About a year ago, a Regional Fiscal Court in Cologne (Germany) ruled virtual renting of virtual land to be a VATable transaction.[1] In the case, a German taxpayer generated revenue by renting out virtual land. The taxpayer – or rather his avatar – received virtual currency in exchange for the virtual land. The taxpayer then…
“You looking to buy? Everything is tax-free.” Vendor bot Wallace, Berkeley Springs Station, Fallout 76 videogame Public interest in taxation is rising in the recent decade. Digital giants and multinational enterprises attract lots of attention, and gaming companies are no exception. On top of the heated discussions about taxation of the digital(ized) economy and…
Back in 2000, computer gaming was revolutionized. Instead of sports games, ego shooters or other genres, people caught an interest in ‘virtual living’. Games offered an extensive life simulation. To an – at that time – unprecedented degree, people could live their lives virtually. Disregarding the why behind what drives players, it is undeniable that…
