VAT Exemption for Intermediary Services in PPK Sales: NSA Ruling July 2, 2024

• The case involved the interpretation of VAT exemption for intermediary services in the sale of Employee Capital Plans (PPK).
• A company in the insurance and reinsurance sector sought confirmation that their intermediary services for PPK management agreements could be VAT exempt.
• The Director of the National Tax Information (KIS) disagreed with the company’s position, stating that PPK management agreements are not financial instruments.
• The Provincial Administrative Court overturned the KIS interpretation, stating that intermediary services for PPK sales could be VAT exempt.
• The Supreme Administrative Court dismissed the tax authority’s appeal, agreeing that PPK intermediary services should be VAT exempt.
• The ruling has significant implications for VAT exemptions in financial services, allowing companies to apply for VAT exemption for financial intermediary services.
• This decision may impact how financial services are classified for tax exemptions, potentially affecting business models and tax strategies.

Source: mddp.pl

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.

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