- The recent decree extends VAT exclusion to amateur sports societies until 2025
- The decree is part of the DL “omnibus” and clarifies tax provisions for SSDs
- A transition period allows for past actions to benefit from VAT exclusion until 2024
- Additional benefits include a reduced VAT rate for winter sports courses and horse sales
- SSDs are organizations promoting sports without profit motives, while ASDs may have different structures
- VAT is a consumption tax added at each stage of production and distribution
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.
Latest Posts in "Italy"
- VAT Implications for ‘Free’ Online Services: Legal Challenges and Potential Impact on SMEs
- Normal Value in VAT: Application in Non-Monetary Transactions and Special Cases
- Establishing Multiple VAT Groups in International Economic Groups: Italian Tax Authority Clarifications
- Contradictions in Non-Punishment Regime for Unpaid VAT and Withholding Taxes: An Analysis
- Guided Mine and Speleological Park Tours Exempt from VAT, Tibetan Bridge Crossing Taxable
