The Revenue Agency, with response to question no. 417/2022 , confirmed that the exercise of the right to deduct VAT on imports is possible only with the annotation in the register of purchases referred to in art. 25 of Presidential Decree 633/72, respectively:
– of the customs bill, if the importation was carried out with the “old” message “IM”;
– of the so-called ” summary statement for accounting purposes” (attachment 1 to the Customs Agency circular no. 22/2022), for imports made with “H” messages.
Following the removal of the “IM” message, starting from 30 November, imports will no longer be documented by the Single Administrative Document (SAD).
Instead, it will be necessary to use the new “H” messages , which, through the appropriate XML paths, contain a standardized data set of data, intelligible and non-modifiable.
The summary statement therefore assumes the role of the only relevant document in the VAT area
Source: eutekne.info
Latest Posts in "Italy"
- Italy Clarifies VAT Rules for Chain Transactions and Triangular Arrangements
- VAT Treatment of Chain Supplies in Italy
- Italian VAT Exemption for Imported Yachts Under Revenue Agency Ruling 105/2026
- Italy Clarifies Reporting Rules for Unused Payment Terminals
- Limits on 10% VAT for Gas Supplies to Condominiums, 480 m³ Annual Threshold
