- The official publication of Law 14 November 2024 No. 166 in the Official Gazette has brought into effect the provisions regarding the VAT application on loans and staff secondments as outlined in Article 16-ter of Legislative Decree 131/2024
- This new regime was introduced to rectify the initiation of an infringement procedure by the European Commission
- Loans and staff secondments no longer benefit from VAT exclusion as per the repealed Article 8 comma 35 of Law 67/88 and are now ordinarily subject to tax if carried out for a consideration
- The new rules apply to loans and staff secondments that are signed or renewed
Source: eutekne.info
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.
