- Recent legislative developments have caused doubts and difficulties regarding the VAT exemption for amateur sports associations and companies.
- The VAT exemption for sports-related services provided by amateur sports associations is now mandatory as of August 17, 2023.
- However, this regulation has not been aligned with a previous law that stated the exemption would only apply from July 1, 2024.
- There have been various tax assessments by the revenue agency regarding the VAT applicability to sports companies, despite contrary practices and doctrines.
- The exemption applies to services directly related to sports practice, including educational and training services, provided by non-profit organizations, including amateur sports entities.
- The exemption applies to individuals engaged in sports or physical education.
- The regulation came into effect on August 17, 2023.
Source: commercialistatelematico.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
