Allows you to manage tax receivables through non-recourse and recourse factoring services.
The assignment of VAT receivables from quarterly and/or annual returns is formalised through a notarial deed and notified to the Revenue Office concerned.
In order to collect the receivable from the Revenue Office before the assessment period (usually five years), it is often necessary to have a bank and/or insurance guarantee for the company in favour of the Revenue Office concerned.
The guarantee must be issued at the direction and expense of the assignor company.
Objective
Enabling solvent companies and companies in bankruptcy proceedings or in voluntary liquidation to assign tax receivables through non-recourse and recourse factoring services.
Type of Receivables
Operators that have accrued a VAT receivable during the quarter or year (e.g. due to split payments, investments, rate differences, etc.). Companies that have requested the refund of IRES (Corporate Income Tax) receivables.
Price
Non-recourse factoring: discount calculated on market rates, based on estimated collection times, plus a servicing fee.
Recourse factoring: application of market rates, with a spread on the Euribor for the period, plus a servicing fee.
Documents for preliminary analysis
- VAT return with receipt of submission
Documents for the approval
- Certificate of Good Standing, Deed of Incorporation and Articles of Association
- Last two financial statements
- List of bank credit lines
- Documentation certifying tax compliance