- The Italian Revenue Agency issued Letter No. 121/2025 on April 29
- The letter clarifies group VAT settlements in corporate restructuring
- The taxpayer is a parent company of a group with 11 companies
- The parent company controls 80 percent of a subsidiary and a new company
- The new company was created from the subsidiary’s proportional demerger
- The subsidiary continued in group VAT liquidation while the new company handled VAT independently for December 2024
- The taxpayer wanted to include the new company in group VAT liquidation from 2025
- The Tax Agency confirmed the new company can join group VAT liquidation from 2025
- No need to meet the temporal control requirement due to unchanged group structure
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.
Latest Posts in "Italy"
- EU Authorization for Italy Extended Until December 2028; Further Extension Requests Due by March 2028
- VAT Advance Payment 2025: Deadlines, Calculation Methods, and Exemptions Explained
- VAT Exemption for International Transport Extended to Intermediaries Under New Legislative Decree 186/2025
- VAT audit focus on year-end transfer pricing adjustments
- Fixed Registration Tax Applies to Partial Nullity of Bank Contracts, Not VAT-Registration Alternativity Principle
