- Seller/provider can claim VAT reimbursement from buyer/client even if VAT was paid through “rottamazione” process
- Seller/provider must pay all installments of “rottamazione” to claim reimbursement
- Buyer/client can deduct reimbursed VAT in second year following payment
- Legal basis for VAT reimbursement claim cited as response to ruling no. 141 and Article 60, paragraph 7 of Presidential Decree 633/72
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"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
