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Category: Italy

Italy assess Facebook for VAT on users’ data in return for ‘free’ portal access

Italy assess Facebook for VAT on users’ data in return for ‘free’ portal access

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Reports of Italy’s Guardia di Finanza assessing €870 million VAT on users’ data offered to Meta (Facebook owner) as consideration for ‘free’ access to Facebook portal. Italian authorities are reported to have raised a €870 million VAT assessment on Meta Platforms for 2015 to 2021

Italy exempt Cryptoassets mining and utility tokens for funding offers from VAT

Italy exempt Cryptoassets mining and utility tokens for funding offers from VAT

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Two rulings clarify VAT liabilities on Cryptoassets The Italian Agenzi Entrate has provided guidance on the VAT liabilities of Cryptoassets in two rulings VAT exemption for Cryptoassets Mining The tax authorities stated that mining or forging (creation) of cryptoassets is an exempt activity. This is

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