The sums not connected to any supply of goods or provision of services, which only fulfill a compensatory function , are excluded from VAT pursuant to art. 15 paragraph 1 no. 1 of Presidential Decree 633/72, in the absence of the objective prerequisite. This, in summary, is the principle contained in the response to question no. 588, published yesterday by the Revenue Agency.
Source Eutekne
See also
- C-277/05 (Société thermale d’Eugénie-Les-Bains) – Reservation for an accomodation was outside scope of VAT
- C-270/09 (MacDonald Resorts) – Sale of contractual rights that can be converted into rights of temporary use of holiday accommodation
Latest Posts in "Italy"
- 10% VAT Rate for Ophthalmic Products Classified Under NC Code 3004, Clarifies Italian Tax Agency
- EU Court: VAT Triangular Transactions Apply Even if Goods Delivered to Final Customer, Not Intermediary
- VAT Deduction Allowed for Garage of Professional Office Classified as Residential Property, Supreme Court Rules
- Is VAT Payable on Intermediation Services for the Sale of VAT Credits?
- Applicable VAT Rate for Ophthalmic Medical Devices: Classification of Eye Drops and Sprays
