- Agency of Revenue clarified that not all VAT credits in the TR model can be freely transferred to third parties
- Only credits requested for refund can be transferred, while those requested for compensation cannot
- Article 12sexies of the Growth Decree introduced the possibility for VAT taxpayers to transfer annual credits requested for refund
- This overcomes the previous prohibition on transferring these credits
Source: ipsoa.it
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"
- Briefing document: Italy Clarifies VAT Treatment for Transfer Pricing Adjustments: Direct Supply Links Required
- VAT Deduction Permitted for Importers Lacking Ownership of Goods
- Eligibility of Foreign Branch and Subsidiary to Form Separate VAT Group in Italy Confirmed
- Italian VAT Guide
- Italy Clarifies VAT Rules for Transfer Pricing Adjustments in Multinational Transactions
