With regard to IT services relating to the management of a securities exchange platform, in order to establish the tax treatment, for VAT purposes, it is necessary to verify whether, also on the basis of the specific contractual provisions that govern them, from a functional point of view, these services are they constitute simple technical / information or administrative support activities or if they are services which, in the aforementioned terms, are suitable for determining legal-economic changes in the sphere of the legal relationships of the recipients.
For the VAT exemption of trade matching services, the degree of responsibility of the provider is determined
Sources:
Latest Posts in "Italy"
- Upcoming Consolidated VAT Code to streamline regulations
- Italian Tax Agency Communication on VAT Declaration Discrepancies for 2023 Tax Period
- Local Entity Reimbursements for Employee Electoral Leave Not Subject to VAT
- Italian Tax Agency to Share VAT Anomaly Data with Taxpayers and Finance Police
- Italy moves toward digital tax receipts
