The qualification of the sums as “contributions” excluded from the scope of VAT application is not affected by the presence, in the context of the deeds/measures that govern their disbursement, of clauses that provide for the revocation of funding in the event of violations or negligence on the part of the implementing entity or in the event of failure to timely achieve the objectives of the loan and the repayment of the loan in the event of inaction or failure to use the allocated resources.
Source: ipsoa.it
Latest Posts in "Italy"
- VAT Liability of Assignee Persists Even if Assignor Ceases to Exist, EU Court Rules
- New Rules for VAT Deduction Adjustments and Non-Profit Entities under Legislative Decree 186/2025
- Auditor’s Checks on VAT Offsetting and Refunds: Compliance, Procedures, and Regulatory Requirements
- Legislative Decree 186/2025: Changes to VAT Deduction Rules and Abolition of Tax Regime Amendments
- Italy Clarifies VAT Applies to Sales of ‘White Zone’ Land Regardless of Urban Planning Status
