- Italian Revenue Agency issued Principle of Law No 3 2025 on March 19
- The principle clarifies VAT application for sums exchanged under a co interest contract
- Sums exchanged between operators within a co interest contract that represent money transfers are not within the VAT application scope
- These transactions are considered out of scope under Article 2 3 a of the VAT Decree
Source: news.bloombergtax.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.
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