the difficult part is not collecting the sales tax or VAT
but paying it, as would need VAT registration in EU and UK
and yes conversion would need be done instantly
this then adds expense
being twetch green would make no difference
but twetch would need to KYC sellers of the market place
It would be a lot of hassle for a small team
Post by Conor McGee
Twetch green needs to be the KYC imo.
Green generates revenue which can be used to help cover costs of this.
To be honest they are already facilitating the sale of jpegs.
So what's the difference? NFTs are not exempt from VAT.
Building something worthwhile and long-lasting is always expensive. Hassle isn't impossible.
So the question is really should it be done?
What the chain says
- Block
- 961 846
- Time
- 2026-08-11T11:13:09Z
- Signer
- 1CporeJP76jtbAd3AHXAA4ZTYYMo3J7UG1
- App
- twetch
- Type
- reply
- Content type
- text/markdown
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1CporeJP76jtbAd3AHXAA4ZTYYMo3J7UG1 Unverified