The applicant company performs a series of services essentially attributable to the selection and consequent approval of one or more investment opportunities on behalf of the investors, for which it receives a consideration calculated as a percentage of the purchase price of the NPL object of investment.
The Revenue Agency limits itself to reporting basic assessments in relation to the classification of the case represented, for the purpose of the VAT exemption and refers to case C-2/95 which explains that such transactions are exempt if they form “ancillary” services if they process the specific and essential functions of a payment (or, in any case, of a financial transaction), resulting in changes financial relationships.
Sources:
Latest Posts in "Italy"
- Italy: Mortgage Tax on Assignment of Properties to Public Entity During Fund Liquidation
- Italy: VAT Reverse Charge for Biomethane Reseller Ruling
- Italy: Reverse Charge Applies to Biometane Resale Purchases
- Italy Clarifies VAT Refunds for Demolition and Remediation Works
- Italy Approves Legislative Decree Implementing Initial ViDA Measures
