With the recent decision no. 30016 dated October 26, 2021, the Italian Supreme Court ruled about on the VAT treatment of the “sale and sale back”.
In brief the case regards a taxpayer which performed a “sale and sale back” transaction, concerning the sale of the farming instrument and the subsequential repurchase of the latter benefitting from installments payment, in order to get the cash necessary for its business activity.
Source PwC
See also ECJ C‑201/18 (Mydibel SA vs Belgium) – Input VAT, immovable property, sale and lease back
Latest Posts in "Italy"
- VAT Implications for ‘Free’ Online Services: Legal Challenges and Potential Impact on SMEs
- Normal Value in VAT: Application in Non-Monetary Transactions and Special Cases
- Establishing Multiple VAT Groups in International Economic Groups: Italian Tax Authority Clarifications
- Contradictions in Non-Punishment Regime for Unpaid VAT and Withholding Taxes: An Analysis
- Guided Mine and Speleological Park Tours Exempt from VAT, Tibetan Bridge Crossing Taxable
