VATupdate

Share this post on

BMF Guidance: VAT Applies to Parent Company Charges for Board Member Services

  • BMF guidance states that charges by a parent company for services by board members to subsidiaries are subject to VAT
  • These charges are not eligible for partial VAT exemption for board remuneration

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner