Answer n. 130/2021 provides clarifications on the complex issue of identifying the VAT regime applicable to transactions involving equity securities, distinguishing in particular the scope of taxable transactions consisting of obligations to do, not do or permit from that of financial services having to object shares, bonds or other securities not representative of goods and shares, exempt pursuant to art. 10 paragraph 1 n. 4) of Presidential Decree 633/72.
Source: eutekne.info
