The Supreme Court held on August 9, 2024 (judgment no. 22608) that a company is entitled to recover value added tax (VAT) incurred by a special purpose vehicle (SPV) on consultancy services received in connection with a merger following acquisition of a target company, so long as the company surviving the merger is a taxable person with the right to recover input VAT.
Source KPMG
Latest Posts in "Italy"
- 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
- Establishing Multiple VAT Groups in International Economic Groups: Italian Tax Authority Clarifications
- Contradictions in Non-Punishment Regime for Unpaid VAT and Withholding Taxes: An Analysis
- Guided Mine and Speleological Park Tours Exempt from VAT, Tibetan Bridge Crossing Taxable
