For the purposes of the application of the VAT suspension n1echanism on transactions that occur during the custody of fuels for automotive engines in a tax warehouse, the original nature of the goods introduced into the warehouse is relevant.
The Revenue Agency reached this conclusion with its response to ruling no. 627
published yesterday
Source
Latest Posts in "Italy"
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Italian Tax Authorities Clarify VAT Deduction on Imports by Non-Owners for Cross-Border Businesses
- Italian Tax Agency Clarifies VAT Adjustment Notes During Preventive Agreement Proceedings
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
- Italy’s e-Invoicing System Offers Key Lessons