- Limits for VAT exclusion on TP adjustment
- If the price adjustment is billed together with the service provided, the entire fee is subject to VAT
- Emanuele Greco wrote the article on Thursday, December 19, 2024
- The article discusses the Italian Revenue Agency’s latest stance on the VAT relevance of price adjustments known as transfer pricing adjustments
- The case involves a group with a company legally based in the EU but VAT identified in Italy and a company established in the USA
- The Revenue Agency reasserts its principles that price adjustments do not automatically contribute to the VAT taxable amount
- The main goal of transfer pricing policies is essentially to allow…
Source: kra.go.ke
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.
