- For activities subject to entertainment tax, the VAT deduction is fixed at 50% of the tax on taxable operations or 1/3 for television and radio broadcasting.
- Taxpayers have the option to choose the ordinary VAT deduction regime, which is binding for five years.
- The decision to opt for the ordinary VAT deduction regime depends on the amount of purchases compared to the turnover.
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.
