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
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