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ECJ AXA - Restrictive decision in the field of VAT and financial services
By implication, flows of services involving commissions for the transfer of funds in relation to a (not yet existing) debt could require the application of VAT on the commissions. Considering the potential wide scope of application for this decision from the financial sector to any commercial or industrial businesses, we suggest reviewing your current flows of commissions as soon as possible to determine whether this decision could have an impact on your business.
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