- 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"
- EGC VAT Case T-231/26 (Agenzia delle Entrate Direzione Provinciale Genoval) – Questions – VAT deductibility of general expenses for auctioneers under margin scheme
- EGC VAT Case T-232/26 (Appellant_1 Srl ) – Questions – VAT deductibility of general expenses for auctioneers under margin scheme
- Monthly Reporting for Unused POS Terminals for Payment Acceptance
- Personnel Secondment and VAT: When Cost Reimbursements Become Taxable
- Updated ViDA Implementation Plan for VAT in the Digital Age
