Football Taxation - Clubs' Perspective: What is the Taxation of Non-Fungible Tokens (NFTs) and any Crypto Assets Owned or Developed by a Club?

Argentina

Football clubs that are exempt from Income Tax do not have to pay taxes on the profits obtained, including those derived from the sale of crypto assets or NFTs. Regarding VAT, transactions involving crypto assets and NFTs are generally not subject to VAT in Argentina. Therefore, even if a football club buys or sells crypto assets or NFTs, they should not be subject to VAT. However, it is crucial to consider that, if crypto assets or NFTs are part of a transaction that could involve non-exempt services, the specific case should be analyzed to determine the applicability of VAT.

Belgium

Currently, no specific corporate tax regime exists regarding the creation or sale of NFTs or crypto assets. As such, the general rules apply, which can be summarized as follows.

To the extent that the creation of NFTs can be considered as an investment, these NFTs must initially be recorded at their...

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