With the reply to ruling no. 490 of yesterday, October 5, 2022, the Inland Revenue has expressed its opinion on the VAT rate applicable with reference to the realization of a project for the reclamation of the groundwater of an abandoned industrial site.
All the activities necessary and functional to the reclamation, provided that they are included in a reclamation project duly approved by the competent authorities, can qualify as works, constructions and plants intended for reclamation and, therefore, benefit from the reduced VAT rate of 10%. The subjection to a reduced rate of the interventions necessary to carry out the remediation of a polluted site has the purpose of constituting an incentive for the effective implementation of the remediation itself.
Sources:
