- It is possible to regenerate the VAT credit of non-operating companies if there is a cause of exclusion.
- If a VAT credit is used in compensation beyond the limit, it can be regularized by paying the excess VAT used, plus interest and reduced penalties.
- The regenerated VAT credit can be used in compensation for future tax debts and contributions within the specified limits.
- This is stated in the response to inquiry no. 10 of 2024 by the Revenue Agency.
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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