itself can be regarded as a \u201cdigital service\u201d. Based on international regulations, value-added tax (VAT) is due when buying electronically supplied goods or services online.Simplex must<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","kb_category":[36,37],"class_list":["post-7897","kb","type-kb","status-publish","hentry","kb_category-buying-with-a-credit-debit-card","kb_category-faq"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Taxation (VAT) for NFT purchases - Simplex<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxation (VAT) for NFT purchases - Simplex\" \/>\n<meta property=\"og:description\" content=\"Simplex offers payment processing services for a few platforms that specialise in selling NFTs. NFTs (Non-Fungible Tokens) are classified and considered as \u201cdigital goods\u201d, whereas the purchase of NFTs itself can be regarded as a \u201cdigital service\u201d. Based on international regulations, value-added tax (VAT) is due when buying electronically supplied goods or services online.Simplex must\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases\" \/>\n<meta property=\"og:site_name\" content=\"Simplex\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-03T14:13:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases\",\"url\":\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases\",\"name\":\"Taxation (VAT) for NFT purchases - Simplex\",\"isPartOf\":{\"@id\":\"https:\/\/www.simplex.com\/#website\"},\"datePublished\":\"2025-07-21T00:45:20+00:00\",\"dateModified\":\"2025-09-03T14:13:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.simplex.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Taxation (VAT) for NFT purchases\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.simplex.com\/#website\",\"url\":\"https:\/\/www.simplex.com\/\",\"name\":\"Simplex\",\"description\":\"Buy &amp; Sell Crypto Instantly \u2013 Secure, Global Onramp\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.simplex.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Taxation (VAT) for NFT purchases - Simplex","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases","og_locale":"en_GB","og_type":"article","og_title":"Taxation (VAT) for NFT purchases - Simplex","og_description":"Simplex offers payment processing services for a few platforms that specialise in selling NFTs. NFTs (Non-Fungible Tokens) are classified and considered as \u201cdigital goods\u201d, whereas the purchase of NFTs itself can be regarded as a \u201cdigital service\u201d. Based on international regulations, value-added tax (VAT) is due when buying electronically supplied goods or services online.Simplex must","og_url":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases","og_site_name":"Simplex","article_modified_time":"2025-09-03T14:13:49+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases","url":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases","name":"Taxation (VAT) for NFT purchases - Simplex","isPartOf":{"@id":"https:\/\/www.simplex.com\/#website"},"datePublished":"2025-07-21T00:45:20+00:00","dateModified":"2025-09-03T14:13:49+00:00","breadcrumb":{"@id":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.simplex.com\/kb\/taxation-vat-for-nft-purchases#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.simplex.com\/"},{"@type":"ListItem","position":2,"name":"Taxation (VAT) for NFT purchases"}]},{"@type":"WebSite","@id":"https:\/\/www.simplex.com\/#website","url":"https:\/\/www.simplex.com\/","name":"Simplex","description":"Buy &amp; Sell Crypto Instantly \u2013 Secure, Global Onramp","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.simplex.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/www.simplex.com\/wp-json\/wp\/v2\/kb\/7897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.simplex.com\/wp-json\/wp\/v2\/kb"}],"about":[{"href":"https:\/\/www.simplex.com\/wp-json\/wp\/v2\/types\/kb"}],"wp:attachment":[{"href":"https:\/\/www.simplex.com\/wp-json\/wp\/v2\/media?parent=7897"}],"wp:term":[{"taxonomy":"kb_category","embeddable":true,"href":"https:\/\/www.simplex.com\/wp-json\/wp\/v2\/kb_category?post=7897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}