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Taxation
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The services supplied by GME S.p.A. shall mean general services and the chargeability
of VAT on the related fees shall depend on the place where the customer (P-GAS Participant)
has established his/her business as per article 44 of Directive 2006/112/EC, as
subsequently amended and supplemented.
Therefore, GME shall issue an invoice with VAT at the standard rate of 21%, if the
customer has established his/her business in Italy.
GME shall issue invoices without VAT to EU customers, if they are taxable persons
in their own countries. In this case, the reverse charge shall be applied by the
customers.
GME shall issue invoices without VAT to non-EU customers, if they are taxable persons
in their own countries.
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GME’s VAT codes
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- V1: sale to domestic customers - subject to 21% VAT
- V3: supply to the so-called “esportatori abituali” (Italian exporters on a permanent basis)
as per Article 8, para. 1 c, Decree of the President of the Republic (DPR) 633/72
- V8: supply not subject to VAT as per art. 7ter, DPR 633/72 – art. 44, Directive 2006/112/EC
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