- Italian Chamber of Deputies approved an amendment to change VAT treatment of loans of staff and secondment arrangements
- If approved by both houses of parliament, arrangements effective or renewed after 1 January 2025 would be subject to VAT
- Proposed amendment aims to align with EU rules and repeal exclusion from VAT for loans of staff and secondments
- Loans of staff and secondments would be considered taxable supplies subject to VAT, regardless of consideration amount
- Amendment currently under review by Italian Senate and would apply to arrangements effective or renewed after 1 January 2025
- Taxpayers should consider potential effects of the amendment on existing secondments or similar arrangements
Source: taxathand.com
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.
