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Ruling #424: Recovery of VAT in the context of a transaction governed by the split payment mechanism

Ruling on the procedure to be followed for the refund of erroneously charged value added tax (VAT) on supplies subject to the split payment mechanism. When VAT is erroneously charged at a higher rate, the supplier is the only subject entitled to rectify the error through the issuance of a credit note within one year from the time of supply.

Source Agenzia Entrate

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