- The Italian Revenue Agency issued Answer No. 87/2025 on April 3.
- It clarified the VAT treatment for transactions involving sports properties.
- A non-EU company rented a racetrack from an Italian company for sporting events.
- The rental included services like hospitality, catering, and organizational support.
- The racetrack owner applied the standard VAT rate.
- The taxpayer questioned if the service was a mere rental or a complex service linked to sporting practice.
- The Tax Agency clarified that a VAT exemption could not be applied.
- The racetrack owner was a profit-making enterprise, not a nonprofit.
- The service was related to real estate property in Italy.
- It was subject to a 22 percent VAT rate.
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.
