Transactions relating to the Treasury current account and the multi-user online bank current account dedicated to the treasury, collections and payments service as well as the issuance and management of credit cards given by a credit institution to a subject obliged to the SIOPE+ reporting regime , as financial transactions, fall under the VAT exemption regime.
Sources:
Latest Posts in "Italy"
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
- Italy’s e-Invoicing System Offers Key Lessons
- Impact of Invoicing Without Payment: Understanding the Principle of VAT Formality
- Deadline Extended for Issuing Credit Notes in Insolvency Proceedings, Clarifies Italian Tax Agency
- Cultural Services Exempt from Taxation: Guided Tours Qualify, Bridge Crossing Does Not