Italian authorities say that the company evaded taxes and needs to cough up. In response, Booking.com says it’s all a big misunderstanding about what their role is and who really is responsible for managing VAT.
If that seems like a rather abstract defence, it’s because it points to an important ambiguity about how VAT functions in the modern digital economy.
Source: vatglobal.com
Latest Posts in "Italy"
- Commercial Property Conversion to Residential: VAT Deduction Adjustment Required Under Italian Tax Law
- Italian Supreme Court Rules Non-Deductibility of VAT on Non-Existent Transactions for Business Income
- Exclusion of Capital Goods in Pro-Rata VAT Calculation: Recent Interpretations and Implications
- VAT Deduction Rights During Company Liquidation: Recent Clarifications and Legal Interpretations
- Legislative Decree Reforming VAT Deductions for Third Sector, Business Crisis, and Sports