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Credit note during a judicial annulment

The taxable amount can be reduced in the case of cancellation, refusal or total or partial non-payment after the supply takes place under conditions which are determined by the Member States.

When a VAT taxable person starts the procedures for the judicial annulment of a contract, it can issue the credit note before the end of the judicial proceeding.

Source: Italian Tax Administration – Guidance No. 11 of the 6 August 2021 (in Italian)

Fausto Capello
Gianni & Origoni



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