- Under the Fintech Law, invoices are treated as financial instruments, and intermediation means buying or selling them on one’s own account or for others.
- If invoices are bought or sold on one’s own account, the result is considered the taxpayer’s own business income, not a VAT-taxable service.
- If invoice intermediation is performed for a fee on behalf of others, it is subject to VAT because it is a service.
- Related ancillary or complementary services tied to invoice intermediation are also subject to VAT.
Source: assets.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.
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