- it is up to the trial judge to establish, ”through the evaluation of intrinsic and extrinsic elements to the contract, whether the contractors intended to attribute to the sum paid (or to a part of it) function of mere deposit (confirmation), or also that of down payment or’ the price due “(Cass n. 8792/2007);
- the payment of sums as a deposit is subject to VAT and the obligation to invoice only to the extent that such sums are “intended, by the will of the parties, ascertainable by the court on the basis of elements intrinsic and extrinsic to the contract,” to advance the price for the purchase of the asset “;
- if in doubt Whether the sum of money has been paid as an advance on the price or as a deposit, it must be considered that the payment was made as an advance on the price
Source: eutekne.info
Latest Posts in "Italy"
- Online Service Launched for Linking Cash Registers and POS: First Reporting Deadline April 20
- Italy Confirms 10% Reduced VAT for Certain Medical Devices and Food Supplements Pending Customs Classification
- Italy Unveils Consolidated VAT Act: Simplified Rules, Digital Processes, and EU Alignment Effective 2027
- New Web Service to Link POS and Cash Registers Launches Today, Registration Required Within 45 Days
- Foreign VAT Refund: How to Recover VAT Paid Abroad and Turn It Into Cash Flow
