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Commentary

Tour operators margin scheme (Italy)

24 Italy

Services provided by travel agencies and tour operators generally consist of multiple services; in particular, they involve the supply of transportation and lodging carried out either domestically or outside the country in which the company has its place of business.

In order to adjust VAT rules to the specifics of this activity, the EU legislature instituted a special scheme based on the subtractive 'basis from basis' method for sales of all-inclusive tours, which is applicable to all economic operators that organise tours of this type, regardless of their usual activity.

The special VAT scheme for tour operators consists of the adoption

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