- When a financial intermediary acts on behalf of third parties, the amount of the Financial Transactions Tax (FTT) is part of the taxable base of the VAT for the service provided by the intermediary.
- The FTT does not represent a greater consideration for the services of mediation or deposit provided by the intermediary, so this tax should not be part of the taxable base of their operations.
Source: audiconsultores-etlglobal.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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