Increased Limits for VAT Credit Compensation and Refund under Biennial Preventive Agreement

• Article 19, paragraph 3 of Legislative Decree 13/2024 allows taxpayers in a biennial preventive arrangement to have a higher limit for offsetting excess VAT credit or requesting a refund without the need for conformity approval.
• The corrective decree specifies that benefits related to VAT are also included in the arrangement.
• The provision for biennial preventive arrangements refers to the incentive regime for taxpayers meeting ISA requirements.
• Operationally, without conformity approval, up to €70,000 annually can be offset or refunded for VAT credits, compared to the usual limits of €5,000 and €30,000 respectively.
• The higher amount for those in the arrangement also exempts them from providing a guarantee for VAT refund requests.

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.

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