Italian Revenue Agency released an opinion on the correct qualification for Italian VAT purposes of the supply of maintenance services on helicopters in case the consideration is charged through the mechanism of invoicing flight hours at the hourly rate (so called “PBH” contracts). (see opinion n. 4 of 23 February 2022). This type of contract is frequently used in the industry, but the VAT treatment is not always certain.
Source Bird & Bird
Latest Posts in "Italy"
- Italian Revenue Agency issues ruling on VAT treatment of intra-entity services between Italian and UK fixed establishments of foreign company
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Tax Authority Clarifies VAT on Rechargeable Fuel Cards: Implications for Businesses and Professionals
- Tax Benefits for Construction and Restoration Companies: 10% VAT Rate Explained
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
