- Although the regulatory provision ‘concerns only active transactions, there are no obstacles to a mirror reading of the same in relation to passive transactions carried out by the building organization”.
- Therefore, the Italian branch also assumes an active role with respect to the purchase of gas, ‘during” the passive operation, since the latter also has the character of a continuing operation.
- As a result of this reconstruction, the purchase is to be considered directly charged to the Italian permanent establishment, which is required to apply the reverse charge mechanism.
Source: eutekne.info
Latest Posts in "Italy"
- VAT Reimbursement Right When Assessed VAT Goes Unpaid
- Italy: 10% VAT Denied on Photovoltaic Battery Storage Sale
- VAT Rate for Battery Storage Installation on Existing Photovoltaic Systems
- Italy Preliminarily Approves Corrective Decree Covering the New VAT Code
- Italian Revenue Agency Updates Rules for Automatic Closure of Inactive VAT Numbers
