- The treatment of VAT in transactive agreements is a controversial topic.
- The VAT payable on the consideration received in a transactive agreement is determined by the consolidated orientation of the Revenue Agency.
- The novation effect of the transaction is irrelevant in determining the VAT liability.
- The Lombardy Regional Tax Office has confirmed this approach in response to a specific inquiry.
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
