MoF Confirms VAT Exemption for Gratuitous Option Agreements

• The Ministry of Finance has stated that gratuitous option agreements are not subject to VAT
• This decision clarifies the tax treatment of these types of agreements
• The ruling is expected to provide clarity for businesses and taxpayers
• It is important for companies to understand the tax implications of their agreements to ensure compliance with regulations

Source: research.ibfd.org

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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