The water and wastewater sector has numerous peculiarities with regard to the application of Value Added Tax. In particular in relation to the applicable rate on both debit and credit transactions, to the periodic settlement of the tax, to the accounting simplification in accordance with art.73 of Decree 26 October 1972, n. 633 and to the interactions with the joint owners of assets that were previously under local council management. The practice of the Italian Revenue Agency together with the intervention of the Ministry of Finance have been and still are necessary to give guidance to the providers of the service in a sector which is essential to the economy of the country and which is under constant regulatory change with inevitable accounting and fiscal consequences.
Keywords: Water and wastewater sector, Value Added Tax.
Jel Code: L9H2.