Art. 4 paragraph 4, second sentence, of Presidential Decree 633/72 excludes from VAT the tax the sports training activity carried out by ASDs, if provided, against specific fees, towards members or other associations that perform the same activity and who are part of a single local or national organization, their respective associates and the “members of the respective national organizations”. The provision is in force until 31 December 2023. However, this activity is relevant for VAT purposes and, therefore, subject to the standard VAT rate when carried out with respect to subjects who do not have the status of associates nor are members of the respective national organizations.
Sources:
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
