In the absence of sale to third parties or return of the goods within the term of one year from delivery, in the event of an estimation contract of longer duration, the tax law requires the taxation to be brought forward for VAT purposes only, although the transfer effect of ownership, according to civil provisions, has not yet taken place.
Source: ipsoa.it
Latest Posts in "Italy"
- Commission Backs Italy’s VAT Derogation on certain vehicles Through 2028
- Briefing Document & Podcast: Italy’s E‑Invoicing, E‑Reporting, and E‑Transport: Scope, Timeline & Key Details
- Standard VAT Rate Applies to Hearing Aid Repairs; Reduced Rate Only for Sales, Not Services
- Italian Tax Authorities Clarify VAT Duties of Fixed Establishments in EU Contract Negotiations
- No VAT Deduction for In-House Companies Donating Works Free to Sole Shareholder Municipality
