United States of America: Washington State tax guidance on non-fungible tokens
Progress
Current status
in force
01 Jul 2022 in force
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
platform intermediary: other
Government Branch
executive
Government Body
tax authority
Implementation Level
national
Timeline of events
Released interim guidance regarding taxability of NFTs
On 1 July 2022, the Department of Revenue of Washington state issued an Interim Guidance Statement subjecting non-fungible tokens (NFTs) to a 6.5% sales tax and a 0.471% business and occupancy (B&O) tax. Under the Interim Guidance, NFT sellers have …
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
tax authority