VAT

Criteria for determining the VATable base of assignments of assets

Simonetta La Grutta Simonetta La Grutta

Circular letter n. 37/2016 by the Italian Revenue Office provides clarifications on the favourable VAT regime applicable to the assignment of assets to shareholders and to the conversion of a company into a partnership.
In particular, the document focuses on the determination of the VATable base for the operations at hand and provides additional advice to those provided in circular letter no. 26 dated 1 June 2016.

Thanks to Eutekne for the kind concession of the article