When do you qualify an NFT purchase as a commercial activity?
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Brazil
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Commercial activity is often referred to as professional activity. There is no strict threshold for when an activity becomes a professional activity and rather such assessment is made on a case-to-case basis. However, in general, there are three conditions that should be fulfilled in order to be considered a professional activity: (i) independence, (ii) profit-making purpose, and (iii) long-term / permanent.