Tax Agency Clarifies Quarterly VAT Credit Transfer in Consolidated Tax

• Agency of Revenue clarified that not all VAT credits in the TR model can be freely transferred to third parties
• Only credits requested for refund can be transferred, while those requested for compensation cannot
• Article 12­sexies of the Growth Decree introduced the possibility for VAT taxpayers to transfer annual credits requested for refund
• This overcomes the previous prohibition on transferring these credits

Source: ipsoa.it

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.