A business makes moulds and equipment available to its supplier free of charge to manufacture the components it needs. Whether VAT applies depends on the purpose of the arrangement and

Are an intercompany services agreement and duly recorded invoices sufficient to support a tax deduction? The recipient must be able to demonstrate which services were actually provided and how the

The new Operational Guidelines issued by Italy’s National Council of Chartered Accountants and Accounting Experts (CNDCEC) provide further guidance on the certification of the Tax Control Framework (TCF), the system

Tax proceedings must also comply with the reasonable-time requirement where they concern penalties that are criminal in substance because they are intended to deter and punish tax infringements. In its

In intra-Community triangular transactions, failure to include the wording “reverse charge” on the invoice precludes the application of the simplification scheme. Adding that wording years later does not allow the

The absence of a compliance certificate (“visto di conformità”), or an irregularity in its issuance, does not automatically justify recovery of the tax credit used by way of set-off or

The IMU exemption may also apply where a non-commercial entity grants a property free of charge to another non-profit entity for the purpose of carrying out qualifying activities on a

A mortgage lien may be registered over assets contributed to a family asset fund (fondo patrimoniale) even where the underlying tax liability arises from the business or professional activities of

Income attributed to an Italian-resident beneficiary of a transparent foreign trust must be determined in accordance with the tax rules of the jurisdiction in which the trust is resident or

In chain transactions, the mere physical removal of goods from the Member State of departure is not, in itself, sufficient to ensure that the first supply qualifies for VAT exemption.

The transfer of a business, free of charge and in equal shares to two beneficiaries, does not necessarily qualify as a transfer of a totality of assets falling outside the scope of

A share capital increase paid up by setting off receivables owed to shareholders is subject to registration tax at a rate of 0.5%, rather than merely to the fixed registration