Constitution of the Borgosesia VAT Group with effect from 1 January 2023

Borgosesia has joined the new optional tax regime of the VAT Group (article 70 of Presidential Decree no. 633 of 1972).

With this regime, a single and autonomous VAT taxable person is established (Borgosesia VAT Group) with a single VAT number for all participating companies (P.I. 12582130964) to replace their individual VAT numbers. The establishment of the Borgosesia VAT Group takes effect from 1 January 2023.

The list of all Borgosesia companies belonging to the VAT Group is attached here.

The membership of the Borgosesia companies in the Borgosesia VAT Group entails the non-application of the VAT Split Payment Regime from 1 January 2023. In addition to the Group VAT number, which is unique for all participating Borgosesia companies, the indication of the tax code on the invoice becomes mandatory as it is a distinctive element of the client Borgosesia company. All documentation and invoices issued from 1 January 2023 to its customers will contain the new Group VAT number and the tax code of the issuing company.