- The concept of “società di comodo” does not permanently lose the right to deduct VAT
- The preclusion in Italian legislation is incompatible with Directive 2006/112/EC
- Articles 9 and 167 of Directive 2006/112/EC do not allow denying the status of a taxable person or the right to deduct VAT based on national thresholds
- The Court of Justice of the EU ruled on this in a recent case referred by the Italian Court of Cassation
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"
- Cultural Services Exempt from Taxation: Guided Tours Qualify, Bridge Crossing Does Not
- Delays in Contracts: Payments to Contractors Subject to VAT, Not Compensation
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
- VAT Implications for ‘Free’ Online Services: Legal Challenges and Potential Impact on SMEs
- Normal Value in VAT: Application in Non-Monetary Transactions and Special Cases
