- The Italian tax agency has clarified the conditions for exercising the right to deduct VAT through a supplementary declaration.
- The agency confirmed that a supplementary VAT declaration can be used if the taxpayer did not exercise the right to deduct the tax in a timely manner, despite receiving and registering the purchase invoice.
- The case examined involved a taxpayer who had already paid the deducted VAT to the tax authorities through periodic settlements.
- The taxpayer now wants to recover the deducted VAT through a supplementary declaration.
- The tax agency’s response confirms that this is possible in cases where the taxpayer made an error in not exercising the right to deduct the tax in a timely manner.
Source: eutekne.info
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.
Latest Posts in "Italy"
- VAT Exemption Also Applies to Claims Management Services, Rules Italian Supreme Court
- Italy Proposes Rome as Host City for New EU Customs Authority Headquarters
- Rome Proposes to Host New EU Customs Authority, Highlighting Strategic and Historical Significance
- €78 Million VAT Fraud Uncovered in EU: ‘Nebula’ Investigation Exposes Cross-Border Tax Evasion
- VAT on Prepaid Fuel Cards: When Is It Charged—At Purchase or Refueling?
