As part of the group VAT settlement procedure, the credit surpluses of the parent company and of the subsidiaries, used to offset the reciprocal VAT debts, do not require a guarantee, where the approval of conformity is affixed to the annual return from which the credit surplus, and the substitutive declaration of a notary deed certifying the possession of the requisites is attached. This was clarified by the Revenue Agency with reply no. 191 of 14 April 2022.
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