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Italian tax reform aims to revise VAT provisions related to exempt operations.

This revision should align with EU criteria and may include allowing taxpayers to choose the taxable status for certain operations. However, it’s important to note that EU principles require a narrow interpretation of exemptions, and any changes must adhere to these principles. The law particularly emphasizes the possible revision of rules concerning the real estate sector. While the law allows for potential changes, it must remain in line with EU regulations, which require a strict approach to exemptions.

Source: eutekne.info

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