The tax authorities stated that mining or forging (creation) of cryptoassets is an exempt activity. This is based on not being able to distinction between the service provider and the miner customer. This disqualifies the miner from the right to deduct VAT.
Source: vatcalc.com
Latest Posts in "Italy"
- VAT Refund Cannot Be Denied Due to Technical Issues Making Application Unreadable, Court Rules
- VAT Exemption for Police Training Courses: Rules and Exceptions Explained by Tax Authority
- VAT Deduction Allowed Even If Intra-EU Invoice Arrives Late, Court Rules
- Italy Allows SPVs to Recover Input VAT on Merger Leveraged Buyout Transaction Costs
- Italy: Supreme Court Confirms VAT Refund from Treasury for Long-Term Insolvent Customer Debts
