- Companies incurring business expenses in Italy for the 2026 Olympic and Paralympic Winter Games may recover Italian VAT under specific conditions.
- EU-based companies reclaim VAT electronically via their home country’s tax authority; only eligible business expenses qualify.
- Non-EU companies from reciprocity countries (e.g., UK, Switzerland) submit postal refund claims to the Italian Tax Office.
- Non-EU companies from non-reciprocity countries (e.g., US, China) must appoint a fiscal representative, register for VAT, and comply with Italian VAT procedures.
- Refunds over €30,000 require a bank guarantee unless certified by a registered accountant; future expansion of reciprocity agreements is possible but not guaranteed.
Source: fintua.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.
Latest Posts in "Italy"
- Exemption from Guarantee for VAT Credit Offsets in Group VAT Settlement: Italian Tax Authority Clarifies
- Exemption from Guarantee for VAT Credit Offsets in Group VAT Settlement: Italian Tax Authority Clarifies
- Amazon Investigated in Italy for Alleged Customs Fraud Involving Chinese Imports and Tax Evasion
- No VAT Deduction for Nonexistent Invoices, Even with Correct Reverse Charge Mechanism, Rules Court
- VAT Exemption for Educational Activities: Recognition by Conclusive Act and Regulatory Framework
