- Tax deduction for 2023 still possible: when and with what precautions
- Taxpayer can exercise the right to deduct VAT on purchases and imports within the deadline for filing the annual VAT return for the tax period in which the right arose
- Taxpayer can present a supplementary declaration in favor by December 31 of the fifth year following the filing of the declaration for the tax period in which the right arose
- Be careful: filing a supplementary declaration reopens the terms of assessment with reference to the amended part of the declaration
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.
Latest Posts in "Italy"
- Italian Supreme Court Clarifies Double Time Limit for Sanctions in Reverse Charge VAT Cases
- Italian Revenue Agency Clarifies VAT Reverse Charge Eligibility for Gold Materials as Finished Products
- Italian Revenue Agency Clarifies Input VAT Deductions for Liquidation-Related Services in Letter No. 251/2025
- Italian Company in Voluntary Liquidation Can Deduct VAT on Purchases Despite Exempt Activities
- Italy’s Law 207/2024 Grants Tax Benefits for Asset Transfers to Shareholders
