Art. 10, paragraph 1, no. 4 of Presidential Decree 633/72 recognizes the VAT exemption for transactions relating to financial instruments, including those designed to hedge risks of changes in interest rates, exchange rates, stock exchange indices or market prices of goods. This is what the Italian Revenue Agency specified in the resolution no. 1 published yesterday, January 3, 2022, regarding the VAT treatment of differentials to be paid in execution of contracts
Source: eutekne.info
