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"
- Amazon EU Faces Possible Trial in Italy Over Alleged Tax Evasion by Non-EU Sellers
- Italian Revenue Agency Confirms VAT Deductibility for SPVs in Leveraged Buy-Out Transactions
- Extraordinary Transactions and VAT Return: Rules and Model Completion for 2026 Filing
- VAT Refund Allowed for Costs Classified as Tangible Fixed Assets Under Construction: Supreme Court Ruling
- Italy Confirms 10% VAT for All Waste Transport, Excludes Landfill and Incineration Disposal














