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Tag: Italy

EU reviews Italy’s Facebook VAT assessment for ‘free’ platform

EU reviews Italy’s Facebook VAT assessment for ‘free’ platform

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EU’s Commission evaluates Italy’s €870m VAT assessment on Meta/Facebook for ‘free’ platform in exchange for users’ personal data The European Commission’s VAT Committee is evaluating the VAT liabilities of Meta (Facebook) raised by the Italian authorities on the free provision of the Facebook social media

Italy major VAT reforms

Italy major VAT reforms

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Parliament approves tax reforms, including major VAT changes Italy’s Parliament last week approved wholesale reform of Italian tax including a number of changes to the Italian VAT system. The reforms are aimed at modernising the tax regime, making compliance easier and attracting foreign investment. The

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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