The Italian tax authorities on 14 August 2020 issued guidance (ruling no. 267) that confirms the right of the recipient to recover value added tax (VAT) recharged by the supplier, following a self-disclosure by the supplier to correct the VAT treatment of the original transaction.
Source: KPMG
Latest Posts in "Italy"
- Commission Backs Italy’s VAT Derogation Through 2028
- Briefing Document & Podcast: Italy’s E‑Invoicing, E‑Reporting, and E‑Transport: Scope, Timeline & Key Details
- Standard VAT Rate Applies to Hearing Aid Repairs; Reduced Rate Only for Sales, Not Services
- Italian Tax Authorities Clarify VAT Duties of Fixed Establishments in EU Contract Negotiations
- No VAT Deduction for In-House Companies Donating Works Free to Sole Shareholder Municipality
