The Supreme Court rejected the deduction of the input VAT by the parent company. The Court of Cassation deemed the VAT exemption regime applicable to shares transferred by a company to its subsidiaries so that they can be attributed to employees. It can be seen that the services rendered by the parent company are attributable to a mandate relationship for the sale of shares (under the VAT exemption regime) rather than to a generic supply of services (under a taxable regime).
Source: eutekne.info
Latest Posts in "Italy"
- Reduced 10% VAT Rate Applies to Parking and Umbrella Rental at Amusement Parks
- New Reverse Charge Identification Code for Logistics Sector Introduced by 2025 Budget Law
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
