In response to question no. 309 of May 27, 2022, the Revenue Agency believes that the legitimate termination of the activity and closure of the VAT number pending the insolvency procedure, can be traced back to those “residual and exceptional” hypotheses for which there are “objective conditions”, not attributable to a “guilty” inaction of the taxpayer, “which do not allow the remedy of a general nature to be carried out (ie the issuance of a note of decreasing variation)”.
Source: IPSOA
Latest Posts in "Italy"
- Italian Supreme Court Rules Non-Deductibility of VAT on Non-Existent Transactions for Business Income
- Exclusion of Capital Goods in Pro-Rata VAT Calculation: Recent Interpretations and Implications
- VAT Deduction Rights During Company Liquidation: Recent Clarifications and Legal Interpretations
- Legislative Decree Reforming VAT Deductions for Third Sector, Business Crisis, and Sports
- Italian Supreme Court Clarifies VAT Reverse Charge Penalty Notification Deadlines in 2025 Ruling
