Ruling 207: Management of ATMs – Treatment for VAT purposes

The provision of services to a bank operating ATMs consisting of making and maintaining these ATMs operational, replenishing them, installing hardware and software in order to read bank card data, submitting a request for authorization to withdraw cash from the bank that issued the bank card used and disbursing the requested cash and recording withdrawal transactions. Transactions, including negotiation, relating to deposits of funds, current accounts, payments, transfers, credits and checks or other commercial bills are exempt from VAT , with the exception of credit recovery.

Sources:

• ipsoa.it
• gov.it

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