- The 2026 Budget Law changes the criteria for determining the VAT taxable base in barter transactions, especially in real estate.
- From 2026, the VAT taxable base for barters will be based on the cost incurred, not the normal (market) value.
- This legislative change aligns Italian law with EU Directive 2006/112/EC on VAT.
- Previous practices before the change remain unaffected.
- The new rule applies to exchanges of goods and services, replacing the previous reference to market value with the cost criterion.
Source: commercialistatelematico.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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