The Italian legislator has finally removed the VAT legislation gap between Italy and the most part of the EU countries. The new Italian VAT regime arise from a specific option rendered by the EU legislation since 1979.
Small and medium-sized enterprises (SMEs) are the backbone of Europe's economy. They represent the major of all businesses in the EU, and in the past years, they have considerably increased the percentage of employees in the whole territory.
In the context of family businesses, it is common to hear about the possible advantages or benefits of the creation of holding companies, companies whose main purpose is to hold shares in another companies.