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VAT treatment of prize money that is dependent on placement (German Ministry of Finance (BMF) guidance of 27 May 2019)

In the guidance at hand, the German Ministry of Finance issued its opinion on the VAT treatment of prize money that is dependent on placement. Participation in a competition (horseracing, poker tournaments, etc.) only constitutes a supply of services provided in return for remuneration if the organizer makes a payment which is not dependent on the placement.

Source: KPMG

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