- The optional VAT franchise regime for social promotion associations and volunteer organizations does not constitute a natural VAT regime
- The regime introduced by art. 5 paragraph 15-quinquies of DL 146/2021 applies from January 1, 2024
- Organizations adhering to this regime do not charge VAT for operations, do not deduct the tax on purchases, and are exempt from certain obligations under DPR 633/72
- There was doubt about the optional nature of the regime for organizations with revenues below 65,000 euros
- Financial administration provided initial indication that organizations could adopt or maintain other regimes, such as the ordinary or that provided by L. 398/91.
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.
