Italian Supreme Court rules coinsurance fees are subject to VAT

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26 June 2018

Italian Supreme Court rules coinsurance fees are subject to VAT

The Italian Court of Cassation (Court) issued a landmark judgment on May 11, concerning the Value Added Tax (VAT) treatment of coinsurance fees. The Court ruled that the services supplied by the delegated insurer to the other co-insurers are neither exempt financial services nor ancillary to insurance services and therefore subject to VAT.

An Indirect Tax Services group Alert, attached below, provides additional details.

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Document ID: 2018-1302

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