Financial service company need to pay charge VAT?

[openmind]

Does a financial operation need to charge VAT if it is registered in an onshore country like Cyprus or Malta?

 

[JohnLocke]

In most European country a financial company can be exempted to charge VAT for certain‌ transactions.

 

[openmind]

You mean they will be exempted from VAT right?

 

[JohnLocke]

Your correct.

 

[orangeye]

Is Forex trading license the only possible reason to get exempted from VAT? Or is‌ private investment also accepted?

 

[JohnLocke]

All financial companies Non-banking financial company - Wikipedia, the free encyclopedia are exempted from VAT‌ 🙂