- The method for determining the VAT taxable base for barter transactions and payments in kind has changed, moving from using the normal value to the total costs related to the exchanged goods or services.
- This cost-based method raised operational issues, such as difficulty in identifying relevant costs, potential imbalances in taxable amounts, and disclosure of profit margins.
- Assonime proposed using the contractual value agreed by the parties as the taxable base, which has been accepted in the new draft law approved by the Senate.
- The new rule sets the contractual value as the taxable base, but it cannot be lower than the total related costs, which remains the minimum threshold.
- This change aims to align with EU directives and address previous difficulties, though challenges in cost quantification may persist in some sectors.
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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