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VAT Exemption and Deduction Rights for Fishermen and Shipowners: Clarifications and Updates in Insurance Operations

    1. Fishermen and fishing vessel owners who are exempt from VAT can now benefit from a deduction right for the sale of their fishing products.2. The VAT exemption status for operations carried out by insurance co-brokers has been clarified.3. Doctrinal comments on insurance and reinsurance operations have been transferred to a new document.4. The BOI-TVA-CHAMP-60-40 has been updated with references to the new document BOI-TVA-CHAMP-30-10-70.

Source: bofip.impots.gouv.fr

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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