- Companies ALFA and BETA are seeking clarification on transferring quarterly VAT credit to a tax consolidation group
- ALFA is part of a tax group with BETA and is structurally in VAT credit despite being an habitual exporter
- ALFA intends to transfer the VAT credit to the tax consolidation group as allowed by law
- The law now allows for the transfer of quarterly VAT credits, not just annual ones, starting from January 1, 2020
- This change in legislation equates annual and quarterly VAT credits for transfer to third parties
Source: agenziaentrate.gov.it
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"
- Briefing document: Italy Clarifies VAT Treatment for Transfer Pricing Adjustments: Direct Supply Links Required
- VAT Deduction Permitted for Importers Lacking Ownership of Goods
- Eligibility of Foreign Branch and Subsidiary to Form Separate VAT Group in Italy Confirmed
- Italian VAT Guide
- Italy Clarifies VAT Rules for Transfer Pricing Adjustments in Multinational Transactions
