Transfer of Quarterly VAT Credit to Tax Consolidation: Legal Framework and Operational Procedures

• Companies ALFA and BETA are seeking clarification on transferring quarterly VAT credit to a tax consolidation group
• ALFA is part of a tax group with BETA and is structurally in VAT credit despite being an habitual exporter
• ALFA intends to transfer the VAT credit to the tax consolidation group as allowed by law
• The law now allows for the transfer of quarterly VAT credits, not just annual ones, starting from January 1, 2020
• This change in legislation equates annual and quarterly VAT credits for transfer to third parties

Source: agenziaentrate.gov.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.

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