Italy: Obligation to rectify starts upon receipt of VAT credit note

• The obligation to rectify starts from the receipt of the VAT credit note.
• The recipient must rectify the credit towards the tax authorities within a certain period of time.
• The rectification is optional for the seller/provider.
• The Italian Revenue Agency has clarified the deadline for the recipient to rectify the deduction previously made.

Source: ipsoa.it

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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