The Italian Supreme Court has recently ruled that VAT wrongly charged on an exempt transaction cannot be deducted by the buyer.
This decision is in line with the conditions for deduction under Directive 2006/112/CE.
In the event that the purchaser still deducts this VAT, he could be fined an additional 90% of the amount of the wrongly deducted VAT.
Source: ASD Group
ASD Group works for you using the latest software technologies available and the advanced skills of our teams. Contact us for more information!
Since 1 January 2024, a new law in Georgia has required retailers to collect tax on intrastate sales of products specifically downloaded digitally. This includes…
The Portuguese State budget proposal for 2025 (OE 2025) was presented to Parliament in October and approved. The obligation to associate a qualified digital signature…
1455 Rue Drummond, Bureau 2B
Montréal QC H3G 1W3
Canada
