- The sale of a client portfolio by an accountant is subject to VAT and a fixed registration tax.
- The proceeds are considered self-employment income and taxed in the year received.
- The transaction is excluded from ISA due to the non-normal conduct of the activity.
- The transfer of only a client portfolio does not qualify as a transfer of a business unit and is therefore taxable for VAT purposes.
- The Italian Revenue Agency clarified these points in response to a specific inquiry.
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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