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Italian Tax Authority Rules on Whether Advisory Service in Connection with a VAT Exempt Supply May Qualify as an Exempt Ancillary Supply

The ruling concerns an Italian holding company that decided to sell a minority stake in one of its subsidiaries and, for this purpose, engaged an investment bank as a financial advisor to identify a suitable investor to acquire the minority stake, develop a suitable structure for the transaction, and provide other related services.

Source: Orbitax

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