VAT treatment of the “Sale and sale back” – Court of Cassation

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



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