- The assumption of a pre-existing debt (“accollo del debito pregresso”) counts toward the VAT taxable base.
- The Italian Supreme Court reaffirmed this principle in recent orders.
- The ruling also applies to public service concessionaires who take over local authorities’ debts.
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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