- Italian Revenue Agency issued Answer No. 131/2024 clarifying VAT treatment of services provided by public bodies
- Taxpayer provided state aid in form of direct contributions and subsidized services to beneficiaries
- Tax Agency clarified that VAT must be applied when public contributions only cover part of services
- VAT does not apply to services fully covered by the contribution
Source: news.bloombergtax.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.
