The fiscal reform promises significant impacts on the VAT Group, particularly in simplifying the “all in-all out” principle. The delega law aims to streamline the regulations concerning the formation and application of VAT groups, as outlined in Article 7, paragraph 1, letter f of Law 111/2022. The VAT Group regime, governed by Title V-bis of DPR 633/72, complements the group VAT liquidation regime under Article 73 of DPR 622/72, introduced in Italy in 2017. This institute is based on Article 11 of Directive 2006/112/EC and is present in most EU member states. It allows treating certain legally independent entities as a single taxable entity for VAT purposes.
Source: eutekne.info
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