- The Italian Revenue Agency provided further clarifications on the VAT treatment for Litigation Finance or Third Party Litigation Funding activities in their response number 256 published on December 13, 2024
- The case involves an Italian alternative investment fund specifically a self-managed fixed capital company investing in litigation claims arising from compensation requests and legal actions
- The company has chosen a foreign firm to manage compensation claims for various companies affected by certain suppliers
- The Italian company must apply interpretative principles regarding the VAT exemption as per article 10, paragraph 1, number 1 of DPR 633/72
- It is noted that operations carried out by a SICAV in Litigation Finance or Third Party Litigation Funding are financial in nature and eligible for the mentioned VAT exemption regime
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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