{"id":8570,"date":"2024-08-26T09:41:20","date_gmt":"2024-08-26T07:41:20","guid":{"rendered":"https:\/\/www.fogliandpartners.com\/italian-supreme-court-the-vat-on-transaction-costs-incurred-by-the-spv-in-a-mbo-transaction-is-deductible\/"},"modified":"2024-08-26T09:59:02","modified_gmt":"2024-08-26T07:59:02","slug":"italian-supreme-court-the-vat-on-transaction-costs-incurred-by-the-spv-in-a-mbo-transaction-is-deductible","status":"publish","type":"post","link":"https:\/\/www.fogliandpartners.com\/en\/italian-supreme-court-the-vat-on-transaction-costs-incurred-by-the-spv-in-a-mbo-transaction-is-deductible\/","title":{"rendered":"Italian Supreme Court: the VAT on <i>transaction costs<\/i> incurred by the SPV in a MBO transaction is deductible"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8570\" class=\"elementor elementor-8570 elementor-8565\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed0f029 e-flex e-con-boxed e-con e-parent\" data-id=\"ed0f029\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b8b4c26 elementor-widget elementor-widget-text-editor\" data-id=\"b8b4c26\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Following the Tax Courts, also the Supreme Court confirmed the deductibility of input VAT paid on the so-called &#8220;transaction costs&#8221; incurred by a special purpose vehicle in a leveraged buy-out merger transaction. In detail, in the judgement no. 22608\/2024, the Judges held that input VAT paid on such costs is deductible according to the principle of neutrality. <br \/>This is the first decision of the Supreme Court, in fact, some Tax Courts case law had already reached this conclusion (CTP Milan, no. 3361\/2022 and CGT II Lombardia no. 3755\/2023), stating that it was legitimate to deduct VAT on &#8220;transaction costs&#8221; incurred by a special purpose vehicle, in a MLBO transaction concluded with the merger of the target &#8211; active &#8211; company into the SPV and with the continuation of business by the resulting entity. <br \/>This is an important case law, that should be considered both for the future, and also for evaluating the chance to recover non-deducted input VAT in similar transactions.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>19 August 2024<\/p>\n","protected":false},"author":3,"featured_media":6942,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-8570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_foglia-en"],"_links":{"self":[{"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/posts\/8570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/comments?post=8570"}],"version-history":[{"count":0,"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/posts\/8570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/media\/6942"}],"wp:attachment":[{"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/media?parent=8570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/categories?post=8570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fogliandpartners.com\/en\/wp-json\/wp\/v2\/tags?post=8570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}