Today, the video game industry is worth more than music and video streaming combined, with a value of $130 billion in 2018 and expected to become a $300 billion industry by 2025. With the rise of mobile games and easy access to those games through platforms such as Google Play or the App Store, the gaming industry has shifted from traditional retail of physical units to digital distribution and app download as a main way to deliver content. New supply and transaction chains are making it hard for legislation to keep up and cover all possible scenarios.
Conversely, keeping in mind the sheer size of the gaming industry and the revenue it brings, it is important to explore how these new revenue streams are accounted for from a VAT and fiscalization perspective. This article explores the niches of the gaming industry and digital platforms, how they account for VAT, and whether typical retail rules apply to them accordingly.
New document was uploaded: Tax treatment of mobile game sales and in-game purchases
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Metaverse
Author: Kristina Dosen
Category:
Fiscal subject related
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533
Content accuracy validation date:
12.10.2023
Content accuracy validation time:
15:18h
Legal framework and fiscalization implications, VAT on electronically supplied services in the EU, exemptions for digital platforms are only some of the chapters and topics we wrote about in the attached article.
You can download this document here.
or by copying this link: https://www.fiscal-requirements.com/documents/890
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