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Update – EU Commission Consultation on VAT for Financial and Insurance Services

The European Commission launched a public consultation on the VAT treatment of financial and insurance services. The move is in application of the 2020 EU Tax package whereby the Commission announced its future action plans in the field of taxation. The Commission had earlier released a roadmap for discussion on the VAT treatment of financial and insurance services, and the public consultation is in furtherance of the input received on the roadmap.

Source: Orbitax

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