The original company continues to exist but spins off a portion of its assets/liabilities to another entity.
The original company dissolves, and all its assets/liabilities are split between two or more recipient companies. Scissione
Instead of paying the VAT to the supplier, the buyer "splits" the payment: they pay the taxable amount to the supplier and pay the VAT amount directly to the Treasury. The original company continues to exist but spins
In the Italian tax system, (Split Payment) is a VAT mechanism used primarily in transactions with public administrations or listed companies. Scissione
The Italian term translates to "split," "division," or "severance." Depending on the context, it refers to significant structural changes in business, law, politics, or psychology. 1. Corporate and Legal: Demergers (Corporate Law)