The foundation that has exclusively carried out commercial activities has the right to deduct VAT , even if according to the statute it pursues publicity objectives and purposes. For the purposes of the assessment, the substantial aspects of the transactions prevail over the formal elements. This was established by the Cassation with sentence n. 37731 of 23 December 2022, with which it accepted the appeal of a foundation against the VAT assessment notice.
Source: eutekne.info
