Single Supplies Of Insurance Services Are Taxable, ECJ Says

Law360 (March 26, 2021, 3:56 PM EDT) -- Multiple services provided to insurance companies might not qualify for a European value-added tax exemption if they are categorized as a single supply, Europe's top court ruled in a potential setback for an insurance product developer.

Including one exempt service in a group of services classified as a single supply of goods wouldn't make the whole supply exempt from tax, the European Court of Justice said Thursday. If a taxable service such as the licensing of an insurance product constitutes the main service in the single supply, that whole supply can be subject to tax, the court said, a finding that...

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