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Repeal of VAT exemption for intercompany services in banking and insurance sectors by 2025.

  • Repeal of the VAT exemption for other services between certain companies (such as merger exemption for banks and insurance companies) (§ 6 Abs 1 Z 28 UStG)
  • Repeal of the VAT exemption § 6 Abs 1 Z 28 UStG for service billing between certain companies (especially banks and insurance companies)
  • The change will take effect on January 1, 2025.

Source: info.leitnerleitner.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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