Our extensive experience in advising and planning on VAT and other indirect taxes accredits us as external advisor to companies, other entities and individuals in their day to day operations as well as in singular or extraordinary operations and situations.

As examples of the advice we provide, we highlight the following:

• Real estate transactions (see specific section), such as transfers and acquisitions of buildings for refurbishment, demolition, alteration, change of use, assignment to other activities, development of new buildings for sale or lease, etc., transfers and acquisitions of land and rights, financing transactions, etc.

• Mergers, acquisitions and corporate restructuring. Business integrations.

• Optimization of VAT recovery / minimization of non-recoverable input tax costs in partially exempt entities or dual ones (non-taxable and taxable activities), such as those developing a financial, insurance, educational or real estate activity, non-profit entities, agencies dependent on public administrations, etc. as well as holding entities.

• Domestic and cross-border supply chain, supply with installation / assembly and other PDS, such as EPCs and EPCMs.

• Application of the VAT group treatment (VAT grouping regime) in both the aggregation and the consolidation (advanced) schemes, defining the perimeter of the group and the inclusion or exclusion of certain entities, the analysis and definition of cost allocation criteria in intra-group transactions, the internal VAT recovery schemes, etc., as well as the preparation of the statutory reports and assistance in the annual closings for groups of companies with activities with partial or total input VAT recovery limitations or restrictions, such as financial, insurance, education and certain real estate companies.

• Contracts with the public sector i.e. B2G

• Design of rewards strategy and plans

• Operations with financial derivatives

• Organization of exhibitions, congresses and trade fairs

• Online sales, direct and through platforms

• Activity of fixed / permanent establishments of foreign companies

• VAT refunds.

In terms of sectors, our experience extends to real estate and infrastructure development and construction, industrial and consumer products, energy and utilities, pharma, telecoms, media and entertainment and the tourism sector, as well as in cultural and social entities (non-profit / third sector) and in organizations and companies dependent from public administrations.