- The document is an official response from Italian tax authorities regarding a query about the special VAT regime for travel agencies and the use of “credit of cost” within a VAT group.
- Travel agencies in Italy may be subject to a special VAT regime under Articles 74-ter and 70-sexies of Presidential Decree No. 633 of 1972.
- The document discusses the utilization of the “credit of cost” accrued by a company (ALFA Group S.p.A.) before its inclusion in the VAT Group “Gruppo IVA ALFA”.
- The VAT Group “Gruppo IVA ALFA” was formed starting from January 1st of a specified year.
- BETA S.p.A., controlled by ALFA, acquired a 75% stake in GAMMA S.r.l., which specializes in flexible benefits.
- GAMMA operates as an aggregator in the flexible benefits market, acquiring and combining products/services from various suppliers.
- As of January 1st, 2024, GAMMA became part of the VAT Group ALFA, and the Group communicated the opening of a separate travel agency activity.
Source: agenziaentrate.gov.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.
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