During the year of completion of the merger, the acquiring company can continue to provisionally deduct the tax paid on purchases based on the pro-rata percentage of “definitive” deduction identified in the presentation of the model of the VAT return relating to the year preceding the extraordinary operation, except for adjustment at the time of submitting the VAT return.
Sources:
Latest Posts in "Italy"
- Upcoming Consolidated VAT Code to streamline regulations
- Italian Tax Agency Communication on VAT Declaration Discrepancies for 2023 Tax Period
- Local Entity Reimbursements for Employee Electoral Leave Not Subject to VAT
- Italian Tax Agency to Share VAT Anomaly Data with Taxpayers and Finance Police
- Italy moves toward digital tax receipts