EU States Agree VAT Rules For Crowdfunding

The VAT Committee unanimously agreed that, for VAT purposes, the activity of crowdfunding platforms supplying services to entrepreneurs will constitute an economic activity. The VAT Committee further almost unanimously agreed that the supply of such services should fall within the scope of VAT and must be taxed unless what is provided consists in financial services exempted under Article 135(1) of the VAT Directive

Read more: EU States Agree VAT Rules For Crowdfunding

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