The final approval of the bill “Public Entities” in the Senate officially postpones the new VAT regulations for associative entities to July 1, 2024. Until then, the provisions of article 4 of DPR 633/72 will remain valid, exempting certain associative entities from business taxation. Afterward, these operations will fall under the scope of VAT, with the possibility of general exemption. The amendment is outlined in article 5, paragraph 15-quater of DL 146/2021 (known as the “Tax-Labor Decree”), with its effective date yet to be determined.
Source: eutekne.info
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