- Italian Supreme Court ruling allows recovery of VAT on expenses by SPVs in MLBO
- Ruling recognizes right to deduct VAT on SPV purchases for MLBO operations
- MLBO involves acquiring control of a target company through debt and merging with SPV
- SPV considered VAT taxpayer, eligible to claim VAT on preparatory expenses
- SPV can file for “anomalous” VAT refund for services from non-established suppliers
- Possibility of claiming refunds for both internal and external purchases supported by ruling
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.
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