Common use of Invoices and VAT Clause in Contracts

Invoices and VAT. The Institute is a teaching and research centre which uses a decentralised administrative structure and which manages, in addition to the different internal projects, several activities which are externally financed by both public and private sponsors. The contractor undertakes to follow the analytical invoicing procedures requested by the Institute, issuing on demand specific invoices for each cost centre/activity identified. Invoices shall show the identification details of the contractor, the amount, currency and date, as well as the reference to the FWC, purchase order or specific contract. The EUI is as a rule, exempt from payment of Value Added Tax (VAT) on goods imported and services provided for the Institute’s official activities for amounts exceeding Euro 300.00 (three hundred/00), pursuant to art. 151, para 1 (b) and para 2 of Council Directive 2006/112/EC, as last amended by Council Directive 2009/162/UE. Where VAT is due in Italy, the above exemption applies to goods imported and services provided for the Institute’s official activities for amounts exceeding Euro 300.00 (three hundred/00), provided the invoice includes the statement: “Esenzione IVA - Articolo 72-comma 1 lettera e) e comma 2 del D.P.R. n. 633 del 26/10/1972 e successive modifiche". The EUI is exempt from customs duties and direct taxes within the terms of Articles 4 and 5 of the "Protocol on the Privileges and Immunities of the European University Institute". The Contractor shall accordingly complete the necessary formalities with the relevant authorities to ensure that supplies and services required for the performance of the FWC are exempt from taxes and duties, including VAT exemption.

Invoices and VAT. The Institute EUI is a teaching and research centre which uses a decentralised administrative structure and which manages, in addition to the different internal projects, several activities which are externally financed by both public and private sponsors. The contractor Contractor undertakes to follow the analytical invoicing procedures requested by the InstituteEUI, issuing on demand specific invoices for each cost centre/activity identified. Invoices shall show the identification details of the contractor, the amount, currency and date, as well as the reference to the FWC, purchase order or specific contract. The EUI is as a rule, exempt from payment of Value Added Tax (VAT) on goods imported and services provided for the InstituteEUI’s official activities for amounts exceeding Euro 300.00 (three hundred/00), pursuant to art. 151, para 1 (b) and para 2 of Council Directive 2006/112/EC, as last amended by Council Directive 2009/162/UE. Where VAT is due in Italy, the above exemption applies to goods imported and services provided for the InstituteEUI’s official activities for amounts exceeding Euro 300.00 (three hundred/00), provided that the invoice includes the statement: “Esenzione IVA - Articolo 72-72- comma 1 lettera e) e comma 2 del D.P.R. n. 633 del 26/10/1972 e successive modifiche". The EUI is exempt from customs duties and direct taxes within the terms of Articles 4 and 5 of the "Protocol on the Privileges and Immunities of the European University Institute"" (Xxxxx 181 del 21 Novembre 2014). The Contractor shall accordingly complete the necessary formalities with the relevant authorities to ensure that supplies and services required for the performance of the FWC are exempt exempts from taxes and duties, including VAT exemption.