024 - FinTech and VAT

<p><span style="font-weight: 400;">On this</span> <a href= "https://directory.libsyn.com/shows/view/id/compliancethatmakessense"> <span style="font-weight: 400;">Compliance That Makes Sense</span></a> <span style="font-weight: 400;">episode, Yana is talking today about FinTech and Value Added Tax. Many Fintech companies in Europe and other places where there is an equivalent of the VAT ask her to confirm that Crypto and FinTech businesses are exempt. If you need a quick answer, it would be almost, but there is one big exemption. Often, a FinTech company has a hybrid model or company; the fees they charge are exempt, but some fees, payments, and revenue-generating activities could be subject to VAT. Listen as Yana shares how to know what is and what isn't exempt.</span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p><strong>Today's episode:</strong></p> <ul> <li><span style="font-weight: 400;">[00:34] Hello, my friends!</span></li> <li><span style="font-weight: 400;">[02:13] It is normal for many FinTech companies to have hybrid models where they charge exempt fees.</span></li> <li><span style="font-weight: 400;">[04:12] There are a lot of mixed hybrid events that might happen.</span></li> <li><span style="font-weight: 400;">[05:19] It isn't uncommon to see regulatory requests for cryptocurrency-focused businesses to be split and have two legal entities.</span></li> <li><span style="font-weight: 400;">[07:24] Yana offers some thoughts and ideas about how to go about thinking about these issues.</span></li> <li><span style="font-weight: 400;">[10:18] You also need to think about both entities and which will have direct contact with the customers.</span></li> <li><span style="font-weight: 400;">[11:25] There are no particular right or wrong answers to these questions.</span></li> <li><span style="font-weight: 400;">[11:46] Thank you for listening!</span></li> </ul> <p><strong>Show links:</strong></p