Newsalert | Tax 21/08/2024

With decision No. 22608 of 2024, the Italian Supreme Court upheld, for the first time, the deductibility of VAT on transaction costs borne by the SPV in the context of MLBO transactions. This decision represents an important opportunity to consider filing a request for the refund of input VAT paid by SPVs in the context of MLBO transactions. 

Chiomenti Professionals took an in-depth look at the Italian Supreme Court ruling, analysing its implications for the tax sector in the context of corporate acquisitions.