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What are the VAT rates for financial services?
| Type of supply |
VAT rate |
| Margin-based products (products not having an explicit fee, commission, rebate, discount or similar) |
Exempt |
| Products with an explicit fee, commission, rebate, discount or similar |
5% |
| Interest on forms of lending (including loans, credit cards, and finance leasing) |
Exempt |
| Issue, allotment or transfer of an equity or debt security |
Exempt |
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