EU: Financial services, tax update (August 2020)

EU: Financial services, tax update (August 2020)

The KPMG member firm in the Netherlands prepared a report that describes tax developments for the financial services sector.


In this August 2020 report, two judgments by the Court of Justice of the European Union in value added tax (VAT) cases are discussed:

  • One concerning a finding that co-location services do not constitute the leasing of or service attributable to immovable property
  • The second confirming that the provision of a single management service is not partially VAT-exempt

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