{"id":5087,"date":"2026-02-20T17:34:59","date_gmt":"2026-02-20T16:34:59","guid":{"rendered":"https:\/\/www.lawp.it\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\/"},"modified":"2026-02-20T17:51:43","modified_gmt":"2026-02-20T16:51:43","slug":"merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs","status":"publish","type":"post","link":"https:\/\/www.lawp.it\/en\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\/","title":{"rendered":"Merger leveraged buy-out transactions: Italian Revenue Agency allows VAT recovery on SPV transaction costs"},"content":{"rendered":"<h3>With <strong>Resolution No. 7\/2026<\/strong>, the <strong>Italian Revenue Agency<\/strong> clarified the <strong>VAT treatment<\/strong> of transaction costs incurred in <strong>Italian merger leveraged buy-out<\/strong> <strong>(MLBO)<\/strong> transactions. The document departs from the authority\u2019s previous restrictive interpretation, confirming that a <strong>special purpose vehicle<\/strong> (SPV) &#8211; established to acquire a target company and subsequently merge into it &#8211; may, under certain conditions,<strong> recover VAT<\/strong> on legal, tax, financial and due diligence costs.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>With Resolution No. 7\/2026, the Italian Revenue Agency clarified the VAT treatment of transaction costs incurred in Italian merger leveraged buy-out (MLBO) transactions. The document departs from the authority\u2019s previous restrictive interpretation, confirming that a special purpose vehicle (SPV) &#8211; established to acquire a target company and subsequently merge into it &#8211; may, under certain [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135],"tags":[204,206,205],"class_list":["post-5087","post","type-post","status-publish","format-standard","hentry","category-updates-en","tag-contenzioso-tributario","tag-diritto-tributario","tag-ma-e-joint-ventures"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merger leveraged buy-out transactions: Italian Revenue Agency allows VAT recovery on SPV transaction costs | Studio legale e tributario LAWP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lawp.it\/en\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merger leveraged buy-out transactions: Italian Revenue Agency allows VAT recovery on SPV transaction costs | Studio legale e tributario LAWP\" \/>\n<meta property=\"og:description\" content=\"With Resolution No. 7\/2026, the Italian Revenue Agency clarified the VAT treatment of transaction costs incurred in Italian merger leveraged buy-out (MLBO) transactions. The document departs from the authority\u2019s previous restrictive interpretation, confirming that a special purpose vehicle (SPV) &#8211; established to acquire a target company and subsequently merge into it &#8211; may, under certain [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lawp.it\/en\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\/\" \/>\n<meta property=\"og:site_name\" content=\"LAWP - Studio Legale e Tributario\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-20T16:34:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-20T16:51:43+00:00\" \/>\n<meta name=\"author\" content=\"Dario Augello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dario Augello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/\"},\"author\":{\"name\":\"Dario Augello\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#\\\/schema\\\/person\\\/4eb6012806576606708c4d95867ba497\"},\"headline\":\"Merger leveraged buy-out transactions: Italian Revenue Agency allows VAT recovery on SPV transaction costs\",\"datePublished\":\"2026-02-20T16:34:59+00:00\",\"dateModified\":\"2026-02-20T16:51:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#organization\"},\"keywords\":[\"Contenzioso tributario\",\"Diritto tributario\",\"M&amp;A e joint ventures\"],\"articleSection\":[\"UPDATES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/\",\"url\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/\",\"name\":\"Merger leveraged buy-out transactions: Italian Revenue Agency allows VAT recovery on SPV transaction costs | Studio legale e tributario LAWP\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#website\"},\"datePublished\":\"2026-02-20T16:34:59+00:00\",\"dateModified\":\"2026-02-20T16:51:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/merger-leveraged-buy-out-transactions-italian-revenue-agency-allows-vat-recovery-on-spv-transaction-costs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Merger leveraged buy-out transactions: Italian Revenue Agency allows VAT recovery on SPV transaction costs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#website\",\"url\":\"https:\\\/\\\/www.lawp.it\\\/\",\"name\":\"LAWP - 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