- The Italian Supreme Court ruled that businesses can claim VAT refunds for maintenance or renovation work on third-party non-depreciable assets with a functional link to business activity.
- The ruling resolves legal inconsistencies and allows refunds for improvements on leased or borrowed properties.
- It extends VAT refund rights to various scenarios, potentially redefining “depreciable assets” and influencing interpretations of investment goods under EU directives.
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 for High Seas Navigation: Conditions for Public Entity Ship Purchases
- Unregistered Purchase Invoices: Is the Right to VAT Deduction Still Valid?
- VAT Treatment for Sale of Oceanographic Vessel to Research Entity Under Italian Law
- Constitutional Court Ruling Alters Customs Confiscation Rules for Unpaid Import VAT
- Legal Requirements for Issuing Credit Notes: Clarity and Proof of Original Invoice Connection
