Payment services are exempted supplies for VAT purposes. All exemptions, within the VAT system, are granted in respect of practical reasons more that in accordance with some general principle. This is even more true for payment services. In fact, the EU Court of Justice has been asked more than once to provide a clear guidance in order to distinguish between technical operation and payment services. The fact that the distinction still remains blurred, will become even more critical in the context of the digital and platform economy. It is likely that these criticalities will lead to the development of a new notion of payment services or to a new definition of ancillary supplies
Profili IVA dei Servizi di Pagamento
Guglielmo Fransoni
2023-01-01
Abstract
Payment services are exempted supplies for VAT purposes. All exemptions, within the VAT system, are granted in respect of practical reasons more that in accordance with some general principle. This is even more true for payment services. In fact, the EU Court of Justice has been asked more than once to provide a clear guidance in order to distinguish between technical operation and payment services. The fact that the distinction still remains blurred, will become even more critical in the context of the digital and platform economy. It is likely that these criticalities will lead to the development of a new notion of payment services or to a new definition of ancillary suppliesI documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
