- Italian Revenue Agency issued Answer No. 261/2024 on Dec. 17, 2024
- Clarified rules on reduced VAT rate for goods and services in construction projects
- Taxpayer managed a mining site with cultural significance
- Hired construction company to renovate site for tourism
- Tax Agency found reduced VAT rate applies to specific construction projects
- Taxpayer’s project did not qualify for reduced VAT rate
Source: news.bloombergtax.com
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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