- Contributions from a public entity to a foundation for operational and institutional activities are not subject to VAT
- The Italian Revenue Agency clarified this in response to a query published on June 19, 2025
- The case involves a park authority funding a foundation for visitor centers and joint tourism promotion activities
- A contribution is considered non-repayable if the provider expects no economic benefit or return service from the recipient
- Contributions are made under Article 12 of Law 241/90, which pertains to economic benefits
- These contributions do not qualify as consideration
Source: eutekne.info
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.
