Tax Flash: Clarifications on the the VAT treatment of derivatives
Based on recent Circular E.2066/2023, the Directorate of Indirect Taxation of the Independent Authority of Public Revenues (IAPR) clarified that any revenues arising from Contracts for Differences (CFDs), which are derivatives not traded on a stock market (over the counter), should be treated as subject to VAT (24%).
Download the report to learn all details on the new circular.
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