Guarantee on VAT refunds through «direct assumption» in groups

Excluding the simplified procedure for the VAT Group representative

In recent years, the Revenue Agency has published a series of clarifications regarding the conditions under which the parent company of a corporate group can provide guarantee for the VAT credit requested for reimbursement by the subsidiaries, through the procedure of direct assumption of the ‘obligation to repay the sums. Particular attention was paid to the application of the institute by companies adhering to the group VAT regime and, recently, also to the possibility of using it within a VAT group.

Source: eutekne.info

---

---