key takeaways

• The metaverse ecosystem is attracting companies from all industries and is no longer limited to companies with an existing deep presence in the digital space.
• When exploring a shift to the metaverse, it’s wise for businesses to carefully consider the tax implications of indirect taxes, such as VAT and sales tax, and direct taxes early on.
• While digital developments are always evolving much faster than tax laws can accommodate, there are areas of opportunity to be at the forefront of business in the metaverse environment.

Thoroughly

More and more companies are building or considering building a presence in a metaverse. As the metaverses continue to develop, they combine multiplayer online gaming, cryptocurrencies, non-fungible tokens (NFTs) and…