More and more companies are either building or considering building a presence in a metaverse. As metaverses continue to develop, they’re blending online multiplayer gaming, cryptocurrency, non-fungible tokens (NFTs), and virtual reality into a new immersive digital experience for their users. In this article, Baker McKenzie aim to provide a non-exhaustive overview of some high-level tax aspects to consider when expanding into the metaverse ecosystem.
Henrik Stipdonk is a counsel in the Amsterdam Tax Practice Group and a member of the US Focus Group. He concentrates on Dutch and international tax law. Henrik has a strong focus on advising US multinationals and private equity firms on complex direct tax matters and practiced tax law for several years in Chicago. After he started his career at Baker McKenzie in 2008, he worked several year at a big four company. He returned to Baker McKenzie in 2019.