- Liquidation of group VAT allows for offsetting creditor and debtor situations within the same group
- More favorable effect than obtaining a refund
- Procedure can be activated from January 1st of each year
- Article written by Roberto Fanelli, a professor of business tax law at UniMarconi Roma
Source: ipsoa.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"
- Italian Tax Agency Clarifies VAT Adjustment Notes During Preventive Agreement Proceedings
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Italian Tax Authorities Clarify VAT Deduction on Imports by Non-Owners for Cross-Border Businesses
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
- Italy’s e-Invoicing System Offers Key Lessons
