Despite the obligation to communicate initial and final stocks, a corresponding compensation mechanism has not been set up in favor of commercial depots and distribution plants, aimed at mitigating the write-down of stocks, in economic and financial terms, produced from measures to reduce VAT and excise duties.
Source: IPSOA
Latest Posts in "Italy"
- 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
- VAT Exemption Conditions for High Seas Navigation: Italian Tax Agency’s Recent Clarification